Black Bear Diner had secured an investment from private equity fund PWP Growth Equity. The financial backing will be allocated to expand growth and coverage in new and existing markets. The restaurant plans to add new locations and grow to 155 restaurants in the U.S while retaining its unique concept.
Investors
OJK’s New Regulation on Licensing and Organization of Venture Capital Companies
OJK Issued a new regulation with regards to Venture Capital Companies. The new provision changes the licensing and organization of venture capital companies, and includes sharia law and sharia-based legal entities.
Jacob Zuma fails to fulfill economic promise to South Africa
President Jacob Zuma is at the center of criticism over lack of infrastructure facilities to attract foreign capital and global companies. All quarters of the society are calling for government's commitment to restore business confidence on South Africa.
Canadian venture capital at 10-year high
Led by technology sector, venture capital (VC) investments in Canada reached 10 year high in 2015. Canadian Venture Capital & Private Equity Association (CVCA) said 536 deals in funding for entrepreneurs raised $2.25 billion in 2015.
Indian app-makers woo VC funding as smartphone sales soar
Indian smart phone market is witnessing robust growth rate and attracting foreign venture capitalists (VCs). The home-grown apps are creating more demand for venture capital. India is second largest market for smartphones after China.
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The latest quarterly survey of Fenwick & West LLP found most Silicon Valley companies that raised venture funding in the fourth quarter of 2015 softened.
This year’s African economic summit was ended with calls to boost trade and investment on the continent. The conference aims to strengthen Africa’s place in the world economy through investment and to establish Egypt as a gateway for foreign investments.
Investment inflows into oil and gas projects are dropping significantly. The investments in oil projects in 2016 is forecast to fall below £1 billion from the five-year annual average of £8 billion.
It was confirmed on Monday that Israeli company Ravello was acquired by Oracle for $500 million. Ravello joins Oracle's cloud business with high hopes to take on giant tech companies like IBM, Google, Microsoft, and Amazon.
Asian stocks rebounded on Monday ahead of G20 Finance Ministers meeting, which is scheduled on this weekend. Investors are positively looking to reassurances about global economy growth.
Baltimore private equity firm Ecosystem Investment Partners (EIP) announced on Tuesday that they closed its third fund at $303 million, overriding its target of $200 million. With such amount of equity capital commitments, Monument Group Inc. is to serve again as exclusive placement agent.
Indian businessman Ajay Piramal has entered into venture capital (VC) space by establishing a new VC funding entity 'Montane Ventures.' The new VC fund focuses on early-stage funding requirements. Piramal has infused $50 million into Montane Ventures will mobiles $150 million additionally from external resources.
Mobile startup Jana has a new influx of cash and an old industry hand as a new adviser. It recently nabbed a $57 million funding from Verizon Ventures for expansion in developing countries.
Apple Inc is planning to increase investment in India. The company recently indicated that it is eyeing the second largest market in the world for long-term investment opportunities.
