Facebook will pay $19 billion in cash and stock for mobile-messaging startup WhatsApp, producing a huge return for Sequoia Capital. WhatsApp raised just a single round of venture capital totaling $8 million from Sequoia and an unidentified investor in April 2011 at a valuation of $78.36 million, according to Thomson Reuters.
3 min read · 20 February 2014
Ridesharing service Sidecar has raised $10 million from investors including Union Square Ventures, the company announced Wednesday.
2 min read · 19 February 2014
ZenPayroll, which provides cloud-based payroll services to small- and medium-sized businesses, said Wednesday it had secured $20 million in its first round of venture funding from General Catalyst Partners and Kleiner Perkins Caufield & Byers.
2 min read · 19 February 2014
Kohlberg Kravis Roberts-backed Pets at Home is planning a London stock market debut that values Britain's biggest pet shop group at about 1.5 billion pounds ($2.5 billion), seeking to cash in on an improving outlook for consumer spending and the nation's love of pets.
3 min read · 19 February 2014
Robocoin said on Tuesday that later this month it will install the first automated teller machines in the United States that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency.
2 min read · 18 February 2014
Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish start-up is preparing for a share listing, which one banker said could value the firm at $8 billion.
2 min read · 18 February 2014
Battery Ventures has promoted Chelsea Stoner to general partner, the firm announced on Tuesday, making her a rare senior female partner in the ranks of venture capital.
1 min read · 18 February 2014
U.S. chemical manufacturer Ashland Inc , which is under pressure from activist investor Jana Partners, said it would sell its water technologies unit to a fund managed by Clayton, Dubilier & Rice for about $1.8 billion.
1 min read · 18 February 2014
Mobile gamemaker King Digital Entertainment Plc, best known for the hit puzzle game Candy Crush Saga, said it planned to raise up to $500 million in an initial public offering.
2 min read · 18 February 2014
Russian hypermarkets chain Lenta, part-owned by U.S. private equity firm TPG, has set a price range for its planned London share market offer, valuing the company at up to $5 billion, Reuters reported.
3 min read · 14 February 2014
