Fresh off closing a $10 million fund earlier this year for Latin American startups, 500 Startups has pulled together $15 million in capital so far for a new fund that will exclusively target startups in the Middle East and North Africa (MENA). Despite just closing today, 500 Startups has already made …
Read More »Early cancer detection startup GRAIL closes on $900 million in Series B funding
Life sciences startups need a whole lot more cash than most and that’s certainly true for GRAIL, a cancer detection startup trying to figure out a way to find the “emperor of all maladies” much earlier through blood testing technology. The startup, which spun out of genomics company Illumina announced …
Read More »Cassini Closes in on Saturn’s Moon Pandora
This image from NASA’s Cassini robotic orbiter is one of the highest-resolution views ever taken of Pandora, Saturn’s F ring shepherd moon. This is one of Cassini’s closest views to date of Pandora, a small, inner moon of Saturn. Image credit: NASA / JPL-Caltech / Space Science Institute. Pandora, also …
Read More »Jungle Ventures closes $100M fund for startups in Southeast Asia
Singapore’s Jungle Ventures today confirmed the final close of its newest $100 million fund for investments in Southeast Asia. The firm announced plans for the fund, which is its second, in September 2015 when it completed a first close. It represents a big step up from the first debut $10 million, …
Read More »HSBC closes a quarter of branches, as 1,000 banks shut for good
Image copyright Getty Images HSBC has closed more than a quarter of its UK branches over the last two years, as part of 1,000 bank closures in total, research by Which? has found. The consumer organisation says that HSBC closed 321 branches since January 2015, or 27% of its network. …
Read More »Greylock closes $1 billion fund
Greylock Partners is getting another $1 billion to invest in startups. The long-time venture capital firm is announcing its 15th fund, bringing the total to $3.5 billion currently under management. With 50 years of investing in the books, Greylock has backed industry leaders in the enterprise IT and consumer internet …
Read More »Microsoft officially closes its $26.2B acquisition of LinkedIn
After getting its final European Commission approvals earlier this week, Microsoft and LinkedIn today announced that Microsoft’s $26.2 billion acquisition of LinkedIn, the social networking site, has officially closed. The news comes six months after news first broke of the deal. In an internal memo, LinkedIn CEO Jeff Weiner went through …
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