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Posts Tagged ‘investment’
How could Dr Michael Lynch raise a $1 billion venture capital fund while being sued for $5 billion over alleged fraud in the $11 billion sale of his company Autonomy to HP? The reality is, that doesnt take much time since he has a team of lawyers on the case, Lynch said on stage during TechCrunch Disrupt London.
Former JP Morgan financial advisor Randy Fernando got the idea for his fintech startup Vault selected as audience choice for the startup battlefield here at Disrupt London after his mum asked him whether there were any retirement plan benefits she could offer staff as a hiring incentive at her small business pre-school. The problem was he couldnt find anything.
Cashboard, an online wealth management startup based in Berlin, has closed 3 million in Series A funding. The round was led by Digital Space Ventures, with participation from existing investors Redalpine Capital, Earlybird, and 500 Startups.
BuzzFeed just announced that it has raised another $200 million from NBCUniversal. That might sound a little familiar, since the company raised a round of the same size last year.
The Climate Corporation (owned by Monsanto) has acquired Estonia-based farm management startup VitalFields. Terms of the deal remain undisclosed, although were told the VitalFields team will be joining The Climate Corporation.
The UK government has confirmed it will be borrowing to try to encourage investment in high speed fiber broadband networks and 5G technology with a plan to spend over 1BN by 2020-2021 to bolster the countrys digital infrastructure. Giving his Autumn Statement today, Chancellor Philip Hammond said:Our future transport, business and lifestyle needs will require world class digital infrastructure to underpin them.
Aventure fund formed by Sesame Workshop and New York-based Collaborative Fund early this yearhas made its first investment in a tutoring platform called Yup. Specifically, Yup (formerly known as MathCrunch) has raised $4 million in a seed extension round led by Collab+Sesame, in which Sesame Ventures is a limited partner, bringing the companys total capital raised to date to $7.5 million.
Nutmeg, the U.K. digital wealth manager (and an early entrant into the space), has picked up 30 million in further funding, bringing the total raised to just shy of 60 million over the last 5 years. Leading the round are Hong Kong-based independent financial advisory firm Convoy, which is investing 24 million.
Freespee, which these days calls itself a real-time conversation cloud technology company, has raised 9.25 million in Series B funding. French venture capital firm Ventech led the round, alongside existing investors Sunstone Capital and Inventure.
Israel-based equity crowdfunding platformOurCrowdis launching a sector specific fund fully focused on digital health touting it as Israels first fund with such a focus. The fund, called OurCrowd Qure, will invest in early stage startups at the seed and Series A level.Fundraising is starting now, with atarget of $50 million for the first raise.