Ireland-based airline Ryanair is set to invest £10m each year in a technology innovation hub it is setting up in Dublin, media and marketing website The Drum reported yesterday. Ryanair Labs, which was formally announced on Monday, will seek to launch startups operating in the digital and IT sectors which can enhance the online travel… Continue reading Ryanair innovation hub readies for takeoff
Month: July 2014
Google Ventures formally announces $100m European unit
The corporate venturing fund’s London-based office will invest throughout Europe from a $100m base that could be heightened in future.
MBlox continues expansion with $43.5m
Mobile technology company MBlox took its overall funding to more than $130m following a $43.5m Norwest-backed capital raise.
Baidu swots ups with exam prep service Wanxue
Wanxue, already backed by conglomerate Legend Capital, has raised an undisclosed amount from Baidu in its series C round.
RetailNext sells $30m series D to investors
Big data retail company RetailNext took its total funding to almost $60m in a round backed by investors including Nokia, Qualcomm, Tyco and American Express.
Cloudian floats to $24m series C
Intel Capital made a second investment in the cloud storage platform, which will invest the cash in boosting its sales and marketing efforts.
Cehoval to direct Intel Capital’s Russian investments
Kirill Cehoval has left Altera Capital to take up a position as investment director for Russia and CIS for the corporate venturing unit.
Galvanize raises $10m for venture fund
The Bertelsmann-backed technology incubator has secured $9.7m of the $18m it has targeted for the fund.
HiWiFi takes smart route to $10m series A
Seminconductor maker Mediatek has invested alongside venture firm KPCB in a series A round for HiWiFi, which will invest the money in strengthening its technology.
Swisscom names Sophia as portfolio company
Swisscom participated in a series B round where Sophia Genetics raised $13.8m, taking its overall funding to more than $16.5m.
NewVoiceMedia raises $50m in Salesforce-backed series E
Salesforce made a strategic investment as part of the round, which increased NewVoiceMedia’s overall funding to more than $110m.
Twago enters strategic partnership with Randstad
Freelance website Twago has received the second investment made from recruitment company Randstad’s corporate venturing fund.
Linio secures Access for $79m round
Access Industries took part in a round that boosted the Tengelmann-backed e-commerce company’s total funding to $175m as it seeks to expand.
IDG drives $10m series A for YouChe
The online used car retailer is the third China-based used car seller to pick up venture funding in the past year.