From Online payment to eCommerce

Angry Birds-maker Rovio priced IPO, valuing company at $1 billion

 Angry Birds-maker Rovio Entertainment priced its IPO at 11.50 euros, at the top of its proposed range. It raises 30 million euros in proceeds.
This values the company a little above $1 billion, just half of the $2 billion the company was previously said to be hoping for. The company previously raised at least $42 million in venture funding from Accel, Atomico, Felicis Ventures and… Read More

Varsity Tutors acquires First Tutors in the UK to start expanding internationally

 Varsity Tutors, the education platform that connects students with tutors, has today announced the acquisition of First Tutors in the UK. This marks the first major international expansion for Varsity Tutors, which has raised $57 million since la...

Airbus and HAX create an accelerator program for flying taxi tech

 Aeronautics industry giant Airbus is teaming up with hardware early-stage investment firm HAX to create a four-month accelerator program based in Shenzhen focused on a high-flying goal – “urban air mobility.” The program will seek to guide startups working on various aspects of flying cars and aerial city transportation, including air traffic management, perception systems… Read More

Where are they now? A few months after Echelon, we check in with a couple TOP100 companies and see what’s up

One TOP100 startup inked a deal with a global insurance company while the other is helping Malaysians improve their driving TOP100 at Echelon was quite the blast back in June. It’s always fun to see the startups pitch, talk to the crowd about their favourite companies and see the smiles from the winning teams. But […]

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Captain’s Log, Sept 28: Xiaomi, Shunwei in talks to invest US$18M in ShareChat; Grab is an investor in oBike

In India, various e-commerce firms such as Flipkart and Ola have come together to form a lobby group, seeking protection from global rivals Xiaomi, Shunwei Capital may invest US$18M in India’s social network ShareChat ShareChat, a vernacular social network for first-time internet users in India, is in advanced talks to raise US$18 million from Chinese handset maker Xiaomi and Shunwei Capital, a VC fund […]

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CallDesk raises $2.5 million for its AI agent for customer support calls

 It’s time to put an end to these dumb automatic customer support calls that ask you to press 1, then press 4, then press 2, then say “yes”… CallDesk is working on a virtual agent for customer support calls. Think something like Siri for customer calls. Point Nine Capital and EQT Ventures are investing in today’s funding round of $2.5 million (€2.1 million). There… Read More