Australian Telco Telstra Acquires Video Distribution Startup Ooyala
TechCrunch Streaming video distribution and monetization platform Ooyala is being acquired by Australian telco Telstra, which will invest $270 million to reach a 98 percent ownership stake in the company. This is up from the 23 percent it owned through a previous...
UK Coffee Subscription Service Pact Coffee Raises £2M Series A
Wake up and smell the funding. Pact Coffee, the UK coffee subscription service that delivers freshly roasted beans to your door, has closed a £2 million Series A round led by MMC Ventures. Previous investor Connect Ventures has also participated, as well as Songkick...
Rocket Internet’s FoodPanda Grabs $60M In Fresh Funding
TechCrunch FoodPanda, Rocket Internet’s food delivery service, has its paws on yet another round of funding. This time it is $60 million from existing investor Falcon Edge Capital as well as Rocket Internet AG. The money will be used to expand FoodPanda, as well as...
Nanomedicine Company MagForce Takes $15M From Thiel’s Mithril Capital
TechCrunch MagForce injects iron oxide nanoparticles into a patient and then vibrates them with a magnetic field to generate heat that helps kill cancer cells. It sounds like science fiction but it’s real. That’s why Peter Thiel‘s late-stage investment firm Mithril...