Balderton Capital led the seed investment round for London-based carwow, an online website for those who want to buy new cars. Episode 1 Ventures, Samos Investments and angel investors also joined in the round.
Sectors
Sony's SmartBand wearable to be released globally next month
Sony's wearable technology called the SmartBand SWR10 which was first introduced at the CES last month will finally be available in 60 markets in March, TechCrunch reported.
Cisco invests $6M in Badia Impact Fund to support startups in Jordan
San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.
American music publisher Reservoir Media picks up catalogue of First State Media
New York City, US-based music publisher Reservoir Media Management picked up the music catalogue of Ireland-based First State Media Group for an undisclosed amount to increase its list to 75,000 songs.
Silverado Power merges with independent power producer Sustainable Power Group
The merger between Silverado Power and Sustainable Power Group or sPower, an independent power producer majority owned by private investment firm Fir Tree Partners, has finally been completed, with the newly-created firm to be called sPower.
Latest News
Southern Cross Venture Partners was the lead investor for the Series A funding round for Waltham, Massachusetts-based mobile content startup bigtincan which raised $5 million.
Singapore-based business consortium DDB Group Asia Pacific acquired Bangalore, India-based digital marketing firm 22feet for an undisclosed amount in a bid to be the leader in the development of India's digital marketing solutions industry.
Bangalore, India-based outsourced engineering solutions provider Quest Global Engineering added Houston, US-based engineering firm Beeken TechQuest for an undisclosed sum to meet the engineering workforce demand in the oil & gas industry.
Chinese gadget maker Huawei unveiled five new devices during the Mobile World Congress tradeshow held in Barcelona, including two tablets, one smartphone, one smartband, and a fast mobile Wi-Fi device.
Africa is already in the radar of large American technology corporations and venture capitalists as IBM, Microsoft and Intel Capital make bets on startups in the continent, TechCrunch reported.
After raising $38 million in total funding last year, San Francisco, US-based house cleaning startup Homejoy opened its second office in New York City in January to create a places where the company's city managers can meet together.
Netflix has agreed to pay one of the largest broadband providers in the United States Comcast Corp for faster speeds, throwing open the possibility that more content companies will have to shell out for better service.
Dawn Capital led the Series C funding round for software firm eCommera which raised $41 million. Other investors in the round were ePlanet Capital, Westcoast Capital, WPP and WTI, TechCrunch reported.
In the SwitchPitch event in Miami, it's not the startups that went to the stage to make the pitch to investors. Rather, it's the big firms that did the pitching, the Miami Herald reported.
