Anti-immigration party wins Slovenia elections

LJUBLJANA (Reuters) – An anti-immigration opposition party won Slovenia’s parliamentary election on Sunday, taking 25 percent of the vote, according to preliminary results.

Microsoft is reportedly acquiring GitHub

New reports out of Redmond this weekend have Microsoft set to purchase the popular coding site GitHub. Bloomberg is citing “people familiar with the matter,” stating that the deal could be announced as early as tomorrow.

The new story follows similar reports late last week of discussions between the two parties. The deal certainly makes sense for Microsoft, as the software giant continues to actively court developers. As for GitHub, the company is said to have been “impressed” by Satya Nadella, who has actively courted coders and coding initiatives since taking the reins at the company, back in 2014.

“The opportunity for developers to have broad impact on all parts of society has never been greater,” Nadella told the crowd at his address during last year’s Build. “But with this opportunity comes enormous responsibility.”

Dramatic, perhaps, but acquiring GitHub would give the company access to some 27 million software developers — though not all of them are thrilled by the idea of GitHub being taken over by Microsoft.

GitHub, meanwhile, has been struggling to replace Chris Wanstrath, nearly a year after he announced plans to step down from his role as CEO. A co-founder of the service, he had returned to the top spot three years prior.

Earlier this year, meanwhile, GitHub was hit with the largest DDoS attack on record — though the site managed to come back online after 10 or so minutes.

Details of the planned deal — and what, precisely, this will mean for GitHub’s loyal community — have yet to be announced. We’ve reached out to Microsoft for comment.

Update: Microsoft’s corporate VP of communications Frank X. Shaw tells us that the company has no comment. “You know we don’t ever comment on this sort of rumor,” he said.

White Star Capital raises new $180M fund to help startups go international

Global venture capital firm White Star Capital has closed a second fund of $180 million, money it plans to invest in “transatlantic” companies that need help to go international. The VC already has a presence in London, New York, and Montreal, and as part if its new fund is adding Paris and Tokyo to the list.

Oversubscribed from an initial target of $140 million, apparently, White Star says it will invest in around 20 new companies from the new fund, writing opening cheques of between $1 million and $6 million. White Star’s first fund of $70 million closed in 2015 and the VC has backed around 26 startups to date. Notably, the firm has already invested in eight companies from its second fund.

They span Seed to Series B and include fintech and insurtech companies Borrowell (Canada) and Clark (Germany), as well as “disruptive commerce” models Vention (Canada), Meero (France), and Butternut Box (U.K.). The fund has also invested in digital health companies Echo (U.K.) and Dialogue (Canada), as well as data-as-a-service company Unacast (US).

LPs in the new fund include institutional investors such as Caisse de dépôt et placement du Québec (CDPQ), Fonds de solidarité FTQ (FSTQ), the Business Development Bank of Canada (BDC), Korea Venture Investment Corporation (KVIC), Investissement Quebec, ARKEA Group, Mizuho Securities, Swen Capital Partners, Isomer Capital, Walter Financial, Clerville Investment Management, Temaris Capital, Simone Investments, and Portag3 Ventures. In addition, a number of multinational corporate groups have invested including Veolia, La Capitale, Corporate Groupe ADP, Ubisoft and Unisys Corporation through Canal Ventures.

In a call last week, White Star Capital Managing Partner and co-founder Eric Martineau-Fortin told me the VC will look to focus on three specific areas of investment. They are fintech, “disruptive commerce”, and algorithms and sensors.

Asked if most of the unbundling of various consumer financial services was now “done” and that we are now likely to see a next phase of consolidation, the VC didn’t disagree but pointed me to insurance, which is an industry still very much ripe for the picking. White Star has already made two insurtech investments and I got the impression it isn’t done yet.

The firm is also keeping an eye on how technologies like Blockchain is developing but Martineau-Fortin said he hasn’t been persuaded that the use cases were there quite yet.

More broadly, White Star’s new fund will continue to seek out companies that use data as a competitive advantage and where the fund’s “operational experience and physical presence can help companies scale internationally”.

Meanwhile, to help beef up its own global presence, White Star Capital has recruited Matthieu Lattes, who was previously a VC specialist at Rothschild, as its new Partner in Paris. In addition, Shun Nagao has joined as a Venture Partner in Tokyo, and Lylan Masterman has been promoted to Partner in the VC firm’s office in New York.

Alongside Martineau-Fortin (who tells me he is partly relocating from New York to Paris to lead the firm’s presence in France), the firm’s other personnel are Jean-Francois Marcoux (the former co-founder of mobile game publisher Ludia), and Christian Hernandez Gallardo (a former Facebook executive) who heads up White Star’s London operations.

Adds Martineau-Fortin: “Our growing team has extensive operational experience and we are passionate about supporting ambitious entrepreneurs with truly global ambitions. Internationalisation represents a huge opportunity for many high-growth companies and our global reach means we can support companies looking to scale outside of their home market. We become active partners to all the entrepreneurs we work with and the new fund will enable us to help even more companies realise their potential”.

Three people trapped by lava airlifted to safety near Hawaii volcano

PAHOA, Hawaii (Reuters) – Three people were airlifted to safety on Sunday morning as lava from Hawaii’s Kilauea volcano threatened an isolated area where they had become trapped, the National Guard said.