News, Deals and Events from FinancePlus


Australian Telco Telstra Acquires Video Distribution Startup Ooyala

TechCrunch Streaming video distribution and monetization platform Ooyala is being acquired by Australian telco Telstra, which will invest $270 million to reach a 98 percent ownership stake in the company. This is up from the 23 percent it owned through a previous investment round. According to the press release that just dropped, Ooyala will be […]


UK Coffee Subscription Service Pact Coffee Raises £2M Series A

Wake up and smell the funding. Pact Coffee, the UK coffee subscription service that delivers freshly roasted beans to your door, has closed a £2 million Series A round led by MMC Ventures. Previous investor Connect Ventures has also participated, as well as Songkick founder Ian Hogarth, Robin Klein of Index Ventures, and Naked Wines […]


Rocket Internet’s FoodPanda Grabs $60M In Fresh Funding

TechCrunch FoodPanda, Rocket Internet’s food delivery service, has its paws on yet another round of funding. This time it is $60 million from existing investor Falcon Edge Capital as well as Rocket Internet AG. The money will be used to expand FoodPanda, as well as its brands hellofood and Delivery Club (a Russian food delivery […]


Nanomedicine Company MagForce Takes $15M From Thiel’s Mithril Capital

TechCrunch MagForce injects iron oxide nanoparticles into a patient and then vibrates them with a magnetic field to generate heat that helps kill cancer cells. It sounds like science fiction but it’s real. That’s why Peter Thiel‘s late-stage investment firm Mithril Capital just led a $15 million investment into MagForce’s new American subsidiary that values […]


Web App WikiWand Raises $600,000 To Give Wikipedia A New Interface

TechCrunch WikiWand has raised $600,000 from angel investor Saar Wilf to give users of Wikipedia an attractive new interface for the popular site. Though Wikipedia is one of the 10 most-visited sites in the world and an important online repository of information, it still looks much the same as it did when it launched back […]


Two Tap Raises $2.7M Seed Round For Its “Shopping Cart For The Entire Internet”

TechCrunch Two Tap, a Y Combinator-backed startup that aims to become the “shopping cart of the entire Internet,” today announced that it has raised a $2.7 million seed round from the likes of Khosla Ventures, SV Angel, Green Visor Capital, Ryan Petersen, Reddit co-founder Alexis Ohanian and Posterous co-founder Gary Tan, in addition to We […]


Russian publishing company T8 raises funds and prepares for IPO to finance ambitious print-on-demand project

East-West Digital News August 7, 2014 Moscow-based company T8 Publishing Technologies is planning to invest no less than 6 billion rubles (approximately $170 million) in an ambitious print-on-demand project, the Moscow authorities announced last week. The company claims it has acquired rare printing equipment that, combined with a special electronic publication platform, enables profitable printing […]


PLDT Invests $445M In Rocket Internet To Develop Online Payment Services For Emerging Markets

TechCrunch Rocket Internet and Philippine Long Distance Telephone Company (PLDT), a telecom operator, announced today that they have entered into a strategic partnership to develop online and mobile payment products. PLDT will invest €333 million (about $445 million) for a 10 percent stake in Rocket Internet, putting Rocket Internet’s valuation at about $4.5 billion. The […]


Fast-growing Regulated Nigerian Bank

This Bank was relicensed in December 2012, and opened March 4, 2013 as a specialized regional bank recalibrated for technology-driven efficiencies, service relationships and results. The Bank is a clean, liquid, well capitalized bank fully endorsed by the Central Bank of Nigeria. The team, in its initial ten months of operation, has achieved the following: […]


Merchant Loyalty Platform Startup Spoqa Raises $3.9M To Expand In Japan

Spoqa, the Seoul-based mobile loyalty platform that won the special prize of the jury at TechCrunch Disrupt Tokyo 2011, has raised a total of $3.9 million in funding to date led by Daesung Private Equity group and Bokwang Investments to fuel its expansion in Korea and Japan. Spoqa operates Dodo Points, a tablet-based loyalty platform […]