ORLANDO - Orlando-based mobile application development platform, Kony has raised USD 50 million in Series E round led by Softbank Capital. The other investors Insight Venture Partners, Telstra Ventures, Georgian Partners, Delta-v Capital and Hamilton Lane have also participated in the round.
MIAMI – The Florida Venture Forum announced its selection of 20 Florida-based companies to present and two Florida-based companies to exhibit at its Seventh Annual Early Stage Capital Conference. The event takes place May 15 at the Reunion Resort in Orlando.
The 20 companies, considered among the state’s best early stage prospects for equity financing, will each deliver six-minute presentations to an audience of venture capitalists, private equity investors, angel investors, investment bankers, financial intermediaries, and entrepreneurs.
ORLANDO – This summer six carefully chosen startups will be working together as Starter Studio’s Second Class. Starter Studio is a tech business accelerator program that provides startups with free workspace, mentorship, and a range of events designed to help starters further develop their businesses.
Events include Monday Night Founder Talks and Brown Bag Lunches, which are open to the community. The intensive program culminates in Starter Studio’s final pitch event, Demo Day.
MIAMI - Shiver Entertainment, a new video game development firm led by industry veteran and former Zynga and EA Chief Operating Officer John Schappert, has leased 16,000 square feet on the second floor of The Offices at Sunset Place. The lease marks one of the largest new-to-market tech firms to enter Miami in recent years.
Shiver Entertainment’s new space is located at the intersection of US-1 and Red Road, at the center of South Miami’s thriving downtown district – just a few steps from the University of Miami and the South Miami Metrorail Station. The company expects to hire approximately 60 employees in time for the grand opening of its new studio in late 2014.
ORLANDO - At Monday's city council meeting, newly-formed nonprofit Orlando Tech was approved as the City of Orlando’s first E-Street, a designation through the City’s successful Main Street program. As an E-Street, Orlando Tech will receive annual funding from the City and will hire a full-time executive director.
“Orlando Tech, Inc. will participate in the E-Street Program as a virtual community district with the objective to make Orlando a city where tech companies choose to locate and the digital workforce thrives,” read today’s city council agenda summary.
At last month’s State of the City address Mayor Dyer announced that Orlando Tech would become the City’s digital main street. Since then, the organization has created executive and advisory boards composed of individuals with a wide range of tech experience and areas of expertise.
ORLANDO – DoubleMap, an Indianapolis-based transportation software company, today announced it has acquired Orlando-based TapRide, an on-demand, ride hailing and dispatching system. The acquisition will enable DoubleMap to provide a single solution for real-time mobile mapping, ride hailing and vehicle tracking for public transportation and any organization which moves passengers.
ORLANDO - Sponsored social media firm, IZEA has closed a $12 million private placement of common stock and warrants.
Pursuant to the terms of the private placement, the IZEA has agreed to sell an aggregate of approximately 34.2 million shares of common stock at a price of $0.35 per share. Investors will also receive warrants to purchase up to approximately 17.1 million shares of common stock at an exercise price of $0.35 and warrants to purchase up to approximately 17.1 million shares of common stock at an exercise price of $0.50.
Starter Studio plans on doing the same this next round by providing startups with education, mentorship, legal and financial resources, networking opportunities, and the right culture to help innovative solutions grow for three months.