Private Equity
Hybrid automaker Fisker Automotive has hired law firm Kirkland & Ellis to advise it on a possible bankruptcy filing, a source said on Thursday, while executives continue their search for a strategic investor. The company, founded in 2007, has raised more than $1 billion in venture capital, including $103.67 million last September 2012 from Advanced Equities Inc., Kleiner Perkins Caufield & Byers and New Enterprise Associates.
3 min read · 29 March 2013
Jurvetson, a managing director at Draper Fisher Jurvetson and an investor in Elon Musk’s SpaceX, sees big opportunities opening up from low-cost space travel and reusable rockets.
2 min read · 27 March 2013
(Reuters) - Got a tech idea and want to make a fortune before you're out of your teens? Just do it, is the advice of the London schoolboy who's just sold his smartphone news app to Yahoo for a reported $30 million. The money is there, just waiting for clever new moves, said 17-year-old Nick D'Aloisio, who can point to a roster of early backers for his Summly app that includes Horizons Ventures, a venture capital firm owned by Hong Kong billionaire Li Ka-shing, Yoko Ono and Rupert Murdoch.
3 min read · 26 March 2013
New York-based BOLDstart Ventures, a seed and early stage investor focused on enterprise software and services, has raised $10.7 million toward a planned $15 million fund.
2 min read · 25 March 2013
Health care startups are developing new products and services to help hospitals, which face penalties under Obamacare for the readmission of patients
8 min read · 25 March 2013
SFERS has an active year, putting $104M to work in five funds, as venture portfolio sees modest gains
2 min read · 24 March 2013
Some fast-growing bets by the early-stage investor are paying off with huge dividends
3 min read · 23 March 2013
The Westly Group said it raised a $160 million cleantech venture capital fund with LPs that include Citi, E.ON, the utility company, and Korea based SK Group. The fund is 25% larger than the firm's previous fund.
2 min read · 22 March 2013
The firm’s newest fund, Accel London IV, will target early through growth stage investments in Europe and Israel. Partner Kevin Comolli says he's more bullish than ever about the region, where he sees talented entrepreneurs and startups that are less prone to the “hot deal syndrome” of soaring valuations than their Silicon Valley counterparts.
3 min read · 21 March 2013
Private company valuations for security companies are up, but venture investors remain excited about putting to money to work. There is no secret why. Governments and corporations are under attack from cyber hacks, and IT budgets are being freed up for products and services to strengthened digital defenses.
2 min read · 21 March 2013
