Category Archives: Startups/Business

Sweden’s Telia Sonera Confirms It’s Investing $115M In Spotify, Now Valued At $8.53B

spotify Timed to offset the big Apple Music launch earlier this week, popular music streaming service Spotify has finally closed its latest financing round. Among the investors is Sweden’s main carrier, Telia Sonera, which today announced that it is investing $115 million for a 1.4 percent stake in the company. Telia Sonera is the only company making a public confirmation of investment at… Read More

Brit+Co Confirms $20M Raise Led By Intel, Acquires How-To App Snapguide

Brit + Co Homepage Big news today for Brit + Co., the lifestyle media and e-commerce business aimed at people interested in crafty projects. The startup has confirmed that it’s raised $20 million in funding, and it has acquired user-generated DIY app Snapguide to add more media to its platform — or, as CEO and founder Brit Morin told TechCrunch, “to build out our community with more… Read More

Roomi Lands $2 Million To Pair You With The Perfect Roommate

roomi Roomi, an app that wants to help New Yorkers find the perfect roommate, is today launching with $2 million in seed funding led by DCM Ventures. Great Oak Ventures, Sand Hill East, Jeff Dishner, Greg Kidd, Arihant Patni, Jeff Penney, and AngelList Consumer Fund all participated in the round, as well. Roomi works by letting users seeking roommates list their apartments on the app. Once… Read More

Twitter investor: Buying Twitter makes sense for Facebook, Google, Alibaba or Microsoft

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Early Twitter investor Chris Sacca said on Friday that if the social network eventually pursued a sale, Facebook, Google, Alibaba or Microsoft would benefit most from acquiring it.

That was the gist of Sacca's latest television interview on Friday. The tech investor, who has funneled cash into more than 40 businesses, including Uber and Instagram, name-checked those four tech giants during his Bloomberg interview

"I think all of those companies would benefit strategically," Sacca said. "All of those companies would be able to explain to their shareholders why they paid a lot of money, and it would fit into a lot of those companies without competing with something else that they have." Read more...

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