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Garena, a Singapore-based company that makes mobile gaming, e-commerce, and payment apps, said today that it has raised a $170 million Series D. The funding was led by Khazanah Nasional Berhad, the Malaysian government’s strategic investment fund. Other startups Khazanah has recently made big bets on include travel search engine Skyscanner and Chinese online lending
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San Francisco-based Branch International, or Branch.co, raised $9.2 million to bring digital financial services to mobile phone users in Sub-Saharan Africa. Andreessen Horowitz led the Series A round. Branch’s free-to-download Android app is a kind of “branchless bank for the next generation,” says founder and CEO Matt Flannery. The app asks users for permission to access and analyze
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It’s easy to get caught up in the new, cool thing aspect of transportation tech and apps, but there’s some real social benefit and freedom to be found here. Take, for instance, Moovit’s latest upgrade. The public transportation app recently added features to make it easier for blind users to take transit using VoiceOver (iOS)
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On a recent episode of our podcast we spoke about the VR industry with Matt Hartman, director of seed investments at Betaworks. When evaluating VR companies, Hartman looks for whether the company is delivering a “10X experience.” Ultimately, can you deliver 10 times the value of comparable offerings with your solution? For VR companies, the vision of
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Planday, the Danish startup that offers a cloud-based “shift planning” solution for various types of businesses that employ a flexible workforce, such as restaurants, hotels, stores, call centers and gyms, has scored $14 million in Series B funding. The round was led by new investor Idinvest, with participation from existing backer Creandum, which led Planday’s
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Our team has been active as investors in the Internet of Things and hardware space over the past two years. We have read pitches from hundreds of companies, met with dozens, read hundreds of research reports and spoken with various experts. We have invested in six IoT/hardware companies from our global seed fund and seven from
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This morning, the Federal Trade Commission filed a lawsuit against Volkswagen Group of America, charging that it “deceived customers with the advertising campaign it used to promote its supposedly ‘clean diesel’ VWs and Audis,” according to the FTC press release. As I’m sure you recall, these are the vehicles that were caught cheating on emissions tests
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Google Fiber may be the holy grail of Internet service for many, but many people still rely on landlines for everyday communication purposes or emergency use. In order to allow its subscribers to sever connections with the old local ISPs and telecoms completely, Google will soon offer home phone service for Fiber subscribers. For $10
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As Pinterest continues to ramp up the parts of its business that generate revenues (namely advertising), it’s also expanding the free features that might entice users and brands to linger around for longer and engage more on it’s image-based social network for sharing ideas. Today, Pinterest unveiled a new kind of dynamic Rich Pin called a How-to
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Screens, cameras, and connectivity on our smartphones are getting better and better (yay!), but battery tech is lagging behind (boo!). As a heavy smartphone user, you’ll know that dreaded feeling of your battery marching relentlessly from healthy life, via threatened and endangered, towards extinction. The most common solution to the problem is to carry a charger or a
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Vine, the six-second, looping video platform from Twitter, has just hired Hannah Donovan as the new general manager. Donovan has built her career in product and design leadership. Her most recent position was product lead at Drip, which was recently acquired by Kickstarter. She has also held positions at MTV, last.fm and helped co-create This
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Meet Stratumn, a Paris-based startup that wants to create a platform-as-a-service for developers interested in the blockchain. With Stratumn, you can build, deploy and run applications on the company’s platform, and these applications can communicate with the bitcoin blockchain. It’s like Heroku, but for blockchain developers. The company just raised $670,000 (€600,000) from Otium Venture