Bed Bath & Beyond buys One Kings Lane
Designer goods, sold at a discount. Retailer Bed Bath & Beyond is buying online décor site One Kings Lane for an undisclosed sum that is reportedly a fraction of its peak valuation. San Francisco-based One Kings Lane was once valued at more than $900 million, but saw its valuation drop alongside other former high-flyers like flash sales site Gilt Groupe.
Report finds 387 global accelerators active last year
There were 387 active accelerators in 2015, and they collectively invested $192 million in 8,836 startups across the globe, according to a new report from early stage investment platforms Gust and Fundacity. Accelerators cited Internet of things as the most interesting sector for future investment, followed by big data analytics and SaaS.
New York VC FirstMark Capital raises $480M for new funds
New York-based early stage investor FirstMark Capital announced it has closed on $480 million for two funds. FirstMark IV, a $275 million fund, will focus on early stage investments. FirstMark OF II, a $205MM fund, will target later-stage rounds in existing portfolio companies. Prior investments include Pinterest, Shopify and Airbnb.
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