Cloud disaster recovery startup CloudVelox has raised $15 million in Series C financing, bringing the total raised to $33 million. Cisco Investment, Mayfield Funds, Pelion Venture Partners and Third Point Ventures all…
Jet.com raises $140m at reported $600m valuation
Jet.com, an e-commerce site set to launch soon, has raised $140 million in funding led by Bain Capital Ventures. Participation came from Accel Partners, Coatue, General Catalyst, Goldman Sachs, Google Ventures, MentorTech…
Tesla struggles with production delays and weak China performance
Tesla reported losses of $108 million in the fourth quarter of 2014, nearly seven times more than it incurred in the same period a year earlier. The result was a loss of…
SIGFOX secures record $115m round of funding
Internet of Things cellular network provider SIGFOX has raised a $115 million round of financing, a record for a French startup. Among the investors were Telefonica, GDF Suez, Elliott Management, NtT Docomo…
Israeli cybersecurity company Team8 bags $15m
Team8, a cybersecurity incubator founded by former members of Israel’s Unit 8200, the equivalent to the National Security Agency in the United States, has raised $15 million from Marker LLC, Bessemer Ventures, and Innovation Endeavors (the VC firm founded by Eric Schmidt).
VC Gleb Davidyuk discusses Russia’s investment climate
Gleb Davidyuk is managing partner of iTechCapital, a Latvia-based fund specializing in the Russian digital market. Previous to iTech Gleb has worked at Scandinavian fund Mint Capital, Alfa Capital and the Central…
Alibaba makes $590m investment in Chinese smartphone maker Meizu
Alibaba has invested $590 million into Chinese smartphone manufacturer Meizu Technology Corporation. Alibaba will provide Meizu with resources in the e-commerce, mobile Internet, mobile operating system and data analysis fields, according to…
The Exit Report: Sunrise, MyFitnessPal, Elite Daily
There were a number of big M&A deals this week, with Staples announcing its $6.3 billion acquisition of Office Depot and Smucker’s getting set to pay $5.8 billion for Big Heart Pet…
Rocket Internet leads huge investments in Delivery Hero and HelloFresh
Delivery Hero, a food ordering service, has raised $568m from Rocket Internet. Delivery Hero currently operates in 24 countries, and acts as an ordering platform for more than 90,000 restaurants, according to…
Taboola grabs $117m funding round
Taboola, a content discovery platform, has raised a $117 million Series E financing round led by Fidelity Management and Research Company. Previous backers Marker LLC and Steadfast Capital also participated, along with…