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Google launches European arm of venture capital fund

2014-07-10 08:49:00| Telecompaper Headlines

(Telecompaper) Google has announced the launch of a European arm of its venture capital fund, Google Ventures, with an initial funding of USD 100 million. The vehicle will aim to "invest in the best ideas from the best European entrepreneurs, and help them bring those ideas to life," said Google in a statement. The company will be based in Clerkenwell, near London's 'Silicon Roundabout' tech area. However, Google made it clear that the new fund's investments will be made throughout Europe. Speaking to the Financial Times, David Drummond, Google's senior vice president of corporate development, said the investment stemmed from a belief that the continent could become home to some of the world's biggest tech companies. "Every European capital I travel to I see these start up clusters. Its obvious that great companies will come out of these ecosystems," he said.

Tags: google capital european fund

 

American Apparel, Hedge Fund Reach $25M Financing Deal

2014-07-10 00:27:03| Apparel - Topix.net

Your source for sweatshop-free leggings and uncomfortably revealing advertising is, for now, safe, according to the latest Wall Street Journal report.

Tags: american deal reach apparel

 
 

UK: Scotch Whisky Association names head of alcohol abuse fund

2014-07-09 14:44:00| Daily beverage news and comment - from just-drinks.com

The Scotch Whisky Association (SWA) has appointed the first chairperson of its alcohol-harm charity, the Scotch Whisky Action Fund.

Tags: head names association abuse

 

Ex-Carter's executives, NY fund manager get prison for insider trading

2014-07-09 04:43:55| Apparel - Topix.net

Eric Martin, a former vice president of investor relations at Carter's, was sentenced to two years in prison by a federal judge in Atlanta after pleading guilty in 2012 to conspiracy to commit securities fraud and wire fraud.

Tags: manager trading fund prison

 

UK DfT to fund smartcard technology at Huddersfield station

2014-07-09 01:00:00| Railway Technology

The UK Department for Transport (DfT) has announced its plans to invest 153,000 to upgrade ticket gates at Huddersfield railway station, enabling passengers to use smartcards.

Tags: technology station fund huddersfield

 

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