Heather Somerville
Stories by Heather Somerville
Venture capitalists invest $56b in startups so far in 2016
Venture-backed companies have raised $56 billion across nearly 6,000 funding deals. At that pace, venture investment is projected to hit $74 billion b
Cloud computing firm Nutanix IPO shows risks of ‘unicorn’ valuations
Nutanix may have squeaked by, but public offerings at a price below the private market valuation, once a rare event, have become quite common, especia
Valley VC Canvas Ventures raises $300m fund to back tech startups
Its previous investments include marketplace lending company Lending Club Corp., which went on to raise more than $1 billion in its 2014 initial publi
Nutanix acquires two startups amid IPO delay
High-tech computing company Nutanix has acquired two startups to enhance its data and storage services.
Banks miss out on fees as Chinese firms turn to inhouse teams for deal advice
Paying for advice is still a relatively new concept for Chinese firms, so they tend not to be big fee payers. While large conglomerates in developed m
U.S. mutual funds boost their performance with unicorn mark-ups
Some U.S. mutual funds are boosting their performance with relatively big bets on private companies such as Uber and Pinterest, which they have been m
Didi Chuxing’s dominance of Uber in China offers roadmap for ride-hailing apps
The two companies confirmed the sale of Uber China to its chief competitor, ending a two-year, money-losing effort to break into one of the world’s
Venture capital investments rebound for tech startups in Q2
Investors plowed $15.3 billion into venture-backed startups in the second quarter of this year, a 20.5 per cent increase over the $12.7 billion invest
