Social Nation is InVent’s 10th portfolio company and its first investment in the United States. The previous investments include local business review portal Wongnai, golf-course booking platform Golfdigg and mobile-first engagement solutions Playbasis.
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Senior White House officials and U.S. intelligence and law enforcement figures will meet with Silicon Valley executives on Friday to discuss how to counter the use of social media by militant groups, sources familiar with the meeting said on Thursday. In an escalation of pressure on technology firms to do… Read more »
Social Finance Inc. is taking it slow after a rough year for financial technology companies. The online lending company known as SoFi, which specializes in refinancing student loans, is pushing back plans for an initial public offering in order to focus on developing other business lines, said Chief Executive Officer Mike Cagney…. Read more »
Thirteen Philippine startups – in sectors like agriculture, education, information technology, healthcare, and clean energy – are set to compete in a series of global competitions this year. They were chosen as national winners during the Startup Summit Philippines competition in Manila, organized by the Young Entrepreneurs Society Philippines (YES Philippines) , from… Read more »
Spectee is expanding to the US and new Asian markets, while MPM Capital has partnered with Astellas Pharma to lauch DigiTx Partners
This follows a round of investment that the startup raised from Anand Mahindra, chairman of carmaker Mahindra & Mahindra Ltd., in December. Nadir Godrej, managing director of Godrej Industries, had seed-invested in 2013.
State-backed funds and enterprises are championing some of the biggest private investment rounds, tapping into China’s buoyant Internet sector for better returns. That includes backing the record $4.5 billion raised by Alibaba Group Holding Ltd.’s finance affiliate on Tuesday. China’s governments are armed with about $339 billion, the biggest pot of money for startups in the world.
Facebook Inc., Microsoft Corp. and venture capitalists at Allotrope Partners set up a facility to finance energy access projects in Indonesia, India and East Africa. The Microgrid Investment Accelerator, or MIA, will seek to mobilize $50 million from 2018 to 2020, according to an emailed statement. It will tap grants… Read more »
Microblogging website Twitter Inc. revenue from India almost tripled in the last fiscal as online advertising has become more popular with businesses. Twitter Communications India Pvt. Ltd, the Indian unit of Twitter, said that its revenue rose to Rs.13.26 crore ($2 million) for the year ended 31 March from Rs.4.17 crore… Read more »
Silicon Valley is no longer the clear leader among global centers of technology and innovation, entrepreneurs from China, Japan and Israel said. Required military service that puts teens at the cutting edge of technology and a global outlook are two things that differentiate Israel’s tech sector, said Inbal Arieli, vice… Read more »