IPO Rumors that the Gilt Groupe is preparing for a fall IPO were fueled this week by news that the company underwent a significant reorganization, which saw CMO Lizzie Francis and VP…
Amazon reports huge second quarter loss despite sales increase
Amazon announced a worse than expected loss for the second quarter of 2014 despite an increase in sales, as investments in a range of new products and services took their toll on…
NextNav secures $70m funding round – Investment Round Up
Seed funding Fixed, a mobile app which allows users to protest parking tickets, has raised $1.2 million in seed funding from Y Combinator, Merus Capital and other angel investors. Users can upload…
Hortonworks raises $50m – Investment Round Up
Seed VenueBook, a New York-based ticketing and venue platform, has raised $2 million in seed funding from investors including I2BF Global Ventures, Cayuga Ventures, MI Ventures and Kindler Capital. The company’s offering…
Drone platform Airware raises $25m – Investment Round Up
Series A Freshbooks, a cloud-based accounting software provider, has raised a Series A round worth $30 million, led by Oak Investment Partners. Atlas Venture and Georgian Partners also participated. Freshbooks has not…
Apple’s mixed earnings report reveals second straight quarter of dwindling iPad sales
Apple reported mixed quarterly earnings today, with increased iPhone sales, higher than expected net income and strong growth in gross margins offset by declining iPad sales and lower than expected revenue. Apple…
AppDynamics raises $120m at $1bn valuation – Investment Round Up
Series A SimpleReach, a content marketing startup, has raised a Series A round worth $9 million. MK Capital led the round, with participation from Atlas Venture, Village Ventures and High Peaks Venture…
Urban Compass raises $40m – Investment Round Up
Series A The news that Yo has raised a Series A will do nothing to calm those fearing a tech bubble. The messaging app’s sole function is to send “Yo” back and forth between…
IPO and M&A Watch: Line, Newsle, CardSpring
Keep an Eye On The Naver Corporation, a South Korean company that operates the popular messaging application Line, announced on Tuesday that it had filed its subsidiary with the Tokyo Stock Exchange…
Microsoft to lay off 18,000 in biggest jobs cut
U.S. tech giant Microsoft is set to lay off 18,000 employees, according to an internal memo from its new CEO. Satya Nadella, who took over the reigns from longterm chief Steve Ballmer…