June 17th, 2011Posted by admin
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skudsECI Partners, a venture capital company, has made a major investment in an online car hire supplier called CarTrawler. The funding details were not disclosed, but ECI typically invests in companies that are valued at up to 150 million pounds. The funding will be used by CarTrawler to continue its aggressive expansion plans.
The company is based in Dublin with an office in Seattle, and operates technology to link consumers with car rental suppliers directly and through third-party websites. Customers can obtain real-time car rental prices and availability from over 550 car rental suppliers internationally through the service, with pick-up from 28,000 city and airport locations in 175 countries. The website is available in 29 languages, and provides quotes in 49 currencies. ECI expects CarTrawler to increase its share of the global car hire market, profiting from the continued growth of online travel in Asia and Latin America.
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June 17th, 2011Posted by admin
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Allen's VISIONChinese online fashion retailer Milanoo recently announced a multi-million dollar investment from the Chinese arm of Sequoia Capital, which is one of Silicon Valley's largest venture capital company. Milanoo.com has grown rapidly since it started in 2008, consecutively increasing revenue by 600% each year.
The company today serves customers in over 180 countries around the world in seven languages. So it's no surprise it would attract the interest of a venture capital firm like Sequoia. The only problem with this picture is that a sizable amount of the merchandise that is offered for sale on Milanoo is counterfeit. These designer replica items include Christian Louboutin and Manolo Blahnik shoes and celebrity dresses. And these are not designer-inspired pieces like those sold by ASOS. These are items often portrayed on the site through a single image of celebrities on the red carpet wearing the originals.
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June 17th, 2011Posted by admin
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epSos.deTenaya Capital is a new venture capital firm that is a spin off from the infamous bankrupt firm Lehman Brothers Holdings Inc. In 2009 Tenaya raised its first fund as an independent firm, and it now aims to raise $300 million for Tenaya Capital VI LP. The fund plans to make mid to late-stage venture investments in technology companies. Lehman's venture team founded Tenaya capital, and brought with it $750 million in assets to manage as well as stakes in 47 technology companies.
These existing funds that were transferred to the new company are currently generating an 11% to 23% gross internal rate of return. Tenaya has already witnessed a few liquidity events in its short lifetime, inclkuding last summer's IPO of Green Dot Corp. and the sale of chipmaker Wintegra Inc. to broadband semiconductor company PMC-Sierra Inc. Tenaya currently holds small stakes in video game rental service GameFly Inc and travel company Kayak Software Corp, which are both in line to IPO.
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