Duncan Riley
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Spotify Inc. is reported to have raised $350 million on a high unicorn valuation of $8 billion. It’s not entirely clear if the round was Series G, or an extension on its Series F round of late 2013. The round hasn’t been …
Food delivery marketplace Foodpanda raises $100 million Series E
Global food delivery marketplace Foodpanda has raised $100 million Series E in a round led by Goldman Sachs Investment that included previous investor Rocket Internet SE. Founded in 2012, Foodpanda has a global food delivery presence across 40 countries, from Mexico through to …
LinkedIn shares plummet as Q1 financials revise down future projections
LinkedIn Inc. shares took a beating Thursday as the professional social networking company presented solid Q1 financials but revised down projected earnings for Q2. The company reported revenue in the first quarter of $638 million, up 35 percent from $473 million in the …
Adieu: Grooveshark shuts its doors as part of a legal settlement with the music industry
Streaming music service Grooveshark (Escape Media, Inc.) is no longer with the company, shutting its doors today after a six-year battle with the music industry. According to reports, the closure is part of a settlement with Universal Music Group, Inc., Sony Music …
Circa news app on the market after it fails to raise a new round
Circa 1605 Inc., the makers of the Circa news app are said to be on the market after the company failed to raise a new round of venture capital. According to a report from Forbes the San Francisco-based staff of 20 were informed of the …
Amazon acquires AWS EC2 spot market savings startup ClusterK
Amazon has snapped up ClusterK, Inc., a startup that allows other companies to save up to 90 percent on Amazon Web Services EC2 spot clusters. The price of the acquisition hasn’t been publicly announced, but is reported to have been in the …
Report: Salesforce has hired bankers to field takeover offers
Salesforce.com, Inc. is said to have hired bankers to field takeover offers after being approached by a potential acquirer, Bloomberg reported Wednesday. News of the potential acquisition of the Software as a Service (SaaS) CRM giant saw its stock surge as much as 17 …
$35 million in VC later, anonymous app Secret is closing down
Anonymous messaging app Secret is closing down, despite having raised $35 million and a period of being praised as the next big thing. The app, originally founded in October 2013 as a way to secretly share items before pivoting later into a messaging app, …
Twitter stock hammered after missing Q1 market expectations and revising down projections
Sunshine and lollipops were in short supply Tuesday at Twitter Inc., with the microblogging platform taking a hammering on the New York Stock Exchange after revealing disappointing first quarter figures, and revising its future revenue forecast downwards. Twitter’s Q1 revenue came in …
“Lifestyle media company” Refinery29 raises $50 million Series D
“Lifestyle media company” Refinery29 has raised $50 million Series D in a round that included Scripps Networks Interactive and WPP Ventures. Founded in 2004, the company describes itself as the largest independent fashion and style website in the United States, and boasts …