Automattic, the company behind WordPress, acquired WooThemes, the company that creates themes and plugins for the same CMS ecosystem. The amount of the acquisition was not disclosed. Following the deal, WooThemes products (extensions, themes, etc.), licenses and experience will continue as before. The team of 55 people in 16 countries will be added to Automattic’s 325 people in 37 […]

South African social photography app Over won the award at U-Start Conference Milan, which took place last week in Milan. The startup secured final stage funding, plus a coveted place at U-Start’s International Investor Road Show beating 19 global contenders from South America, Russia, Africa and Europe who participated at the live pitch competition. Led […]

Emerging markets fund manager LeapFrog Investments held the initial close for its second fund at US$204m. Supporter included MetLife Inc., Prudential (USA), XL Group, Achmea, PartnerRe and Swiss Re, JPMorgan Chase & Co., Christian Super and TIAA-CREF, CDC, DEG, the European Investment Bank, FMO, and Oikocredit. Led by Andrew Kuper, President and Founder, LeapFrog Investments […]

Zando.co.za, a Cape Town, South Africa-based fashion e-commerce retailer, has received a €20m equity investment from Summit Partners. Summit will take a stake in the company through its German holding company. Launched on the 23rd of January 2012 by Manuel Koser and Peter Allerstorfer, Zando.co.za now offers and 10,000 products including clothing, beauty and accessories […]