Venture Capital
Auto Added by WPeMatico
SoftBank Ups Its Stake In Supercell To 73% As Accel Cashes Out Of The Mobile Gaming Giant
Some ownership changes afoot at Supercell, the mobile gaming giant out of Finland behind blockbuster titles like Clash of Clans and Hay Day. Japan’s SoftBank has upped its stake in the startup to 73.2 percent, after buying an additional 22.7 percent of shares from existing external investors, with VC Accel exiting the company completely in the process. SoftBank says that Supercell… Read More
Powered by WPeMatico
A Fundraising Template Every Entrepreneur Can Use
Raising massive rounds these days is so commonplace that most of us tune out fundraising news altogether. The fundraising environment has changed so dramatically over the past four years, it’s almost incomprehensible to those of us who lived through it. Slack Has Seen 8-10 Acquisition Offers So Far
Speaking onstage at the Code conference, Stewart Butterfield, CEO of work collaboration startup Slack which launched two years ago, fielded a question about his company being a prime acquisition target at a time when valuations are high. Slack’s most recent funding valued it at $2.8 billion. Read More
Powered by WPeMatico
London’s Passion Capital Raises $69M For Its Second Early Stage Fund
London-based Passion Capital has raised a second fund for investing in early stage U.K.-based startups — today announcing a coffer of £45 million ($69M) to power its next phase of investments. Speakers At The Europas Conference And Awards Reflect Europe’s Diversity, June 16, London
The Europas Conference & Awards for European Tech Startups, on June 16 in London, is an annual celebration of Europe’s brightest tech companies. From a small bar in central London in 2009, it’s become a fixture of the European scene, with its highly curated daytime speakers and audience, which combines the key startup players in Europe, as well as the hottest newcomers,… Read More
Powered by WPeMatico
Goldman Sachs Is Our Best Bet Against Climate Change
Although it may not be the obvious hero, usually more Vampire Squid than White Knight, Goldman and its cohorts could be responsible for transitioning the renewables sector from a fragmented and esoteric industry to one of mainstream dominance. They’ve facilitated the development of world-encompassing industries before and they will do it again. Read More
Powered by WPeMatico
With $5 Million In Financing AlphaDraft Enters E-Sports Fray
E-sports have arrived as a money maker for players — whose earnings can top $1 million — and brands — that are tapping into an audience of over 134 million viewers that could generate $612 million in revenue. Now these teams are getting fantasy leagues of their own, with companies like Vulcun and the newly financed AlphaDraft, competing for a piece of this growing gaming market. Read More
Powered by WPeMatico
Clinkle Implodes As Employees Quit In Protest Of CEO
Seven employees quit the frequently mocked payment rewards startup Clinkle simultaneously today due to frustration with its 24-year-old CEO Lucas Duplan, according to multiple sources close to the company. Duplan, pictured above, is said to have withheld information from employees about acquisition talks with Apple that the team hoped would result in a sale. He’s believed to have… Read More
Powered by WPeMatico
500 Startups Accelerator Announces Its Thirteenth Batch Of Companies
With their twelfth batch of companies set to demo to investors and the press next week, 500 Startups is announcing the thirteenth batch of companies to go through its accelerator. Tandem Adds Two New Partners, Says It’s Not Exactly An Accelerator Anymore
Tandem, which recently raised a $100 million fund to back mobile startups, has added two new partners — Shashi Seth, formerly an executive at Google and Yahoo, and Couchsurfing co-founder Daniel Hoffer. The firm says it now has 15 team members working with its portfolio companies. It invests $200,000 initially and hosts those startups in Tandem’s Burlingame, Calif. office for… Read More
Powered by WPeMatico