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Oct 23, 8:33AM
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European online footwear and bag retailer, Spartoo -- the 'Zappos of Europe' -- has raised €25 million ($32.5 million) in Series C funding led by investment holding company Sofina. Existing investors A Plus Finance, CM-CIC Capital Privé, Highland Partners and Endeavour Vision also participated in the round. The company has raised €45 Million to date, since being founded back in 2006.
Oct 23, 7:24AM
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Today
iZettle, one of the several Square-like mobile payments companies in Europe, announced that it was expanding its Series B round of €25 million and adding American Express as its newest investor. iZettle and AmEx are not disclosing the value of the new investment. It is joining Greylock, Northzone, MasterCard, SEB Private Equity in the round, which was
originally €25 million ($31.4 million). Series A investors in iZettle included Index Ventures and Creandum. The expansion of the Series B is a sign of how competition in the mobile payments world continues to heat up and those looking to make headway are ramping up their financial positions to meet the demand.
Oct 23, 7:13AM
Nokia's ongoing efforts to restructure and invest in a new direction for its mobile phone business is pushing the company into borrowing against its reserves: today the Finnish company
said that it would make an offering in Europe of senior unsecured convertible bonds amounting to €750 million ($979 million), which it said that it would use to service debt "while preserving existing pools of liquidity and for general corporate purposes."
Oct 23, 5:00AM
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It's inevitable, right? With cameras becoming ever smaller and storage becoming ever cheaper, there will come a day when all of our life's memories are digitally preserved.
Memoto, a Stockholm-based startup inspired by the Quantified Self movement, is taking a stab at this opportunity with a postage-sized camera that wearers will carry around with them constantly.
Oct 23, 4:18AM
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Those eighteen words got a founder and I kicked off of the trading floor of the
NYSE earlier this evening. Because, as we shuffed out of the
Girls Who Code event held there earlier tonight, we looked at the jumble of computers and stock tickers on the first floor of 18 Bond Street and exclaimed in awe, "So this is where it all goes down, huh?" And of course, because we're tech people and troublemakers we're like, "So how does it work?" specifically joking, in light of all the recent tech stock collapses, "Which one of these do I have to spill water on (okay, we may have said wine) to make people irrationally buy
Facebook?"
Oct 23, 4:01AM
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Tely Labs has added new features to its conferencing suite and pitching its wide-angle video cameras up-market, to a new set of customers who might pay a little more than the average consumer. And it's raised some funding -- $15 million from Comcast Ventures and Rogers Ventures Partners -- to take its low-cost conferencing equipment to market.
Oct 23, 1:49AM
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Some consolidation afoot in the world on online payments coming at you, with a little blast from our social networking past.
Rixty, a cash-based payment platform for games, virtual goods and other digital content, today received a majority-stake investment from
MOL AccessPortal, the e-payment subsidiary of MOL Global, the company that bought social network
Friendster in
2009 and then converted it into an online gaming site,
selling Friendster's social media patents to Facebook in the process.
Oct 23, 1:24AM
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I've never really been a fan of tapping a "Like" button on Facebook. Mostly because it doesn't always mean that I like something. I use that button as a way to say "hey I looked at this and it meant something", but maybe I use Facebook incorrectly. Today,
The Next Web surfaced what seems to be a test on Twitter, with the labels of "like" and "star" instead of the word "favorite" when it comes to tweets.
Oct 23, 12:21AM
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When
Instagram's roughly $750 million sale to
Facebook closed, it seemed that the photo-sharing chapter in mobile app history closed. Instagram had definitively won, while many startups like Mixed Media Labs' Picplz and Path either pivoted or completely redid their apps. But if you look at the top charts today, maybe this race isn't so finished. In fact, there are a couple of younger photo-sharing apps that have quietly blown up over the last month or two.
Oct 22, 11:28PM
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Google just
announced an update to Google News'
search results pages that makes some changes to the popular news site's layout. Most importantly, Google News search now features click-to-expand news results clusters. As the name implies, these clusters will feature related stories from more sources and users will have to click on the new "Show more" link to see them.
Oct 22, 11:01PM
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Pricing for the U.K.'s first 4G/LTE network has been revealed. The new 4GEE tariffs start at £36 per month for a plan with a mere 500MB of data, and rise to £56 for an 8GB plan. The 4GEE network, a joint venture between the Orange and T-Mobile carrier brands -- which merged to create the Everything Everywhere joint venture (now EE) back in 2010, is due to go live on October 30.
Oct 22, 10:10PM
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In what is arguably her largest major public speaking appearance since
taking over the CEO role at Yahoo this past summer, Marissa Mayer kicked off
the third quarter conference call with investors and analysts this afternoon by digging into a decidedly non-technical topic: People. In particular, Mayer utilized the first few minutes of the call to explain with enthusiasm why she's focused so much of her energy during her first 100 days as CEO on initiatives such as hiring new executives and bolstering Yahoo's internal company culture. The human element is central to bringing Yahoo back to its one-time spot as a top consumer Internet company, she said.
Oct 22, 10:03PM
Forrester Research analyst Frank Gillett
predicts that Microsoft's Windows 8 will get off to a slow start in 2013, but will take hold in 2014. Windows 8, Gillett argues, will keep Microsoft relevant on the PC, but it will remain "simply a contender in tablets, and a distant third in smartphones." Windows 8, he says, will "simply stop the shrinking," but it won't be a fix.
Oct 22, 9:13PM
Microsoft is already screwing it up. Microsoft can't win.
Windows 8 is sunk. Seriously: to read the headlines this last week you'd think Microsoft wasn't still one of the premier tech manufacturers in the world. While I would agree that it faces a number of challenges, both from Apple and its own OEM partners, Windows 8 will thud into the landscape with more a bang and much less than a whimper.
Oct 22, 8:22PM
Yahoo today reported its financial results for the third quarter of 2012, its first full quarter with
new CEO Marissa Mayer at the helm. Mayer is
back at work full-time after taking a short maternity leave following the
birth of her first child, and is expected to speak about the financial results on her first conference call with Yahoo investors as CEO later this afternoon.
Oct 22, 8:09PM
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Successful people, not just "lazy stoners", want pot laws to change. That's the message of
new website Marijuana Majority, which displays over 600 influencers including Peter Thiel, Sean Parker, Paul Bucheit, and Dustin Moskovitz who've supported marijuana law reform through donations or quotes. Now it wants Twitter'ers to persuade pot-favoring politicians, celebs, and technologists to stand up.
Oct 22, 8:04PM
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It's time to
fill up that new Square office, and it looks like the company is looking to add a slew of new engineer-types. I follow a Twitter account that spits out new jobs in the San Francisco/Valley area, and the last ten tweets have been for Square, and are engineer-related.
Oct 22, 7:58PM
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What's better than checking the weather and finding out it's going to be a beautiful day? Checking the weather with adorable puppies on it, of course. A Miami based startup has just launched
Weather Puppy, a brand new weather app that may just be my favorite app this year.
Oct 22, 7:52PM
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Tablets and PCs sporting the new operating system will also have access to some broadcast TV content from Hulu Plus, as well. On the company's blog today, Hulu announced that it will be launching its Windows 8 app on October 26, the same day that devices running the Microsoft operating system will finally become available.
Oct 22, 7:47PM
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Seven Italian scientists have been convicted of manslaughter for failing to predict and warn residents of a deadly 2009 earthquake in the city of L'Aquila. The scientific panel of the Grand Commission on High Risks faces 6 years of imprisonment for "inexact, incomplete and contradictory information" related to whether tremors weeks before the earthquake should have been grounds for evacuation.
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