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Apple To Buy Swell For $30 Million, Per Report

TechCrunch In what appears to be part of a summer shopping spree, Apple is reported to be buying Swell, a radio app much like Pandora but focused on talk radio. According to Re/Code, the deal is worth approximately $30 million. Swell is a product out of Concept.io, a startup founded back in 2012 in Mountain […]

Sunstone Capital Backs Beacon Platform Kontakt.io To The Tune Of $2 Million

TechCrunch July 28, 2014 “Bluetooth Low Energy and iBeacon are the building blocks of the next wave of computing,” says Max Niederhofer of the micro-location technology that lets your smartphone trigger events based on how close you are to a Beacon transmitter. “It’s a cliché, but the possibilities are endless.” If he sounds bullish, that’s […]

Wipro sets up $100-mn VC fund to invest in start-ups

Business Standard July 28, 2014 Following the footsteps of some of its global peers, India’s third largest information technology (IT) services company, Wipro, has set up a venture capital (VC) fund that will look at investing in early-to-middle stage technology start-ups globally. According to highly-placed sources in the know, the initiative is being driven by […]

Orion Engineered Carbons raises $350 million in New York IPO

July 25 (Reuters) – Orion Engineered Carbons S.A. raised about $350 million in an initial public offering (IPO) in New York on Friday in which the carbon black producer issued shares at $18 each. The issuance price was below the company’s initial price range of $21-$24. The placement of 19.5 million common shares gives Orion […]

Russian Cafe Chain Shokoladnitsa Close to Buying Rival Coffee House

Moscow Times July 24, 2014 One of Russia’s largest coffee shop chains, Shokoladnitsa, is near to closing a deal to buy out rival company Coffee House, Kommersant reported Thursday, citing sources close to the negotiations. Shokoladnitsa currently boasts 420 coffee shops throughout Russia, 90 of which are franchises, and the takeover would swell its ranks […]

Airware Preps Launch Of Its Commercial Drone Operating System With $25M From Kleiner

TechCrunch July 23, 2014 Building a drone’s hardware and software from scratch is tough and expensive, but open source drone kits are inflexible. So to power businesses looking to customize drones for commercial uses from agriculture to industrial inspections, Airware has raised a $25 million Series B led by Kleiner Perkins. The money will fund […]

London Startup Jinn Raises $200K Seed Round For Local On-Demand Delivery App

Tech Crunch July 21, 2014 Four months after bootstrapping a London launch, which saw its co-founders initially jumping on a scooter to deliver customer orders themselves, local on-demand delivery app Jinn has raised a modest seed round of $200,000, to be used primarily for customer acquisition. Thus far the startup says it’s doing around 1,000 […]

Startupbootcamp Names The Ten Startups In Its First London Fintech Program

Startupbootcamp has just announced the first cohort of ten startups that will participate in the 2014 program of its London-based fintech accelerator. The startups that have made the cut for the inaugural three-month mentoring program include teams from Europe, Africa and the US (see below for the full list of selected teams). Together the ten […]

TMT Investments injects $400,000 into US business productivity software publisher

East-West Digital News Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $400,000 investment in US startup Quote Roller Inc. Headquartered in South San Franciso, Quote Roller Inc. was founded by two Bielorussian-born enterpreneurs, Mikita Mikado and Serge Barisyuk. The startup is behind two business productivity SaaS products: Quote Roller and […]