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Apple Overhauls Leadership Ranks To Move Beyond iPhone

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In an attempt to lower its reliance on the iPhone, Apple is overhauling its leadership ranks and changing its priorities so that it is focused more on services, artificial intelligence, hardware and retail, reported The Wall Street Journal. Appleā€™s moves come at a time when demand for its iPhones is starting to slow.

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Starbucks New Investor: Pershing Square Capital Management

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Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 This comes as its loyalty program and mobile app are driving business, with 39 percent of the company’s sales in the U.S. percent stake in Starbucks. coming from those venues.

Capital 128
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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

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As such, automakers are hitting the venture capital highway in droves. In the rideshare arena, InMotion , Jaguar Land Roverā€™s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. The number of automaker-backed investments seems to have skyrocketed overnight. Ridesharing.

Capital 109
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Careem Raised $150M As Part Of A $500M Venture Capital Funding Round

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Careem, a transportation startup that is in 80 cities across the Middle East, has reportedly raised $150 million, closing a Series E venture capital funding round with $500 million raised. Daimler, the German car maker, DCM Ventures and Coatue Management also participated in the round of venture capital investing.

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Digital Parking Company SpotHero Raises $50 Million In Series D Funding Round

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Digital parking company SpotHero has raised $50 million in a series D funding round led by Macquarie Capital , according to a release. . Other participants in the round included Union Grove Venture Partners, and previous investors Insight Venture Partners, Global Founders Capital and others also invested again.

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Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

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The $230 million dMY Technology just went public in February under the leadership of two veteran tech executives ā€“ Harry You, a former top EMC executive who was previously CFO of Accenture and Oracle, and Niccolo de Masi, chairman and former CEO of Glu Mobile, a developer of mobile games for smartphones and tablets.

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Freelancer Banking App Lili Nets $15M For Expansion

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The new capital will be used to help Lili boost its ever-growing expansion and add to its product and engineering teams and boost customer adoption, the release says. The round was led by Group 11 , with major participation from Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, and Zeev Ventures.

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