Eduardo Saverin
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Inturn raises $22.5 million to help you buy clothes at a discount
Managing inventory is one of the most challenging parts of running a retail business. It’s not easy to predict exactly how popular each item will be. That’s why retailers often offload their unsold clothing and products to other businesses. Some of these designs find their way into”off-price” stores like T.J. Maxx or Ross, known for their perpetually low prices. Now… Read More
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Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage
CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia. This is a Series B investment and it was led by B Capital, the BCG-backed fund from Facebook co-founder Eduardo Saverin, and EDBI, the investment arm of the Singapore Economic Development Board. Read More
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Facebook co-founder Eduardo Saverin’s new fund closes initial $140M for deals in Asia
Eduardo Saverin — yes, that Eduardo Saverin of Facebook fame — is already a prominent investor in Asia’s tech scene, but his profile and spending is about to increase significantly after a new fund he is running made its first close. Read More
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Identity verification startup Jumio files for bankruptcy, will sell assets to early backer Eduardo Saverin
Jumio, the Andreessen Horowitz-funded mobile and online credentials authentication business, whose technology can scan and read information from payment cards and IDs, says that its U.S. business has begun voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court, which will allow it to sell its assets. The company is selling its business to early backer and Facebook… Read More
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Hopscotch, E-Commerce For Mums In India, Lands $13M Led By Facebook Co-Founder Saverin
Hopscotch, an India-based e-commerce service focused on mums and founded by a former Diapers.com executive, has closed a $13 million Series C round led by Facebook co-founder Eduardo Saverin. Read More
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Exclusive: Facebook Co-Founder Eduardo Saverin Leads $6.5M Round For Jumio
Jumio is still gearing up for the launch of its online and mobile payments solution, due for release in 6 to 8 weeks, but the company has lined up an investor that is sure to draw even more attention to the stealth startup than the recent appointment of Google, Amazon and NASA vets to its board of directors. Eduardo Saverin, who will forever be remembered as the co-founder of Facebook, has… Read More
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Facebook Billionaire Eduardo Saverin Leads Qwiki's $8 Million Round
TechCrunch Disrupt winner Qwiki has closed its $8 million series A financing, which I first reported a couple weeks ago when it was midway through the round. Now we know the investors, and it is a very interesting group. The largest investor who led the round turns out to be Eduardo Saverin, the early Facebook co-founder who was pushed out of the company but walked away with enough shares… Read More
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Eduardo Saverin Beats Mark Zuckerberg to Indonesia
Someone needs to make me a “Where in the world is Eduardo Saverin?” logo. Following up on my story that he was holed up in a penthouse in Singapore investing in Facebook games, comes news that Saverin has hopped over to Indonesia to meet with some startups. Pictured to the left is Saverin with Aria Rajasa of GantiBaju– a company I wrote about here that won the SparkxUp awards… Read More
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Peter Thiel: Facebook Co-Founder Eduardo Saverin Did A Poor Job, Got Rich Anyway
As far as I know, and my Web searching skills can take me, early Facebook investor Peter Thiel hasn’t yet publicly commented on the role of Eduardo Saverin, who co-founded and initially bankrolled ‘thefacebook’ back in the early days. Well, Thiel did exactly that, on Big Think (video below). Asked who Saverin is, Thiel says he was “affiliated, quasi-employed at Facebook… Read More
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Where in the World Is Eduardo Saverin? In Singapore Funding Facebook Games.
I haven’t run into him, but have confirmed from at least ten local programmers and angel investors that Eduardo Saverin– the Brazilian-born estranged Facebook co-founder who helped Ben Mezrich write a devastating revenge book of his ouster before taking a settlement and disappearing from the face of the US tech scene– has been hiding out in Singapore for the better part of… Read More
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More Early Facebook IMs And Emails Surface: "A Sucker Born Every Day"
More instant messages and emails have surfaced from the early days of Facebook, adding some more color, but few new major details, to the contentious relationship between Mark Zuckerberg and one of his Harvard co-founders, Eduardo Saverin. The IMs and emails were published today by Silicon Alley Insider, which also published much more inflammatory early Zuckerberg IMs last May, including… Read More
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