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REUTERS/Charles Platiau One of the UK’s richest men, Simon Nixon, has backed fast-growing food delivery startup Deliveroo. Filings show that Nixon took a small stake in Deliveroo when it raised a massive $ 482 million funding round in 2017. Nixon is the cofounder of price comparison site Moneysupermarket.com and has backed several tech startups. There […]
Richard Feloni/Business Insider AOL cofounder Steve Case runs the DC-based venture capital firm Revolution and has “Hillbilly Elegy” author JD Vance run his $ 150 million Rise of the Rest Seed Fund. Case is convinced the future of American startups is outside of Silicon Valley. For the past four years, Case and his team have […]
Business Insider/Jessica Tyler On a recent episode of ABC’s “Shark Tank,” Mark Cuban and Barbara Corcoran invested in avocado-based Brooklyn eatery Avocaderia. Each investor offered $ 200,000 for a 10% stake, giving the restaurant a $ 2 million valuation. The Brooklyn-based restaurant serves a wide variety of dishes that all use avocado, seeing success since day […]
CANCER Research UK is investing £45 million into finding a cure for some of the most hard-to-treat types of the disease. The money – one of the largest investments in clinical research to date – will be ploughed into human trials into pancreatic, oesophageal and lung cancer and brain tumours.
Memphis Meats/Facebook Tyson Foods announced on Monday that it has invested in Memphis Meats, a startup that makes cultured meat. Past investors have included Bill Gates, Richard Branson, and the food and agricultural giant Cargill. Proponents of plant-based and lab-grown meat say that they are environmentally -friendly alternatives to traditional meat. The meatless protein industry […]
Getty Japanese tech behemoth SoftBank has invested €460 million (£409 million) into used car marketplace Auto1, valuing the startup at €2.9 billion (£2.6 billion). Founded in Berlin in 2012, Auto1 has sold hundreds of thousands of cars on its platform. Revenues in 2016 came in at €1.5 billion (£1.3 billion). Backed by the likes of […]
Although 2017 is deemed to have been one of the worst years for tech (think Uber, sexual harassement, and net neutrality), startups in Silicon Valley haven’t suffered from a shortage of capital. Quite the opposite, actually. According to a report released by PitchBook and the National Venture Capital Association (NVCA), 2017 saw the highest annual amount of […]
(credit: ZaldyImg) The researcher who conducted a controversial 2016 herpes vaccine trial on the island of St. Kitts without federal safety oversight had secretly begun the trial in the US three years earlier. He began them in hotel rooms not far from his academic lab. That’s according to a new investigation by Kaiser Health News. […]
Getty The “Paradise Papers” show that the Kremlin invested millions into Twitter and Facebook via two major state-owned companies. The money was invested through Yuri Milner, a Russian-American billionaire tech investor who is also associated with Jared Kushner. Milner sold his holdings in both companies years ago and has no apparent connection to Russia’s propaganda campaign that […]
Virgin Group Hyperloop One just struck a major deal with Richard Branson’s Virgin Group. Virgin Group announced Thursday that it has invested in Hyperloop One, a startup that’s working on constructing the high-speed transit system Elon Musk first outlined in a white paper in 2013. The terms of the deal weren’t disclosed, but the investment […]
