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DHG Communications Network BV is an independent investment company with a no nonsense mentality. Besides providing capital, we bring in our personal experience and know how. We invest smart capital in The Netherlands, USA, Singapore, India and Israël. Working closely with investment funds like Peak Capital, 500 Startups, Golden Gate Ventures and YL Ventures.

Redmart’s e-commerce goal scores $23m from Alibaba investor Softbank, Facebook co-founder Saverin

Singapore-based online grocery store RedMart has huge ambitions to eventually expand beyond groceries, with the aim to eventually build a logistics network that can be leveraged for many verticals other than just groceries.

“We see ourselves as a technology and logistics company that just happens to be delivering groceries,” Redmart CEO Roger Egan told TNW.

The company is on a roll as it marches towards this ultimate aim. After scooping $5.4 million in a bridge round in January this year, it has just raised a $23 million Series B round from existing investors Garena (which invested in its Series A round) and Facebook co-founder Eduardo Saverin, as well as new investors Visionnaire Ventures and Softbank Ventures — which was notably an early investor in Chinese e-commerce giant Alibaba.

More on: http://tnw.co/1nHu402

Box Acquires YC-Backed Streem

This morning Box, a cloud-based file-management service, announced that it has acquired Streem, a Y Combinator-backed company that allows customers to stream files to their desktop environments. Box declined to share terms of the agreement, but did note in an email that it bought the company using a blend of cash and stock. The four members of Streem will join Box. Streem’s product will be subsumed into Box’s larger offerings, the company told TechCrunch. That process is underway now.

More on: http://bit.ly/1pbJ6JG

VC Firm raises $27,5 Million to help Israeli Startups break into the US

Yoav Leitersdorf isn’t trying to build a Silicon Valley in Israel. His goal is to bring the best of Israel to the U.S.YL Ventures, the San Francisco-based firm where Leitersdorf is a managing partner, just closed its second fund. The firm raised $27.5 million to invest in young Israeli tech companies after its first fund reaped generous returns for investors.

More on: http://bloom.bg/IJdqME