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US venture capital firm Lightspeed closes $950M for new early-stage fund
Menlo Park, US-based venture capital firm Lightspeed Venture Partners (LSVP) closed $950 million for its new investment fund that will back early-stage companies in the consumer and tech sectors.
Point Nine General Partners arrive in San Francisco
Berlin, Germany-based investor Point Nine have brought their early stage software-as-a-service portfolio firms to establish home bases in San Francisco and Silicon Valley, VentureBeat reported.
Google Glass strikes distribution partnership with Italian optical wear maker Luxottica
American Internet and tech giant Google struck a manufacture and distribution deal with Italian optical wear maker Luxottica for the future versions of its wearable Glass.
Mega Ltd to list in New Zealand through inactive shell firm
Internet entrepreneur Kim Dotcom's Mega Ltd intends to list in New Zealand by doing a reverse takeover of TRS, an inactive shell company, Reuters reported.