BDC Capital, a subsidiary of Business Development Bank of Canada, has launched IT Venture Fund II with corpus of C$150 million. With an objective of bridging gap in the mid-stage funding, the new fund will support new generation of IT entrepreneurs in Canada.
Sectors
InVisage introduces SparkP2 for IoT devices
InVisage unveiled SparkP2 for Internet of Things instruments. The SparkP2 has the potential to arrest 2-megapixel pictures and consumes less power than the traditional silicon cameras.
Puma Says Future is Female as Rihanna Draws More Sales
Puma is making a huge come back as sales grew more than anticipated. Rihanna's line of premium designed shoes along with the Fenty collection is drawing more customers boosting the company's once meager sales.
Rise of micro VC funding in India as investors focus on early-stage investment
The micro venture capital (VC) funding space in India is witnessing a robust activity. A rising new breed of venture capital investors is keen on early-stage investment in startups. About 12 micro venture capital funds are operational in India.
Deflation in steel, other commodities dent Japan's export basket
Japan's exports were badly hit by the steep drop in steel prices and other commodities. The world's third largest economy's exports fell 12.9 percent on the year in January to Yen 5.35 trillion ($47.12 billion), while the imports also fell 18 percent.
Latest News
Apple found support from Facebook and Twitter that it should not be forced to help FBI in unlocking the smartphone of one of the San Bernardino mass shooting assailants, Farook. Even if Apple unlocked phones in the past for solving criminal investigations, it is still the company' best interest to protect their privacy of their customers.
University of Chicago scholarship programs get $50 million donation from Sequoia Capital chairman Michael Moritz and his wife Harriet Heyman. The said huge donation will fund the Odyssey Scholarship Program and the Collegiate Scholars Program.
MindMaze has secured a total of $100 million funds from an early round led by India’s Hinduja Group. MindMaze, which until now is focusing on developing virtual reality interfaces in the healthcare sector aims to form future contracts and service centers, as well as expanding the technology for other uses in the form of gaming, educational and fitness applications.
Glencore signed new loan commitments of $8.45 billion revolving credit facility. The company took on the new liabilities when it was already struggling to pay off its existing debt of $30 billion. Despite being pulled to the lowest rank in the investment grade, the Swiss commodities trader received support from its loyal lenders, which came as a surprise for some.
Stratasys, the leading player in the 3-D printing and additive manufacturing industry, has extended its investment arm towards the promising start-up, Massivit. The start-up is just the kind of venture Stratasys likes to support, with disruptive technologies like their proprietary Gel Dispensing Printing and the 1800 3D printer which produces 3D printed sculptures.
Google Translate has now 13 new additional languanges giving it a total of 103 that surpasses the 100 mark. Based on the Google's estimate, it envelops 99% of the online population which is about 120 million people around the globe.
The venture capital (VC) inflows into Chinese economy grew 25 percent in 2015. The US and China ranked at first and second slots respectively in mobilizing the venture capital funds. The VC investors are choosier and cautious in selecting the startups amid economy slowdown.
US-based coal mining company Peabody Energy Corp is facing a major problem over its $1.47-billion self-bonding practice. The coal miner has been negotiating with debtors for several months. Certain groups are criticizing the self-bonding practice, lodged complaints in courts against Peabody Energy Corp.
Standard & Poor's (S&P) has cut rating on Kingdom of Saudi Arabia (KSA) as it's suffering from lower oil prices. The long -term foreign and local currency sovereign credit has been lowered to 'A minus/ A-2' from 'A plus / A-1.'
