After spending the better part of the past five years exercising his entrepreneurial muscles, Pablo Srugo has decided it's time to change up his business-building regimen. Srugo, who launched fitness technology startup Gymtrack with partner Lee Silverstone five years ago and helped grow the business to more than 35 employees, left the firm earlier this summer to join Ottawa-based venture capital fund Mistral Venture Partners as an associate.
Prominent Silicon Valley venture capital firm Andreessen Horowitz is launching a new venture capital fund that will target black celebrities, athletes and media personalities to boost diversity in tech, according to the Wall Street Journal . Initial limited partners in the fund include basketball star Kevin Durant, actor Will Smith and Essence magazine publisher Richelieu Dennis, the newspaper reported Monday, citing unidentified people familiar with the matter.
Africa's startup scene is growing by leaps and bounds and three tech leaders are set to share insights on this vibrant space at Disrupt San Francisco. CEO Ken Njoroge will take the stage September 7 to discuss topics such as fintech, Africa's founder experience, data privacy, VC investment, and the continent's future unicorn and IPO prospects.
Brenda Irwin is the founder and general partner of Relentless Venture Fund, a Vancouver, British Columbia, Canada based early-stage fund investing in preventative health and proactive technology solutions. Irwin's fund was one of the ten female founded venture capital funds I highlighted in my Forbes post " Ten Female Founded Venture Capital Funds You Should Have In Your Network ".
FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File Photo esure was founded when its top shareholder Peter Wood and Halifax bank launched online insurer esure.com in 2001.
Shares in esure took off on Monday after the insurer said it is in advanced discussions over a A 1.2 billion takeover by private equity firm Bain Capital. Shares in esure took off on Monday after the insurer said it is in advanced discussions over a A 1.2 billion takeover by private equity firm Bain Capital.
Orchard Therapeutics , a leading commercial-stage company dedicated to transforming the lives of patients with rare diseases through innovative gene therapies, today announced the completion of an oversubscribed $150 million Series C financing. Deerfield Management led the financing with significant new investments from RA Capital Management, Venrock, Foresite Capital, Perceptive Advisors, Cormorant Asset Management LP, ArrowMark Partners, Sphera Global Healthcare, Medison Ventures, Driehaus Capital Management and Ghost Tree Capital Group, LP, as well as additional U.S. based healthcare focused funds.
Fifth Wall Ventures, a California-based venture capital firm that manages dedicated property technology funds, is seeing a growing interest from Hong Kong and Asian property developers seeking to access new technologies. Its second fund, targeted at US$400 million, is anticipating investments from "a handful of" Hong Kong developers, according to market sources.
Analysts forecast that Visteon Corp will report $742.70 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Visteon's earnings.
Frontier Capital Management Co. LLC lowered its holdings in Agnico Eagle Mines Ltd by 1.8% during the second quarter, according to the company in its most recent filing with the SEC.