On Sunday Syriza, a far-left party, won snap elections in Greece. The party, whose name stands for ‘Coalition of the Radical Left’, has vowed to end austerity measures put in place since…
Apple posts record quarterly profit
Apple has revealed its largest quarterly profit in its history, posting earnings of $18 billion for its fiscal first quarter. The Cupertino-based company beat analyst estimates across the board, largely due to…
Yahoo to spin off Alibaba stake tax-free
Yahoo has announced plans to sell its stake in Alibaba, worth around $39 billion, without incurring a huge tax bill. The company’s CEO Marissa Mayer, who has been under significant pressure to…
CloudBees grabs $23.5 million round of funding
Continuous delivery platform CloudBees has secured $23.5 million in financing, led by Lightspeed Venture Partners. Previous backers Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated. The company has now raised…
Microsoft profit falls despite cloud, Surface success
Price cuts to two of Microsoft’s core lines of business, Windows and Xbox, contributed to shrinking profits in the last three months of 2014, according to the company’s most recent earnings. The results…
TransferWise raises $58m for currency exchange service
Andreessen Horowitz is the lead investor in TransferWise, a London-based online currency exchange. A16z was joined in the $58 million round by existing backers IA Ventures, Valar Ventures, Index Ventures, Seedcamp, and Richard Branson.
The Exit Report: Softcard, Semetric, Box
Google is in discussions to acquire Softcard, a payments joint venture between AT&T, Verizon, and T-Mobile.
App connecting startup Button raises $12 million Series A
Button, a startup aiming to connect apps, has raised a $12 million Series A round led by Redpoint Ventures.
Romania looks to capitalize on huge IT workforce with startup success
You won’t hear many of Bucharest’s entrepreneurs extolling the virtues of communism. But it’s Romania’s 42 years as a socialist republic that have – at least in part – helped it become…
Uber raises another $1.6bn
Ride-hailing company Uber has closed $1.6 billion in convertible debt from clients of Goldman Sach’s private wealth arm. The New York Times reports that the startup will raise another $600 million in…