OODA Health, a startup working to improve the efficiency of payments for health care services, raised $40.5 million in a funding round in which only venture capital firms with at least one female leader participated.
The Studio, a startup that works with clients who want to manufacture short runs of customized products, raised $11 million in its first outside funding round. The company was founded in 2013 and is headquartered in Los Angeles.
The AI Foundation, which aims to commercialize artificial intelligence products to improve people's lives, has completed a $10 million funding round. The foundation aims to function as both a social and commercial venture.
Illumix, an augmented reality startup working on games to run on smartphones, has raised $8.6 million in a funding round. CEO Kirin Sinha said the company's technology could serve as a platform for other developers, but initially Illumix will make its own games.
Pricing for the upcoming initial public offering of British peer-to-peer lending startup Funding Circle could give the company a valuation of up to $2.4 billion. The shares will trade on the London Stock Exchange.
Chinese companies, some with government backing, want to buy German tech startups in an effort to dominate the global market, a German government source said. Germany plans to create a billion-euro fund that could be used to rescue companies at risk of falling into Chinese hands, the source said.
Recent developments indicate that venture capital is becoming more inclusive, writes author and venture capitalist Sean Wise. "The world is not simply male and white, and for too long investors have been overlooking great opportunities based on their own homophily," he writes.
Apple and Amazon have encountered headwinds, but technical analyst Chris Vermeulen contends both might be bottoming and are due for an upturn. Apple is at about $218 and could ascend in coming days, while Amazon could approach a high of more than $2,000 attained in August, Vermeulen writes.
Nasdaq Clearing says the default of electricity derivatives trader Einar Aas, after losses of more than €100 million, is a one-off event and not a sign of serious trouble in the market. However, Nasdaq Clearing has ordered a review of events leading up to the default, which comes as experts question the adequacy of clearing practices on the 10th anniversary of the Lehman Brothers collapse.