JMI Equity, the private equity firm that specializes in software deals, says it has raised $1 billion in committed capital for its eighth growth equity fund—its biggest ever—and plans to keep on investing in growing companies with proven business models.... Read more »
The rise of home-rental services like Airbnb has been hailed as a revolution for travelers and homeowners alike—a leading example of the “sharing economy,” letting everyday people save money on rentals and profit from their underused property.
Local government, however, has been dealing with the complaints that inevitably... Read more »
[Updated 1:50 pm to add details, document.]
Parking-search app Haystack has been banned in Boston, and any other companies that want to follow in its footsteps will face a similar fate.
The City Council voted Wednesday to ban private companies... Read more »
The University of Michigan’s Ross School of Business and College of Engineering have teamed up to launch the Desai Family Accelerator, which will help support early-stage ventures with mentorship and financial resources. Plus, there’s a twist: Despite being backed by U-M,... Read more »
Many startups are seeking to take advantage of cheap and abundant natural gas to make chemicals and fuels, but Siluria Technologies is one of the few moving to large-scale production.
The San Francisco-based company today said that Saudi Aramco Energy Ventures... Read more »
Amicus Therapeutics was on the ropes in late 2012 when its pill for a rare condition called Fabry Disease failed a late-stage trial. It had already put seven years of work into the drug, and the setback added even more development... Read more »
Large pharmaceutical companies have been beating a path to Massachusetts over the past few years to get in the thick of the area’s bubbling life sciences cluster. Today, industry conglomerate General Electric (NYSE: GE) is joining the mix, dealing a... Read more »
Following an executive search that took about 18 months, San Diego’s Sanford-Burnham Medical Research Institute named a new CEO today. He is Perry Nisen, a pediatric cancer specialist who specialized in commercializing new drugs as senior vice president of science and... Read more »
In 2007, Jon Rimanelli began researching Detroit’s history in the aviation industry as part of a proposal to convince organizers of the Red Bull Air Races to pick the Motor City as the host. The bid was successful and resulted in... Read more »