Israeli venture capital fund YL Ventures has sold its stake in compatriot cybersecurity firm Axonius – just days after the latter was valued at over a billion dollars. The stake, worth around…
Is This the Second Dot Com Bubble?
Will the latest dot com bubble burst? That’s the question on many lips, as 2020 shapes up to be one of the most remarkable years ever for tech brands going public. AirBnB’s…
Spotify Buys Megaphone for $235m
Swedish music streaming giant Spotify has acquired podcast advertising and publishing firm Megaphone, in a deal worth a reported $235 million. The deal will help Spotify provide targeted ads, and expand advertising…
Deutsche Bank Ponders Tata Consultancy Tech Sale
Deutsche Bank is in talks to sell one of its major technology units to Tata Consultancy Services Ltd, a Mumbai-based conglomerate, according to a report by Bloomberg. Postbank Systems AG, a Bonn-based…
UK’s Kindred Capital Closes $105m Fund
London-based VC outfit Kindred Capital has closed a second fund for £81 million ($105m). It is a small increase on Kindred’s first fund, which closed in 2018 and has invested in 29…
EduTech Outfit Eruditus Raises $113m, as E-Learning Explodes Worldwide
Education startup Eruditus has raised $113 million in a Series C funding round, as the company continues to provide universities with online learning options amid the COVID-19 pandemic. The round was led…
Microsoft Buys Greek Robotics Firm Softomotive
Microsoft has acquired robotic process automation (RPA) company Softomotive. The move was reported earlier this month by Bloomberg, but only confirmed yesterday. The cost of the deal is not yet known. The…
Pexip Roadshows for IPO – Can it Really Beat Zoom?
This week Pexip launched a virtual roadshow, as it prepares to become the first European company to execute an IPO remotely. That is apt, given the Norwegian firm’s video conferencing solution. But…
Tracking Software Firm Prodsmart Wins $1.5m Seed Funding
Prodsmart, a company offering real-time tracking for production lines, has won a $1.5 million seed investment round. The firm, based in the Portuguese capital city Lisbon, will use the money to onboard…
Indonesia’s Tokopedia wins $1.1bn Alibaba-led Round
Tokopedia, one of southeast Asia’s leading e-commerce companies, has received a $1.1 billion funding round led by China’s Alibaba, which will see the latter become a minority stakeholder. The round, which follows…