Articles by Nicel Jane Avellana


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PayNearMe, a company based in Sunnyvale, California that allows cash lovers to pay for their online transactions in cash, has raised $20 million for its fifth financing round, VentureBeat reported.
iPhone fans aren't too happy that Apple has decided to remove a Bitcoin application called Blockchain from the app store, with some taking extreme action to show their displeasure to Apple, Bloomberg reported.
Planemakers are looking forward to inking billions of dollars in deals at an aerospace gathering in Singapore next week despite worries about the turmoil in emerging markets, Reuters reported.
Datamolino, a Slovak startup processes invoices and receipts without the need for manual data entry, has received €500,000 for its seed financing round from Slovak Innovations and Technologies Fund, TechCrunch reported.
Bloomthat, a flower delivery startup based in San Francisco, pulled in seed funding from investors that included SV Angel and Ashton Kutcher amounting to $2 million, TechCrunch reported.
Apple seems to be gearing up to go into sapphire crystal display manufacturing as documents reveal that the company is buying furnaces and chambers as well as tools for the purpose, TechCrunch reported citing a report from 9to5Mac and information from its own source.
Allovue, an education technology firm based in Baltimore, Maryland, received $800,000 for its seed funding round from Maryland Technology Development Corporation, Baltimore Angels and Shulman Ventures.
Y Combinator, SV Angel, Max Levchin and other investors provided seed funds amounting to $2 million to San Francisco, California-based "pre-commerce" platform Celery to help grow the team and develop its storefront features.
Teqcycle Solutions, a Munich-based firm that provides mobile devices trade-in and reuse solutions, has bagged an undisclosed investment from T-Venture Holding, a subsidiary of Deutsche Telekom.
A fintech incubator has just been rolled out by pan-European accelerator Startupbootcamp in London. The FinTech bootcamp is backed by big names that include Lloyds, Rabobank and MasterCard, TechCrunch reported.
Birdback, a London-based fintech startup, has obtained $2.4 million in its funding round led by Passion Capital and joined in by Paul Nikkel, Luke Johnson, Playfair Capital and #1seed, TechCrunch reported.
Yandex, a Russian internet group, announced on its website that it will be opening an office in Berlin. The new office is a sign that the Russian firm is ramping up its foreign ambitions, Reuters reported.
Mutual funds managed by the biggest names in Wall Street like BlackRock, Brevan Howard and T. Rowe Price, are showing poor performance with the decline in the emerging markets, an analysis from Reuters said.
Japan-based Sumitomo Corp agreed to acquire Australia-based Emerald Agribusiness Group Pty. The purchase allowed the Japanese trading firm to control the storage facilities and export terminal of Emerald, Bloomberg reported.
Jaguar Animal Health Inc, a company that focuses on making veterinary products, received $2 million from BioVeda China Fund, a private equity firm based in China.
Michael Carsley, a US fund manager, has informed an Australian court that he intends to drop a case against a horse betting club in the country that seeks to get back his losses, Bloomberg reported.
Novra Technologies Inc said it has inked term sheets to purchase Wegener Corporation and Westport Research Associates. Terms of the deals were not disclosed in the statement about the acquisition.
Mike Cousins and Cliff Weiner, former executives of Orix USA, have been hired by Preston Hollow Capital, reuniting them with their former CEO Jim Thompson, Bloomberg reported.
Amazon has bought Double Helix Games, a gaming studio based in Irvine, California created from the merger of The Collective Inc and Shiny Entertainment. Terms of the deal were not disclosed, TechCrunch reported.
The New York City Police Department's intelligence and analytics unit is checking out if Google's latest innovation, Google Glass, can be used for law enforcement, VentureBeat reported.
Magic Leap Inc, a company that VentureBeat reported as being into "some hardcore science-fiction type stuff" has secured $50 million to successfully close its first funding round.
Apartment List, an online rental marketplace, was able to raise an additional $6 million in financing in a follow-on round led by Glynn Capital and Passport Capital, TechCrunch reported.
Renowned technology innovators invested $5 million to close the latest funding round of San Francisco-based mobile technology firm Apportable, bringing to $7.4 million total funds raised to date.
MPC Synergy Real Estate, a private equity firm that formed a joint venture with Akme Projects, will be exiting its investments in the India- based firm, according to sources interviewed by The Economic Times.
Some European filmmakers that have turned to crowdfunding, which is still in its early stage in Europe, are facing a different set of challenges, Variety reported.
A Wilshire Associates Inc report showed that public pensions in the US had median gains of 16.1% last year, with smaller public pensions outperforming the "mega" plans, Bloomberg reported.
Retailers in the US are feeling the pressure to increase their cybersecurity spending as they compete against online rivals and strive to meet the October 2015 deadline by Visa and MasterCard to be able to use chip-enabled payment cards, Reuters reported.
The Canadian Pension Plan Investment Board will be opening an office in Brazil in April to bolster its investments in the real estate and infrastructure sectors, Reuters reported.
HealthTech Capital Founder and veteran venture capitalist Anne DeGheest warns that there is a bubble forming in information technology for the healthcare industry in an interview with The Wall Street Journal's blog Venture Capital Dispatch.
The most active venture capital investor last year is 500 Startups with 57 new deals made and 77 total deals in all, data from DJX VentureSource revealed.
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