Namshi, a product of Rocket Internet’s incubator program, recently raised a $13 million round to harness recent growth in its fashion ecommerce channels in the Middle East. Summit Partners led the investment.…
Matrix Partners Closes $450M Early Stage Fund
Matrix Partners recently announced the closing of its 10th fund, a $450 million package focused on early stage technology investments. The fund was first leaked to Fortune’s Dan Primack last month, but…
Baidu Acquires Online Video Platform PPS for $370M
Baidu, the largest search engine in China, has acquired PPStream, the Shanghai-based online video platform, for $370 million, the company confirmed this week following weeks of rumors on the deal. PPS will…
BMC Software Privatizes in $6.9B Deal
BMC Software agreed to privatize itself in $6.9 billion sale to a group of investors led by Bain Capital and Golden Gate Capital. The deal pays $46.25 per share to the buyer’s…
Young Gaming Heavyweight Supercell Raises $130M at $770M Valuation
Though Supercell only entered the gaming market a couple of years ago and only has two titles in the Apple app store, its overnight success is garnering some serious cash. Forbes recently…
Spotify Stretches Footprint into Asia, Latin Am, Northern Europe
Battling Pandora for turf in the on-demand music streaming service business, Spotify announced plans to expand its footprint into Asia, Latin America and Northern Europe recently on its blog. The company will…
Samwer Brothers Launch Global Founders Capital with €150M Fund
The Samwer brothers, the siblings behind Berlin’s Rocket Internet incubator known for launching clones of successful companies in new markets, have teamed up with Fabian Siegel, one of the co-founders of Delivery Hero,…
Ductor to Revolutionize Fertilizer, Crude Oil with Bio-based Approach to Ammonia
By MATT GALLAGHER, Red Herring Harnessing the power of ammonia, Ductor hopes to revolutionize both garden farming and gas tanks by the end of this summer. The company is developing what it…
Netflix Goes Social with Facebook Friends
It cost Netflix about $1.5 million in lobbying money to convince Congress to legalize sharing what you watch on your Facebook wall. Last week, just a day before the death of the…
LinkedIn Masses 1 Billion Endorsements in 6 Months
Though the feature may only be six months old, LinkedIn’s endorsements have already helped the professional social network increase user incentive for engagement. This week, the company announced a milestone of surpassing…