Jun 5, 2014 | Central & Eastern Europe, MENA, News, Russia
East-West Digital News Last week, Flint Capital a Moscow-based venture fund launched last year, announced that it has increased its committed capital to $50 million – up from $30 million previously – following an agreement with a new and undisclosed LP. This...
Jun 5, 2014 | News, North America
Telegraph Bikes and car parts firm Halfords buys Boardman Bikes in deal to expand the brand. Tour de France racing cyclist Chris Boardman and his business partners have received a pay day of around £20m from Halfords for the sale of the bicycle brand he created. Mr...
Jun 5, 2014 | News, Western Europe
Alternative investing startup Wikifolio has closed a €6 million funding round led by European early stage venture fund Speedinvest. The fresh capital will be used by the Austrian company, which I’m told broke-even in the first quarter of 2014, to expand beyond its...
Jun 5, 2014 | Central & Eastern Europe, News, Russia
East-West Digital News June 6, 2014 Banki.ru, one of the largest B2C banking portals on the Russian-language Internet, has acquired Finparty.ru, a resource offering informal coverage of the finance industry, IKS Media reported last week. Founded in 2010, Finparty also...
Jun 5, 2014 | China, East Asia, News
China’s biggest e-commerce firm Alibaba has bought a 50% stake in Guangzhou Evergrande Football Club for a reported 1.2 billion yuan ($192m; £114m). Guangzhou Evergrande is one of China’s most successful football clubs. It was the first Chinese team to win...
Jun 4, 2014 | News, North America
SAN FRANCISCO, June 4 (Reuters) – True Ventures said it raised $290 million for its fourth venture fund amid a climate of greater optimism for venture capital, which is digging itself out of an era of low returns and investor discontent. True specializes in...
