Amid reports of 10 percent employee layoffs and financial losses, Australian online retailer THE ICONIC has received $26 million in funding. The fashion site, a venture by German-born incubator Rocket Internet, lined its…
$5M Funding a Breakthrough for Mentally lll
Despite reports that between 1 in 4 and 1 in 5 Americans (depending on who you ask and when) suffers from mental illness, barriers to care keep many from receiving it. With…
Manufacturing For the People, By the People
Yesterday, Chicago Public Library opened the doors to its maker lab for the masses, a place where the public can play with 3D printers, milling machines and more. Those previously barred from…
2013 Top 100 North America: Winners
The Red Herring team selected the 2013 Top 100 North America. Selected from a pool of hundreds of submissions from across the region, this exceptional group is highlights the most innovative, disruptive and fastes growing…
Morgan Stanley Predicts YouTube to Be a $20B Business
Google keeps pretty mum on the subject of YouTube revenue, leaving it to analysts to guess what kind of take the service racks in. Analysts from Morgan Stanley recently took a crack…
Rocket Internet’s Namshi Raises $13M for Middle Eastern Retail
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…