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PE HUB First Read

First Read kicks off your morning with news that HSBC will be shedding about 50,000 jobs in a major overhaul, U.S. tech industry urges President Obama to not impose measures that could undermine encryption and Vincent Bugliosi, who prosecuted Charles Manson and wrote “Helter Skelter” about the case, dies at 80.

A man runs past damaged houses as aftershocks of an earthquake are felt a day after the earthquake in Bhaktapur, Nepal April 26, 2015. Rescuers dug with their bare hands and bodies piled up in Nepal on Sunday after the earthquake devastated the heavily crowded Kathmandu valley, killing at least 1,900, and triggered a deadly avalanche on Mount Everest.  REUTERS/Navesh Chitrakar - RTX1AARR
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peHUB First Read

First Read ushers in your week with news that the death toll of the Nepal earthquake has risen above 3,400, Cap Gemini acquires IGATE for $4 billion and Facebook’s engineering director is leaving his post to co-found a music startup.

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SoftBank Capital leads $50 mln Series D funding in Bigcommerce

SoftBank Capital has led a $50 million Series D funding round in Bigcommerce, an e-commerce platform. Other investors in the funding round included Telstra Ventures and American Express, as well as existing investors General Catalyst and Revolution Growth. Steve Murray, a partner at SoftBank Capital, will join Bigcommerce’s board.

VC-backed Bigcommerce announces new hires

Bigcommerce has named West Stringfellow as chief product officer and Ron Pragides as vice president of engineering. The firm has also opened a new office in San Francisco. An e-commerce platform for SMBs, Bigcommerce is backed by Steve Case’s Revolution Growth, General Catalyst Partners and FLOODGATE.

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