"We have increased the quantum of venture capital available to regional startups, creating a completely new playing field for Mena VC," said Abdulrahman Tarabzouni, chief executive of STV.
With more well-heeled tech startups keen to serve an untapped market, real estate investors, funds and property management groups have more tools at their disposal than ever.
This week, "Microsoft Monday" includes details about the Bill and Melinda Gates' annual letter, the Xbox One 1902 system update, LinkedIn's Live Video streaming feature and much more!
The co-founders of Because, a startup focused on incontinence products and other needs of seniors, are two Silicon Valley alumni of Uber, WeWork, and eBay who have sold 50 million adult diapers so far and raised over $30 million in venture capital from investors such as Eric Schmidt Vivek Ranadive.
A dozen former employees, investors in the fund, and other people close to the matter describe an investment firm in disarray. Seven years ago, a smooth-talking associate of Peter Thiel promised that he had launched the "capstone" to Thiel's investment empire, naming their new firm after a mythical metal in Lord of the Rings because it was flashy yet permanent. "It's invaluable," leader Ajay Royan told one interviewer about Mithril Capital. "It's lifesaving. It's sustainable.
Investors bought crude oil futures and options at the fastest rate for almost six months in the week to Feb. 12. Hedge fund managers are becoming steadily more bullish on the outlook for oil prices as Saudi Arabia makes deep cuts in production, sanctions hit Venezuela and Iran, and the U.S. and China inch towards a trade deal. Hedge funds and other money managers were net buyers of 32 million barrels of Brent crude futures and options in the week to Feb. 22, according to position records published by ICE Futures Europe.
The pension fund also made a $500-million commitment to Blackstone's latest commingled real estate fund, Blackstone Real Estate Partners IX. The post New York pension fund commits $64m to two Chinese PE funds appeared first on DealStreetAsia.
The stake is expected to be valued at at least $200 million, given that Mu Sigma entered the coveted unicorn club when Mastercard invested $45 million in February 2013. The post General Atlantic may sell stake in Indian analytics firm Mu Sigma to Carlyle, KKR appeared first on DealStreetAsia.
The startup raised over $10 million in its pre-Series B round from Indonesian unicorn GOJEK and others in April 2018 at a valuation of $100 million. The post GOJEK-backed Bangladeshi ride-hailing app Pathao seeks up to $50m in Series B round appeared first on DealStreetAsia.
The firm will use the fresh funding to expand to new markets, including Hong Kong, Australia, and South Korea, and to augment its AI capabilities. The post SG-based marketing tech platform SilverPush raises $5m in Series B appeared first on DealStreetAsia.