backers

Jagex, the developers of massively multiplayer online role-playing game Runescape, could be acquired by a private equity firm for £900million. The Carlyle Group has owned the Cambridge-based developer since January 2021 but according to Sky News, CVC Capital Partners is looking to buy the studio in a bid to acquire more companies with a strong, international userbase. CVC Capital Partners is a ”leading global alternative investment manager” based in Luxembourg. They boast a portfolio worth over £142billion, covering…

Shein investors are trying to sell shares in private market deals that value the online fashion giant at as low as $45 billion, reflecting dwindling appetite for a company struggling with intensifying competition and regulatory scrutiny ahead of a long-awaited US debut.Shareholders offered stock at valuations ranging from $45 billion to $55 billion in late 2023, people familiar with the matter said. That’s down from the roughly $66 billion Shein achieved during a May round of fundraising. But they struggled to find buyers…

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Angel investors and early institutional shareholders in ecommerce company Meesho are in discussions with investors to divest their stake, people aware of the matter told ET.Talks are on for a transaction at a valuation of $3-3.5 billion, but this figure may change, people briefed on the matter said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking…

Carbon Maps is a relatively new entrant in the carbon accounting space as it is less than one year old. But the French company has already secured $7.6 million in funding (€7 million) following the startup’s €3 million seed round extension. I already covered Carbon Maps back in February, so I encourage you to read this previous article to get the full story. But I wanted to share an update as the company managed to convince Daphni to participate in the seed round. Carbon Maps had already raised €4 million ($4.3…

A new startup is targeting the lucrative workplace productivity space with an open source approach to project and knowledge management — and it has received backing from a who’s who of investors from across the technology spectrum. AppFlowy, as the company is called, has raised $6.4 million in funding from a slew of renowned founders including Matt Mullenweg (Automattic); Steve Chen (YouTube); Tom Preston-Werner (GitHub); Bob Young (Red Hat) and Amr Awadallah (Cloudera). The seed round was led by OSS Capital. Helping…

Neko Health, the medical diagnostics company co-founded by Spotify Technology SA Chief Executive Officer Daniel Ek, raised €60 million ($65.4 million) in venture capital to expand outside its home country of Sweden.Skype co-founder Niklas Zennstrom will join the company's board as a result of his investment vehicle, Atomico, participating in the round, as will Klaus Hommels, whose VC firm Lakestar led the early-stage investment. Palo Alto-based General Catalyst also participated. Neko Health didn't disclose a valuation.…

Alphabet Inc is cautioning employees about how they use chatbots, including its own Bard, at the same time as it markets the program around the world, four people familiar with the matter told Reuters.The Google parent has advised employees not to enter its confidential materials into AI chatbots, the people said and the company confirmed, citing long-standing policy on safeguarding information. The chatbots, among them Bard and ChatGPT, are human-sounding programs that use so-called generative artificial intelligence to…

Tesla Inc.'s charging technology won more backers as a handful of players in the electric-vehicle power industry said they would offer compatible equipment, further solidifying the automaker's system as the US standard.ChargePoint Holdings Inc., Blink Charging Co. and Wallbox NV each said Monday they will have chargers capable of working with Tesla's North American Charging Standard, which is quickly winning in competition with the so-called Combined Charging System. Australia's Tritium DCFC Ltd. also said it would offer…

The world of blockchain and cryptocurrency is no stranger to a buzzworthy project. Hollywood X PEPE, a cryptocurrency initiative that blends the world of entertainment with decentralized finance, is currently causing quite the stir. As the first presale stage draws to a close, having amassed over 4 million USD in 72 hours, it’s clear that this project is turning heads. When Hollywood meets blockchain technology, the result is an exciting landscape that opens a new horizon for innovation. Hollywood X PEPE, the novel…