If you look at the investment dollars for the last quarter, you might be surprised to see an uptick in deal volume. For all the gripes about sky high valuations and bubble fears, it seems strange to see more money thrown at startups. It turns out that it’s mainly the businesses that have already raised a lot of capital that continued to attract even more. While there was an increase… Read More
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Lookup, an India-based chat service that connects consumers to local business and is backed by some notable U.S. investors, has been acquired by business discovery service NowFloats, which is also based in India. The deal priced is undisclosed, and Lookup said it will continue to operate independently. Read More
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Eager to throw its product development into high gear, Postmates snags the team from Hey! inc. The latter best known for its ludicrously viral game Stolen, which was shut down and later reborn as Famous. “The Hey team was introduced to us an investor,” Postmates’ CTO and co-founder Sean Plaice said. “He brought to our attention that the Hey team might be looking for a… Read More
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aCommerce, a Bangkok-based startup that helps e-commerce companies in Southeast Asia run their businesses, has landed $10 million in new funding ahead of a planned Series B raise later this year. Read More
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MarketInvoice, which plays in the peer-to-peer lending space by enabling U.K. businesses to raise money from institutional investors and high net worth individuals by ‘selling’ outstanding invoices, has raised a further £7.2 million. Read More
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In the wake of the historic Brexit vote and the fall of the Pound, the UK is now witnessing its biggest-ever technology exit. Today, Arm Holdings confirmed that Japan’s Softbank Group has offered to pay £24.3 billion ($32 billion) in cash to acquire the company — known for its chip designs for mobile handsets (Apple is a customer) as well as for processors to power… Read More
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Baidu has made its second investment in a U.S. fintech company inside a month after it put an undisclosed sum of money into ZestFinance, a big data firm specializing in credit scoring. Baidu, which operates China’s dominant search platform, took part in a $60 million round for payments firm Circle in June. Read More
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SoftBank is bidding to buy chip giant ARM, one of the world’s most influential technology companies, according to multiple media. Read More
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Encrypted comms company Silent Circle, which also makes a security-focused Android smartphone called the Blackphone, has announced it’s closed a $50 million Series C round of financing, led by Santander Bank. Read More
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PureLifi, the University of Edinburgh spin out that is developing what it calls ‘LiFi’ technology, an alternative to Wi-Fi that uses modulating LED light as a way of sending data from one LiFi-equipped device to another, has raised just over £7 million in Series B funding. Leading the round is Singapore’s state-owned investment firm Temasek, while the startup says the new… Read More
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