Week Ending 11.25.18
UK STARTUPS FACE US BREAKTHROUGH CHALLENGES
INDIUM SOFTWARE ACQUIRES NOAH DATA
PEERSTREAM FOLLOW ON UPSIZED AGAIN
PLAYCHIP PULLS ICO
AND MORE ↓
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OUR LATEST EYE ON BLOCKCHAIN CONTENT
UK startups seeking a foothold in the US have to get the staffing, market fit, focus and culture right if they are to succeed, according to Conner Cantwell, partner at venture capital firm COSIMO Ventures.
“For UK, and Irish companies, the US is the central space on their radar,” said Cantwell, whose firm focuses on seed rounds of usually USD 1m. Read our entire story here.
MERGERS AND ACQUISITIONS
Indium Software, the Princeton, New Jersey-based software developer, said it acquired Noah Data, the big data and blockchain services company.
PeerStream, the New York City-based blockchain services firm, said shareholders, which include a J. Crew trust fund and co-founder Clifford Lerner, raised to 1.3m the number of shares on offer in a Nasdaq uplist from the original 800,000 shares.
The shares were worth USD 7.5m based on the USD 5.75 share price quoted in the filing. The original sale would have raised USD 4.6m based on the same price. Lerner resigned in June. The company changed its name in March and was previously known as Snap Interactive.
Other filings include OBITX
PlayChip, the Sydney, Australia-based token of sports betting firm PlayUp, pulled a public initial coin offering the day before it was scheduled to launch. It raised USD 25m in a pre-sale.
In October PlayUp also said it is working on listing compliance with the Nasdaq and the Australian stock exchange regarding its merger with Mission NewEnergy, which was announced in April.
Dispatch, the San Francisco-based blockchain company, said Fenbushi Digital, the venture capital firm focused on blockchain, is leading a USD 6m investment round.
Temasek, the Singaporean sovereign wealth fund, is creating AI and blockchain ‘exploration pods’, according to a Bloomberg report.
LEGAL & REGULATORY
The Gibraltar stock exchange said it has received regulatory approval for cryptocurrency trading and other blockchain services.
No new data sets we are tracking were released.