Blend has raised $130 million in new venture capital funding. The cash injection likely puts the San Francisco-based fintech startup within striking distance of “unicorn” status, meaning a private valuation of $1 billion or more. The terms of the deal, including the latest valuation, were not disclosed. A source close to the deal told Fortune, however, that the latest round…
Analytic IP vendor UltraSoC Ltd. (Cambridge, England) has raised £5 million in equity funding from European venture capital firms to target expansion and security applications. Investors eCapital, with an interest in cybersecurity, and Seraphim Capital, a specialist investor in the space ecosystem, joined existing UltraSoC investors Indaco Venture Partners, Octopus Ventures, Oxford Capital, Techgate, and business angel Guillaume d’Eyssautier, in…
Culture Trip, a regionally focused travel and cultural content portal, has raised a chunky $80 million in a series B round of funding led by PPF Group, with participation from a number of individual angel investors. Founded in 2011, London-based Culture Trip’s goal is to “inspire people to explore the world’s culture and creativity.” To do this, the company offers…
Last year, Accenture reported that large organizations spend an average of $11.7 million on cybersecurity and that data breaches increased by 27.4% in 2017. Between 2015 and 2017, the costs of information loss alone rose from 35% to 43% of expenses. Although companies are increasingly aware of security risks and are directing funds to improving their systems, their security budgets…
President of a Canada's Seneca College, David Agnew on Sunday said, there is an "urgent need of quality training" in skill development and entrepreneurship. "There is an urgent need of quality training in skill development and entrepreneurship to meet the development goals of the country, and Canadian institutions are partnering with India's premier institutions to take this to the next…
Venture capital in Michigan is on a record-breaking round of fundraising. Four numbers indicate historical high-water marks for VC activity in the state: 12 — that's the number of firms either based in Michigan or with offices here that are currently raising new funds. 806,000,000 — that's the total number of dollars those 12 firms plan to raise over the…
In recent years, the Domestic Venture Capital market has considerably changed. Whole credit of this positive transformation in the capital market goes to the overseas cash inflow. Last Year, Manish Singhal, a venture capitalist was searching for means to increase the funds for his first venture. It was at that time, he thought that he has started on a complicated…