The Asian e-commerce giant is ponying up $215 million in a strategic investment that spreads its reach into the U.S. Now flush, Tango plans to staff up and accelerate its social gaming and content sharing strategy.
The Orange Chef has raised $1.2 million in seed funding led by Google Ventures and Spark Labs. The company makes a kitchen scale that communicates with your iPad and a wealth of web nutritional data.
Benchmark, a leading VC firm that has backed several successful startups like Instagram, Snapchat, Uber and Yelp — has recently raised $425 million for a new fund, according to Fortune. The details in an SEC filing reveal that the new money does come with some changes: firm co-founders Kevin Harvey and Bruce Dunlevie are no longer listed as general partners, and there is a chance a new general partner will join the team. Still, it’s another milestone for one of Silicon Valley’s most successful VCs, and the new money will help support the firm’s kingmaking abilities for the immediate future.
Creating hardware not only means raising more funding than a typical app startup, but hiring manufacturing experts and building up infrastructure, according Nest founder Tony Fadell.
Though we may know little about mysterious mobile payments startup Clinkle, investors given a peek into its inner workings are seeing a lot to like. Sir Richard Branson has joined an already impressive group of backers.
Amdocs just bought Actix for $120 million, but it’s only the latest in a recent chain of mobile network optimization startup acquisitions, many for considerable sums.
TechStars Chicago kicked off its first demo day, highlight ten companies from across the tech spectrum. Online dating startups shared the stage with data analytics companies and gadget makers.
With a funding round of at least $258 million, Uber joins an elite group of tech companies that have landed blockbuster investments. The problem is that most of those storied companies have a history of failing.
Since founding Amazon in 1994, Bezos has spread his cash around in areas as diverse as collaborative consumption (Uber and Airbnb) and healthcare (Qliance and ZocDoc). He even dropped money into Second Life.
As promised, mobile investment specialist Tandem Entrepreneurs is expanding internationally, starting with India. It’s opened an office in Bangalore and plans to invite 10-20 Indian startups into it accelerator program in the next year.