Reuters News
(Reuters) - One of Silicon Valley's hottest venture capital firms, Andreessen Horowitz, is bringing a little more government expertise to its operations after hiring former Washington, D.C. Mayor Adrian Fenty. Fenty, who served as mayor from 2007-2011, is joining Andreessen as a part-time special advisor, he and the firm said.
J.P. Morgan Chase and Blakeney Management have invested over $20 million in a Dubai-based e-commerce firm which sells designer clothing, writes Reuters. Namshi, a start-up launched late in 2011, aims to benefit from growth in the number of Internet users around the region.
E-commerce start-up Decide.com is launching a guarantee claiming it will help online shoppers beat online price swings, writes Reuters. Decide.com crunches data to tell shoppers the best products to buy and also when to buy them. Decide.com was co-founded by Internet search expert Oren Etzioni and backed by investors, including Starbucks' chairman Howard Schultz's Maveron, a venture capital firm, according to Reuters.
Google has bought startup VirusTotal, writes Reuters. VirusTotal operates by accepting requests for virus checks, running every available protection software on the questioned document or pages, then distributing the results to security vendors, reports Reuters. Reuters – Google Inc has bought startup VirusTotal, picking up a fledgling but widely used cybersecurity industry player in a […]
Accedian Networks, a private Canadian company that makes devices to monitor and speed up data over computer and mobile networks, is to list its shares in Canada and the United States within two years, writes Reuters. The company is backed by US and Canadian venture capital firms including Summit Partners and RHO Capital Partners and […]
Some big name VCs (including one investor north of the border) back Canadian startup Desire2Learn as it looks to continue its explosive growth.
Spanish telecoms firm Telefonica said it would invest 68 million euros ($86 million) in venture capital funds in a move to grow its digital division and distance itself from the struggling economy of its home country.
U.S. securities regulators voted 4-1 on Wednesday to propose lifting a long-standing ban on general advertising for private securities offerings.
Next into the pipeline: Arizona-based online protection services firm LifeLock, which looks to lock in $175 million in its IPO.
Jakks Pacific Inc. said private equity firm Oaktree Capital Management LP made a revised proposal for a confidentiality and standstill merger agreement on Aug. 13, two months after talks collapsed, Reuters wrote Friday. Jakks also said it was notified that Oaktree sold its entire stake in the toy company, but that the firm was making […]