“Smart parking” platform Streetline just announced that it has raised $25 million in Series C funding.
The round was led by True Ventures, with participation from new investors Qualcomm Ventures and Citi, as well as past backers Sutter Hill Ventures, RockPort Capital Partners, and Fontinalis Partners. The company has now raised a total of $40 million, and it says it recently obtained a $25… → Read More
Citigroup took a big hit yesterday, as its new CEO Michael Corbat announced the company’s intention to lay off 11,000 employees and “pull back in emerging markets” in an effort to cut costs amidst challenging times for big banks. According to Bloomberg, this represents a 4.2 percent reduction of Citi’s total workforce and hits hardest in trading, investment banking and transaction services groups… → Read More
Plastic Jungle, which operates an online gift card marketplace, has received a strategic investment from Citi Ventures, Citigroup’s investment arm. The size of the capital injection was not disclosed. The startup has previously raised over $23 million in financing from Jafco Ventures, Shasta Ventures, Redpoint Ventures and First Round Capital, among others. → Read More
Citi and Best Buy have teamed up to launch a mobile rewards application for iPhone and Android devices. The “Citi ThankYou Rewards” app ties together Best Buy’s inventory systems with Citi’s “ThankYou” Rewards program, a service which allows Citi customers to earn points by using their Citi credit card or performing other banking-related activities.
Now, Citi customers can use the new mobile… → Read More
We’re here at Google’s massive New York City HQ (they own an entire block) for what Google was calling a “partner event” but everyone knew was really an “NFC event”. Sure enough, Stephanie Tilenius, Google’s VP of Commerce, has taken the stage to announce Google Wallet and Google Offers.
Right off the bat, Tilenius wanted to make it clear that this would be an open platform. She invited “payment… → Read More
With nearly $30 billion in annual revenues last year, Google needs to keep both dominating search and find new billion-dollar businesses fast. Google’s biggest opportunities beyond search are display advertising, video advertising (YouTube), mobile search, and local. And if it ever gets its act together on social, that could be a wild card. Last October, the company pointed out that its display… → Read More
Last week, Citibank found itself in the eye of an Internet storm after it was revealed that the bank had blocked the business account of Web startup fabulis over (non-existing) ‘objectionable content’ on the company’s blog. The topic was all the more sensitive because fabulis operates a social network / lifestyle website targeting gay men.
A Citi representative was quick to apologize to fabulis… → Read More
There is talk around the ol’ internet watercooler that General Motors and Citigroup are about to be kicked off the Dow Jones Industrial Average due to their lackluster performance and long term outlook. Both of the companies stocks are trading around a $1 with Citigroup taking the title of the first stock to be traded on the index as a penny stock. Since the Dow follows 30 of the largest and most… → Read More
Yes, we’ll soon all be at each other’s throats fighting over cans of soup, but Apple? It’s fine, despite that drop earlier in the week. That’s what Citi and Goldman Sachs say, at least. Those two haven’t failed yet, so we’d do well to hang on their every word. Both Citi and Goldman Sachs kept a “buy” rating on Apple stock, despite the fact that it tanked by… → Read More
Seattle, WA
San Diego, CA
Menlo Park, CA
Boston, MA
Berlin, Germany
San Francisco
