After announcing in August that it would cut up to 260 jobs, Rovio — maker of the Angry Birds games — today released details of the final number: the Finland-based company is letting go of 213 employees, around 25% of staff, as it continues to restructure and cut away unprofitable parts of its business. The whole of the company is being affected, with the exception of those working… Read More
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Docker announced today that it was purchasing Tutum, a cloud service focused on deploying and managing Docker containers in any environment, whether the cloud or on-premises. The company did not disclose the purchase price. Docker has always emphasized building, shipping and running containers — those discrete programming building blocks sometimes called micro-services. With… Read More
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Honestbee just raised $15 million for its on-demand grocery delivery service, but it has loftier aspirations. Head of marketing Shane Chiang says the Singapore-based company launched as a “social impact business” to give employment to people who can’t hold a regular job, such as stay-at-home parents, caregivers, and students. Honestbee’s part-time shoppers collect… Read More
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Over two years ago, Misfit launched an activity monitor called “Shine,” which was among the first breakout successes in the wearable space, offering an attractive alternative to competitors’ then more plastic-looking fitness trackers. In the years since, the company has expanded its product line to include a range of connected devices, including also sleep monitors and… Read More
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Despite a checkered history with online platforms, developers are always looking for the next big distribution model and a small but growing number is betting Slack, the popular group-messaging platform, is the way to go. One such startup, Austin-based Howdy, may be the first to nab venture funding based largely on that vision. Specifically, the company, which has developed a customizable chat… Read More
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“America’s Next Top Model” host Tyra Banks talked about her new business venture Tyra Beauty, “smizing” and empowering women entrepreneurs with “f-you” money onstage at the Wall Street Journal Live conference today. “Every woman needs ‘f-you’ money’ to be able to do things independently,” she explained to an audience… Read More
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Hot on the heels of raising a new $379 million fund aimed at startups at the growth stage, Highland Europe has led a $17 million round in mobile app intelligence and analytics startup Adjust. This brings total funding since being founded in 2012 to $30 million. 
Danish startup Bownty, which claims to be Europe’s leading aggregator for deals on ‘local experiences’, has raised €3.4 million in Series A funding — money it plans to use to bed down in the existing markets it operates in. 
As pre-seed and seed funding increasingly becomes a commodity, even in more modest Europe, something has to give. That something is VCs offering and talking up what they call ‘operational support’ for the startups they invest in. 
Opinio is the latest hyperlocal delivery startup in India to score funding. The company announced today that it has raised a $7 million Series A from Delhivery, a logistics firm, Sands Capital, and Accel Partners.