Viktor Prokopenya's VP Capital And The Gutseriev Family's Larnabel Ventures Announce $5M Investment In Banuba
Larnabel Ventures, a fund founded by the Gutseriev family to invest in the information technology sector, and VP Capital, a technology-focused investment vehicle founded by Viktor Prokopenya, today announced that they have made a <span class="xn-money">$5 million</span> investment in Banuba, a startup that develops technologies for augmented reality-enabled mobile applications.
The White House announced today new and expanded plans to improve diversity and inclusion within the startup economy, focused on higher education, investment and entrepreneurship.
Paul Singer’s activist investor Elliott Management has revealed a stake of more than 4% in information technology company Cognizant Technology Solutions, saying in a letter to management that it believes the firm’s intrinsic value is at least 50% higher than its current market capitalization and laying out a series of recommendations to get it there.read more
Despite a decline in information technology budgets, the venture capital firm Andreessen Horowitz is looking to fund new startups in enterprise computing and software.
Institutional investors can learn more at: fcvcadvisors.com In July 2012, FundersClub launched the world's first online venture capital platform. Our mission? Discover, fund, and support the world's top startups. We are thrilled to share our community's story...
As private equity activity in the U.S. has slackened, every sector has experienced a decline in overall volume of investments, barring one. Only information technology is seeing a rate of PE dealmaking comparable to that of last year.
The University of Michigan’s $10 billion endowment added to its investments in venture capital, private equity and real estate as it struggles to recover from losses. Michigan invested $177 million in commitments mostly to the private funds, with $45 million going to two energy pools, according to the Board of Regents agenda for its meeting Thursday. The marketable securities portfolio, which makes up 58 percent of the endowment, lost 2.7 percent in the fiscal year through May 31. Many schools say they are expecting negative returns in fiscal 2016 after the slowdown in China and the U.K.’s decision to leave the European Union stirred market turmoil. Michigan’s absolute return portfolio was down 4.1 percent through May 31, and equities, which comprise its largest allocation at 26 percent, fell 5.4 percent.
Scott Davis has been promoted to chief investment officer for the Indiana Public Retirement System. He was previously deputy CIO and served as interim CIO since September 2015. Davis replaces former ...
Reston, Va.-based information technology startup Cloudistics closed a $15 million funding round led by Bain Capital Ventures.
(Zacks) Chinese e-commerce juggernaut Alibaba Group Holding Limited’s BABA affiliate Ant Financial has reportedly invested in Shanghai Suntime Information Technology Co., a financial data provider. Though there hasn’t been any official announcement, media reports indicate that the deal is worth about $35 million and covers a 20% stake in Shanghai Suntime. If the news is true, Ant Financial is now the second largest shareholder in Shanghai Suntime, after the data provider’s Chairman Liao Bing. The new move could add a wide gamut of financial products to Alibaba’s portfolio, helping it to fetch more revenues. It will also push the company...