Saudi Arabian billionaire tech investor Prince Alwaleed got the rumor mill going when he put out a statement saying he met with the CEO of Snapchat and the two discussed co-operating… Read more »
Investment funds and traditional media entities have poured hundreds of millions of dollars into new-media entities like Vice, BuzzFeed, Vox and Business Insider over the past six months, but will these… Read more »
ZipWhip, a startup that is extending SMS beyond the mobile phone, has raised a $5 million Series B round led by Chicago private equity firm Ronin Capital. ZipWhip has a cloud-based messaging… Read more »
Uber clearly does not subscribe to the ‘mo money ‘mo problems theory. The company has raised another $1.6 billion dollars, this time in a convertible debt round from Goldman Sachs according to… Read more »
Facebook considered investing in Chinese mobile conglomerate Xiaomi, according to sources that dished to Reuters. The deal didn’t pan out for a range of reasons, from political concerns to investment conflicts, but could… Read more »
The Chinese web giant Baidu will buy a stake in Uber worth up to $600 million, according to sources quoted by Bloomberg. The ride-booking company, which raised $1.2 billion earlier this… Read more »
Uber has raised another $1.2 billion, bringing its total finance up to $2.7 billion. In a blog post announcing the news, CEO Travis Kalanick said the company acknowledges its recent mistakes… Read more »
Vox Media has closed a financing round that values the company at almost $400 million, and BuzzFeed is valued at twice that level — but will the funds that made these… Read more »
Germany’s Deutsche Telekom has launched an enormous venture capital fund, totalling €500 million ($621 million) over five years, that’s aimed at newer startups and more mature companies. The fund will be… Read more »
DogVacay, a service that matches pet-sitters with dog owners, said Monday that it has raised $25 million in a round led by Canadian pension fund OMERS. New investor GSV Capital and… Read more »