Archive for February 2016

Review: Eero’s Innovative Wi-Fi System Takes The Hassle Out Of Networking, For A Price

Review: Eero's Innovative Wi-Fi System Takes The Hassle Out Of Networking, For A Price

This startup’s approach to Wi-Fi may be more Apple-esque than Apple’s own Wi-Fi gear.
More than a year ago, a startup called “Eero” announced that it was reimagining Wi-Fi from the ground up to make it easier to set up and manage, less prone to performance issues, and even—from an industrial-design standpoint—stylish. It started taking preorders [...]

5 British companies for FinTech Week

5 British companies for FinTech Week

FinTech, financial technology, is about disrupting the stale financial sector with technology and innovation. Have you accepted the status quo of a bank-led dominance? The people in the flourishing FinTech field have rejected it.
Last year, Eileen Burbidge, the UK government’s special envoy for FinTech stated: “London and the UK will lead the FinTech sector.” That’s not [...]

Software Startup AppDirect Seeks Europe M&A After Raising Funds

AppDirect evaluating potential targets in U.K., Germany

San Francisco startup also seeks to increase R&D spending

AppDirect Inc., the startup that helps software makers sell their products on the Internet, is looking to make its first acquisition in Europe to expand in its biggest sales region.
AppDirect, which generates about 40 percent of its revenue in Europe, is [...]

Wireless: the next generation

Wireless: the next generation

A new wave of mobile technology is on its way, and will bring drastic change

THE future is already arriving, it is just a question of knowing where to look. On Changshou Road in Shanghai, eagle eyes may spot an odd rectangular object on top of an office block: it is a collection of 128 miniature [...]

Actis grows its acquisition footprint in Africa

Actis grows its acquisition footprint in Africa

In the past 18 months, private equity firm Actis has been buying up stakes in South African companies.

Food Lover’s Market was the latest company to team up with the emerging markets investor. Actis’ acquisition of a 30 percent interest in Food Lover’s Market last year gave the fresh produce retailer access to capital as the [...]

Investec holds $295mln final close for second private equity fund

Investec holds $295mln final close for second private equity fund

Investec Asset Management has held the final close for Investec Africa Private Equity Fund 2 at $295 million, garnering commitments from a diverse mix of pension funds, endowments, fund of funds and development finance institutions from the USA, Europe and Africa. The fund will follow the same strategy of Investec’s first 2008-vintage fund and target [...]

Africa Internet Group secures $83m investment

Africa Internet Group secures $83m investment

Africa Internet Group, which owns e-commerce company Jumia and nine other e-ventures in Africa, has raised $83 million from AXA Insurance, in exchange for 8% in equity. Africa Internet Group will use the new funds to support its business model of expanding ecommerce services across Africa’s main economies, TechCrunch reports. Africa Internet Group is owned [...]

African private equity investment slides 69%

African private equity investment slides 69%

The value of private equity deals in Africa fell by 69 per cent to $2.5bn last year, according to data released today.
The slide, from a total of $8.1bn in 2014, will add to fears that the continent’s stuttering economic growth is feeding through into weak investment
Gross domestic product is likely to have risen just 3.8 [...]