THE BUSINESS OF TECHNOLOGY
Carmudi, an online marketplace for new and used cars, is the recipient of $25 million in Series B financing. In what is a textbook Rocket Internet investment, the company is currently operational in 20 countries, but is looking to use the funds to fuel further expansion into Asia and Mexico.
The local recommendation engine Yelp paid $134 million in a combination of stock and cash to acquire Eat24, a web-based food delivery service with around 20,000 restaurants currently on its platform.
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, 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…
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…
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).
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 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…
Twitter only added 4 million extra users during the fourth quarter of 2014, according to the company’s latest earnings report.
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…