Reuters News
British online luxury fashion company Farfetch said it raised $86 million from investment firm DST Global and existing shareholders, valuing the company at $1 billion.
Britain agreed to sell its 40 percent stake in the Eurostar rail link for 585 million pounds ($899.79 million) to a consortium of Canadian public pension fund Caisse de Depot du Placement du Quebec and British asset manager Hermes, Reuters reported.
John Doerr took the stand Tuesday in Ellen Pao's discrimination suit against Kleiner Perkins Caufield & Byers, as the trial continues.
Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm.
Trae Vassallo, a former GP at Kleiner Perkins, took the stand this week in Ellen Pao's discrimination lawsuit against the firm, to testify how she also received advances from Ajit Nazre.
Two Canadian technology companies have secured millions of dollars to expand promising operations in online authentication and business performance monitoring, Reuters reported. Toronto's SecureKey Technologies raised $19 million from existing investors, including Rogers Venture Partners and Blue Sky Capital, while Ottawa's Klipfolio raised $6.2 million in a deal led by new investor OMERS Ventures.
Pinterest Inc, a photo pin-up site, is in talks to raise $500 million in a round of funding that would more than double its valuation to $11 billion, the Wall Street Journal reported, citing people familiar with the matter.
Canadian technology startup Miovision, which produces software that converts video of vehicle traffic into data, has received $30 million in funding to help support its growth plans, Reuters reported. The funding, its biggest to-date, was led by Canadian merchant bank MacKinnon, Bennett & Co. Investeco Capital, Renewal Funds, Plaza Ventures and Comerica also participated. The Kitchener, Ontario-based Miovision has more than 500 customers in 50 countries.
Canadian technology start-up Miovision, which produces software that converts video of vehicle traffic into data, said on Tuesday it received C$30 million ($23.83 million) in funding to help support its growth plans.
San Francisco-based AppDirect, which helps developers and businesses create, use and sell apps, said it raised another $50 million in a funding round led by Mithril Capital Management, the same firm in charge of its last round.