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US-Russia Innovation Corridor selects university-based startups to “accelerate success”

East-West Digital News American Councils for International Education announces the opening of the Fall 2014 application for the US-Russia Innovation Corridor (USRIC). University-based startups and entrepreneurs are encouraged to apply until November 9. The US-Russia Innovation Corridor (USRIC) deploys services and resources to advance research and commercialization collaborations with the potential to accelerate success in business. USRIC […]

Vistaprint Buys $25 Million Minority Stake In São Paulo-Based Printi

TechCrunch October 6, 2014 Global printing heavyweight Vistaprint has acquired a $25 million minority stake in Brazilian web-printing startup Printi. The purchase marks Vistaprint’s entry into Latin America, after assuming market leadership in the U.S., Europe and Asia. Vistaprint bought out all of Printi’s investors’ stake and a portion of the founders’ stake in the […]

3D software developer Vizerra secures $5 million from giant Russian investor

Leader, an asset management company affiliated with Vneshekonombank, Gazprom, and Gazfond, has invested $5 million in Vizerra, a Moscow-based developer of 3D applications for planning cities, construction projects, product design, and virtual tourism. The news was reported last week by Russian business daily Kommersant, which quoted representatives from both companies. Vizerra – in which Mashable saw […]

Reddit Plans Its Own Cryptocurrency To Give Back To Its Users After $50 Million Raise

Reddit, the so-called front page of the internet, has raised $50 million in Series B on a $500 million valuation with intentions to give back 10 percent of the round’s equity to the community. The monster round is led by Sam Altman, CEO of Y Combintaor, with participation from Andreesen Horowitz and Sequoia Capital, as […]

Spacious Secures £500,000 Seed Round To Match London Startups To Office Space

Spacious, the London property tech startup founded by Entrepreneur First alumni Tushar Agarwal and Tom Watson, together with ex-advisor to the British Prime Minister Rohan Silva, has closed £500,000 in seed funding. The round was led by Spire Ventures, the VC fund set up by Faisal Butt and ex-Dragon James Caan, while Spacious says the […]

Almaz Capital leads $4 million funding round in US e-commerce solution provider

East-West Digital News This past Wednesday Content Analytics, an analytics platform that recommends e-commerce catalog optimization strategies, announced it secured a $4 million Series A funding led by Almaz Capital. Geoffrey Baehr, a general partner at Almaz Capital, has joined the startup’s board of directors. Also participating in the round is dunnhumby Ventures, the venture capital […]

Turkey’s Yildiz Holding says interested in investing in United Biscuits

ISTANBUL, Sept 24 (Reuters) – Turkey’s Yildiz Holding, which owns food maker Ulker Biskuvi, said on Wednesday that it was interested investing in British snacks producer United Biscuits. Yildiz made the statement in a filing to the Istanbul stock exchange after news reports that unit Ulker was interested in bidding for United Biscuits. It clarified […]

Canadian start-up Bionym raises $14 mln in new round of funding

TORONTO, Sept 24 (Reuters) – Canadian tech start-up Bionym said on Wednesday it has raised $14 million in a new round of funding led by Ignition Partners and Relay Ventures. Toronto-based Bionym makes a wearable security device dubbed Nymi, which is set to go on sale later this year. The wristband authenticates identity by using […]

Microsoft teams up with state fund to support industrial startups

East-West Digital News Last week FRII, the $200 million government-backed startup fund launched last year, and Microsoft announced that they were beginning an industrial accelerator to support startups developing IT solutions for education, healthcare, commerce, industry, the service sector, the financial sector and municipal services. The project will receive support from Microsoft Ventures, the international subdivision […]

PRSS Digital Magazine Platform Acquired By Apple

Apple has acquired Dutch digital magazine startup Prss, a platform that makes it easy to create iPad-compatible magazines using tools that don’t require any knowledge of code. The company is essentially a magazine-focused version of iBooks Author, and the deal could mean better native publishing tools for digital periodicals. The acquisition was first reported by […]