German Publishing House Axel Springer buys Business Insider
German publishing House Axel Springer now officially confirmed that it owns 97 percent of Business Insider. After having already owned 9 percent, it now acquired another 88 percent for $343 million.
Social Media Management Tool raises €1 million
Ingoldstadt-based Drupal agency Maloon announces a €1 million investment. The round has been signed in June this year. Maloon’s social media management software SocialHub competes with companies such as Hootsuite. The fresh investment came from Munich-based BayBG as well as existing business angels.
Swarm64 raises €7.1 million
Berlin-/Oslo-based database startup Swarm64 raises a total of up to €7.1 million. The round was led by Alliance Venture, Target Partners and Investinor. Swarm64 is data acceleration company and will use the funding for market entry, growing the team and setting up operations in the US Market.