A new PrivCo report says Foursquare will fail by the end of 2013. According to PrivCo's sources, Foursquare is missing venture capitalist's projections, and even its own projections, quarter after quarter. PrivCo thinks investors will get tired of this and sell their shares by year-end for less money than they initially invested.
LONDON — Funding Circle, the British peer-to-peer lender, announced on Wednesday that it had raised $150 million in financing that valued the company at roughly $1 billion.The company, which allows people and institutions to bid online to lend money to small businesses, has now raised almost $300 million from investors including Index Ventures and Union Square Ventures.
LONDON — European venture capital is going through a shake-up.As the region’s tech companies like Spotify, the music-streaming service, and King Digital, the maker of the Candy Crush franchise, have become global names, a series of new venture funds have sprouted in search of the next generation of European start-ups.
Today, London-based money transfer startup WorldRemit announced a new $100 million funding round, with a reported valuation of more than half a billion dollars. The round is led by Silicon Valley venture capital firm TCV, which has previously invested in everyone from Facebook to Spotify and Netflix.
has 50 million monthly readers, according to the site's internal analytics. It just raised a $3.5 million convertible note at a $30 million valuation cap, sources with knowledge of the deal tell Business Insider.The founders confirmed the fundraise to Business Insider but declined to comment on the valuation.
They are now offering loans and advances to their small-business clients and charging a fixed fee for the capital advance. It's a way to develop a new revenue stream and help their merchants grow (which in turn, means more money from credit card transaction fees).
According to a paper published by the New York Panel on Climate Change, projections have New York City sea level rising well above the global average for the next 100 years. According to this paper, projections for sea level rise in New York City could reach as high as 6 feet by 2100. Within the next 40 years, sea level rise in New York City could reach 11 to 12 inches.
For the past two weeks, the tech and media universes were filled with chatter about his smartphone app, Meerkat, which allows users to broadcast live smartphone video of themselves to all of their Twitter followers. He came to Austin hoping to build even more excitement around his app at South by Southwest, the three-week tech, music and culture gathering popular with early adopters.
As technology giants like Google and Facebook slug it out over the $40 billion global market for mobile advertising, smaller players like InMobi have to stay nimble to avoid being trampled in the fight.So far, InMobi, which is based in Bangalore, India, has managed to thrive, building an ad-targeting platform that it says reaches more than one billion mobile devices worldwide.
Update: The stock recovered a bit right before close but still finished down almost 3%. Original story below: Stocks are down to start the week , but quietly, shares of Apple are getting crushed, too. Apple shares are down more than 3% against the market's roughly 1.8% decline.
A trio of social media stocks is getting pummeled this week, a sign that Wall Street may be unwilling to overlook missteps at some of its Internet darlings, Vindu Goel and Mike Isaac report.LinkedIn on Thursday plunged as much as 25 percent in after-hours trading after the professional social networking company forecast second-quarter sales that were weaker than Wall Street estimates.
London-based money transfer startup WorldRemit has raised $100 million (64.8 million) in a funding round that values the company at around $500 million (324 million), sources familiar with the matter told the Financial Times . The investment is a growing sign of confidence in the British technology scene.
Two tech startups have become synonymous with on-demand car-hailing services, due to their ubiquity and the amount of money they've raised in a relatively short period of time. One is Uber.The other is Lyft.Lyft was founded in 2012 by Logan Green and John Zimmer. Green and Zimmer sold their first startup, a ridesharing service calledZimride, to the car rental company Enterprise in 2013.
Men's short-shorts may seem like an unlikely product for an ecommerce startup. But for Chubbies cofounders Kyle Hency, Rainer Castillo, Preston Rutherford, and Tom Montgomery, it was the most natural thing in the world to start a company based around retro-inspired shorts.
Affirm, a San Francisco-based consumer lending start-up, is adding $275 million in debt and equity to accelerate its growth plans.The big Series B funding round is a vote of confidence by investors in one of the more ambitious entrants into the emerging field of financial technology.
A report from KPCB this week suggests that internet penetration worldwide is stalling out at around 60%. This means that 6 out of every 10 people around the world have access to the internet - or choose to make use of it.
There was good news and bad news for Motorola in its second round in court with the patent holding firm Intellectual Ventures. A Delaware jury cleared Motorola of infringing on one of IV's wireless patents, but it also said that the cellphone maker infringed on another patent focused on multimedia messaging,Reuters reports.