peHUB Second Opinion

In Second Opinion, Bank of New York is preparing to pay $700 million to resolve currency lawsuits, cruise lines cancel Tunisia as a stop in wake of terrorist attack and watch out, Apple, Google, Intel and TAG Heuer are teaming up to create a luxury smartwatch.


Virgin Group and Bain Capital form Virgin Cruises

Richard Branson’s investment firm Virgin Group and  Bain Capital have partnered up to launch Virgin Cruises, a new cruise line business. No financial terms were disclosed. Also, Tom McAlpin will lead as CEO. Recently, McAlpin worked at The World, Residences at Sea where he served as president and CEO. Virgin Cruises is headquartered in the Miami/Fort Lauderdale area.

UK bitcoin wallet provider Blockchain rakes in over $30 mln

London-based bitcoin wallet provider Blockchain has closed over $30 million in growth funding, the company announced in a blog post on its site. Lightspeed Venture Partners and Wicklow Capital co-led the round. Other backers included Richard Branson, Mosaic Ventures and Prudence Holdings. To read more about the funding, visit here.


Apple CEO Tim Cook introduces the IOS 8 operating system during his keynote address at the Worldwide Developers Conference in San Francisco, California

peHUB Second Opinion

In Second Opinion, Apple pulls its iOS 8.0.1 software update after it causes newer iPhones to crash, the dangers of upgrading your aging iPhone and Virgin Galactic won’t now make a commercial flight to space until early spring.


Doctor On Demand pulls in $21 mln Series A

Doctor On Demand has raised $21 million in Series A financing. Venrock led the round with participation from Shasta Ventures and Sir Richard Branson. In addition to the funding, Bryan Roberts of Venrock has been added to the firm’s board of directors. Based in San Francisco, Doctor On Demand provides video visits with board-certified physicians via smartphones, tablets and desktop computers.

Branson waves from Virgin Galactic's mothership WhiteKnightTwo during its public roll-out in California

peHUB Second Opinion

In Second Opinion, Google in talks to take a stake in Virgin Galactic, the COO of Twitter has resigned, Amazon Prime Music went live today and being cool in high school can be very bad for you.

Branson Backs Square

(Reuters) – Square, the mobile payment start-up that counts former U.S. Treasury Secretary Lawrence Summers on its board of directors, has a new big-name backer: British billionaire Richard Branson. Branson has made a “multimillion” dollar investment in Square, according to a Square spokeswoman who declined to disclose the exact amount. Branson’s investment in Square follows […]

Tumblr Raises $85M from Greylock, Insight, Richard Branson, Others

Tumblr, a popular blogging platform, has raised $85 million in a venture capital funding round led by Greylock Partners and Insight Venture Partners, plus the Chernin Group and Sir Richard Branson. Also joining the round were the company’s previous investors: Spark Capital, Union Square Ventures and Sequoia Capital. Tumblr, founded in 2007,  previously raised $30 million in […]

Virgin Green Fund to Launch Fund II

Virgin Green Fund, a private equity firm affiliated with Sir Richard Branson, the media and airline mogul, plans to launch a second fund, the Virgin Green Fund II LP, shortly, a person familiar with the plans told Buyouts, peHUB’s sister magazine.

The new fund will target $300 million and is expected to close by the end of 2011, the person said.

The San Francisco and London-based growth capital firm invests mainly in renewable energy companies and enterprises that develop efficient ways to use resources. It invests primarily in North American and European firms that have already achieved a measure of growth, helping to distinguish it from the many venture capital firms that operate in the renewable energy space.

Social Scene: Tilton Battles Forbes, Redlitz Gets His Hands Dirty, Parker Proposes, Birthday Wishes, More

In this week’s Social Scene, Diva of Distressed Lynn Tilton goes to war with Forbes, Ethernet inventor/VC Bob Metcalfe settles into his fifth career, new NVCA Chairman Paul Maeder explains “bublet,” Founders Fund’s Sean Parker takes himself off the market, Garage Technology Ventures’ Bill Reichert is three days away from his birthday, and lots more.


Venture capitalists turned out in full force for this year’s annual meeting of the National Venture Capital Association in Boston. My colleague Joanna Glasner was there and shared some of her observations — including the significance of the line for the women’s bathroom — yesterday. Here are more of Joanna’s musings:

Happy Birthday to Venture (and Bob Metcalfe)… Bob Metcalfe turned 65 yesterday -– and he wasn’t afraid afraid to tell everyone. The Ethernet inventor, 3Com founder, Polaris Venture Partners partner and, most recently professor of innovation at the University of Texas at Austin, announced the milestone to a mostly-VC audience of several hundred.

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