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Tony Elumelu Foundation to support African entrepreneurs with $5,000 seed capital

The Tony Elumelu Foundation (TEF) has announced the opening of application to support young businesses in Africa with $5,000 seed capital as part of its third cycle entrepreneurship programme. The programme is currently accepting application from African entrepreneurs with business ideas that has the potential of transforming the fortunes of Africa. Tony O. Elumelu, the Founder… Read More »

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Samsung launches $150m global VC fund

Through its Korean tech giant Samsung Electronics has launched a $150 million global venture capital fund via its US-based incubation and acceleration unit Samsung Next, formerly branded as Samsung Global Innovation Center. With an aim to increase Samsung’s global support to early stage startups pursuing advanced software and service related sectors, Samsung NEXT Fund will… Read More »

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Apple to Invest $1 Billion in SoftBank’s Vision Fund

Apple has confirmed plans to invest in SoftBank’s massive $100 billion Vision Fund, joining a host of tech giants including Foxconn Technology Group Ltd. and the family office of Oracle Corp who are also interested in the fund. The fund, a joint effort between SoftBank and the government of Saudi Arabia’s Public Investment Fund (PIF),… Read More »

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Nokia to acquire Deepfield to power network and service automation with real-time, big data analytics

  Nokia is already a major player in the automotive industry providing location intelligence for connected vehicles through HERE. The NGP fund, working closely with HERE, will seek to make investments that also support the growth of the ecosystem around HERE’s mapping and location products and services. Nokia today announced plans to acquire Deepfield, the… Read More »

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Kolkata-based healthtech startup tiyo raises seed funding

Android phone physical keyboard Kolkata-based healthtech startup Tiyo, which was launched in May 2015 by Ranna Dutta, Sandip Bodak and Sunil Mishra, has raised $120,000 of angel funding, after being bootstrapped for almost a year. The round was led by veteran entrepreneurs from Middle East- Anish K and Ajith Nair, CEO iAdepto Global, Rana Dutta,… Read More »

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Fillr Raises A$5M in Series A Financing

On Monday, Autofill technology creator Fillr announced a $5 million Series A fundraising round from a consortium of international investors including SoftBank China Capital, Southern Cross Venture Partners and Reinventure. SoftBank China, the single largest investor in e-commerce giant Alibaba, joined forces with current investors, Constant Innovation, the early stage venture fund launched by the… Read More »

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Periscope Data Secures $25 Million in Series B Funding

 Periscope Data, the industry’s first data analysis platform designed specifically for data scientists, announced today it has secured $25 million in Series B funding. Bessemer Venture Partners led the round, with participation from existing investors including Draper Fisher Jurvetson, Susa Ventures, Innovation Endeavors, and AngelPad. Ethan Kurzweil, partner at BVP, will join the company’s board… Read More »

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The Ludgate Hub unveils new €450,000 start-up fund

The Ludgate Hub in Skibbereen has released €450,000 in capital for start-ups, with the opportunity to meet the investment team on 11 November. Start-ups looking to scale, attract talent or develop products are welcomed to apply for The Ludgate Hub’s latest funding drive. Selected companies for the fund will locate in Skibbereen, where the Ludgate… Read More »

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sixQ Software Secures $1 Million in Angel Funding and Expands Management Team

on Monday, sixQ, the company behind the world’s first QuestionScience® assessment platform, announced a $1 million funding round to accelerate sales, marketing and engineering efforts. In addition, the company has relocated its headquarters to downtown Boston at 180 Lincoln St., near the city’s renowned Innovation District. sixQ also announced two key additions to the firm’s… Read More »

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FleetRover raises $60,000 from the OCE SmartStart Seed Fund

FleetRover, a technology based logistics company has been awarded $60,000 from the Ontario Centres of Excellence (OCE) SmartStart Seed Fund as a result of collaborative efforts with ventureLAB and OCE team members. FleetRover offers a dashboard to dispatchers of trucking companies through a technology platform built to ignite a push towards a new operational focus… Read More »

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