In a bid to attract more startups, Walldorf, Germany-based sofware giant SAP planned to open a cafe in Palo Alto, California, where startups companies can hang out, collaborate, and connect to over 1,000 companies worldwide.
Investors
Berlin-based Outfittery secures €13 million in new funds
Outfittery has secured new funding amounting to €13 million in a round led by Germany's Highland Capital Partners Europe to it can grow in European markets, TechCrunch reported.
Thailand's Playbasis bags $770K in seed funding
Playbasis, a Thailand-based gamification startup, has secured seed funding of $770,000 from Ardent Capital, 500 Startups and Axis Capital to expand its reach in Asia , TechCrunch reported.
North Carolina-based startup CycleWood secures $1.45M in funding for commercialization of biodegradable grocery bags
Fayetteville, US-based startup CycleWood Solutions Inc secured $1.45 million in funding from Dallas-based venture capital firm Trailblazer Capital LLC for the commercialization of its biodegradable grocery bags.
Small and medium enterprises in Africa bag $10M from AVCA
For the past 18 months, small and medium enterprises (SMEs) in Africa bagged $10 million in investment from London, UK-based non-profit business development organization African Private Equity & Venture Capital Association (AVCA).
Latest News
Y Combinator is proof that companies don't always need to hold fancy launches. A low-key "launch day" such as the one Y Combinator had in 2005 can also spell long-term success, TechCrunch reported.
Chinese e-commerce firm Alibaba is trying to buttress its weaknesses ahead of its public debut later this year by acquiring firms, the Financial Times reported.
San Francisco, California-based wearable tech firm Basis Science put itself up for sale and is currently in acquisition talks with Google, Apple, Samsung, and Microsoft, according to two sources familiar with the situation.
The single largest stock holding of Soros Fund Management in the fourth quarter is Israeli drugmaker Teva Pharmaceutical Industries Ltd, Reuters reported citing a February 14 filing with the US Securities and Exchange Commission.
Tel Aviv, Israel-based security startup SlickLogin confirmed that it is being added by Santa Clara County, US-based Internet giant Google for an undisclosed amount in an acqui-hire deal.
At the O'Reilly Media's Strata big data conference, four venture capitalists revealed the types of startups and the projects they would be willing to put their money on.
Cupertino, US-based smartphone giant Apple considered purchasing Palo Alto, California-based electric car manufacturer Tesla, according to a San Francisco Chronicle report citing an unnamed source.
The uncertainty of the US government on what to do with the Bitcoins it has confiscated from the Silk Road raid in October last year has already cost it paper losses amounting to $31 million, The New York Post reported.
Greenlight Capital has asked a New York state court to order the website Seeking Alpha to reveal the identity of the person who leaked the hedge fund's stake in Micron last year, Reuters reported.
