Fashion For Home, the online designer furniture store, has scored a new funding round led by the Munich-based VC Acton Capital Partners, while Holtzbrinck Ventures has also participated. And with it we have an exit of sorts.
That's because, as part of the round, the Samwer brothers’ incubator, Rocket Internet, has sold its shares, although terms of the transaction aren't being disclosed -- unsurprising given the Samwers' notorious reputation for secrecy. It's also especially curious when you factor in last year's leaked memo where Oliver Samwer described ambitions to become "number one” in the e-commerce sector for furniture with a strategy he controversially likened to "blitzkrieg".
Fashion For Home's new funding round as a whole is said to be in the "lower double-digit millions", so also make of that what you will.Latest Blog Entries
Fashion For Home Scores New Funding As Samwer Brothers’ Rocket Internet Exits
Posted On 01 Jul 2012 By Steve O'Hear. Under: Uncategorized.
Fashion For Home, the online designer furniture store, has scored a new funding round led by the Munich-based VC Acton Capital Partners, while Holtzbrinck Ventures has also participated. And with it we have an exit of sorts.
That's because, as part of the round, the Samwer brothers’ incubator, Rocket Internet, has sold its shares, although terms of the transaction aren't being disclosed -- unsurprising given the Samwers' notorious reputation for secrecy. It's also especially curious when you factor in last year's leaked memo where Oliver Samwer described ambitions to become "number one” in the e-commerce sector for furniture with a strategy he controversially likened to "blitzkrieg".
Fashion For Home's new funding round as a whole is said to be in the "lower double-digit millions", so also make of that what you will.No Comments
How To Build A Successful Company From The Ground Up
Posted On 01 Jul 2012 By Jay Fulcher. Under: Uncategorized.
Editor's note: This is a guest post by Jay Fulcher; Fulcher is the CEO of Ooyala, a rapidly growing video technology startup that has more than 500 customers worldwide. You can follow him on Twitter @jbfulcher. His previous TechCrunch articles include “A Fistful of Streaming Media Dollars,” “Fear and Loathing in Online Video
Fred Wilson, co-founder of Union Square Ventures and investor in Tumblr, Foursquare, Twitter and Zynga, wrote a great post on his blog the other day about how startups can retain their best employees.No Comments
Sony buys Gaikai cloud gaming service for $380 million
Posted On 01 Jul 2012 By Sharif Sakr. Under: Uncategorized.
Cloud-based gaming service Gaikai has had plenty of spring in its step recently, and now we know why: it's been tying up a deal to sell itself for a rather substantial sum of cash. The $380 million agreement is slightly below the $500 million bandied...
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Sony buys Gaikai cloud gaming service for $380 million
Posted On 01 Jul 2012 By Sharif Sakr. Under: Uncategorized.
Cloud-based gaming service Gaikai has had plenty of spring in its step recently, and now we know why: it's been tying up a deal to sell itself for a rather substantial sum of cash. The $380 million agreement is slightly below the $500 million bandied...
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Beats’ Acquisition Of MOG Confirmed: The Aim Is A ‘Truly End To End Experience’
Posted On 01 Jul 2012 By Ingrid Lunden. Under: Uncategorized.
Looks like the reports that have been in play for months now have finally been confirmed: Beats Electronics, known best for their hip Dr Dre headphones and partly backed by HTC (who had also been a rumored MOG buyer), is indeed buying the music streaming service MOG, with the acquisition now confirmed by both sides.
The move will give MOG -- struggling to grow against the runaway success of Spotify -- a new lease of life tied to a specific hardware maker; and Beats another step up on the consumer electronics experience, following in the mold of Apple in providing the whole package from one brand.
"The addition of MOG's music service to the Beats portfolio will provide a truly end-to-end music experience," David Hyman, the founder and CEO of MOG told USA Today. Although the deal has been in play since March of this year, this was in fact the first confirmation by either side that they are linking up. We're still contacting both companies for a direct confirmation.No Comments
How to Use Google to Find Out Who You Were in a Previous Life
Posted On 01 Jul 2012 By TecheBlog Staff. Under: Uncategorized.
So, you're stuck at work for another day before getting to spend the next few days at home for the 4th of July. Here's how you can use Google to have a few minutes of fun, searching for who you were in a previous life, or so we'd like to think. C...
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Apple pays $60 million in iPad trademark dispute, makes peace with Proview
Posted On 01 Jul 2012 By Sean Buckley. Under: Uncategorized.
Earlier this year, iPads were flying off the shelves in China -- but not for the expected reasons. The slates were being removed from stores following an injunction granted to Shenzhen Proview Technology, a local firm that had laid claim to the iPad ...
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Apple pays $60 million in iPad trademark dispute, makes peace with Proview
Posted On 01 Jul 2012 By Sean Buckley. Under: Uncategorized.
Earlier this year, iPads were flying off the shelves in China -- but not for the expected reasons. The slates were being removed from stores following an injunction granted to Shenzhen Proview Technology, a local firm that had laid claim to the iPad ...
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Geeky and Creative Facebook Timeline Covers
Posted On 01 Jul 2012 By TecheBlog Staff. Under: Uncategorized.
For those who were forced to upgrade to Facebook's Timeline, searching for good cover art is hard to say the least. Well, we've rounded up some of the geekiest examples to get you inspired - plus a tutorial on how to create your own using Photosh...
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Uber Opens Up Platform To Non-Limo Vehicles With “Uber X,” Service Will Be 35% Less Expensive
Posted On 01 Jul 2012 By Alexia Tsotsis. Under: Uncategorized.
Declaring its independence from the traditional Lincoln Town Car (sorry, couldn't resist), Uber is going beyond black cars this Fourth of July, bringing its up until now secret "Uber X" project public.
"Uber X" will allow Uber partners to use its dispatching software in order to dole out vehicles beyond Lincoln Town Cars, giving passengers a choice between Toyota Prius Hybrids and SUVs like the Cadillac Escalade, etc.No Comments
