Music education college Detroit Institute of Music Education Inc received a $3 million investment from private equity firm Beringea, a statement about the funding said.
Corporations
Chicago-based digital ad firm elevate DIGITAL scores additional $3M in Series A round
Chicago, US-based digital interactive application developer elevate DIGITAL scored an additional $3 million in its Series A funding round from SFX Entertainment to expand into new markets.
Concepcion and UTC buy joint stake in Otis Philippines
Makati, Philippines-based cooling solutions provider Concepcion Group is buying a stake in elevator company Otis E&M Co Philippines as a joint venture with Hartford, US-based multinational conglomerate United Technologies Corp (UTC) for an undisclosed amount.
One World Doll Project secures $500K from unnamed private equity firm based in New Mexico
The One World Doll Project, a subsidiary of One World Holdings Inc, secured a capital infusion of $500,000 from a New Mexico-based private equity investor, a statement about the funding said.
Sun Capital Partners sells Certified Power Inc to Brinkmere Capital Partners
Sun Capital Partners has exited Certified Power when its affiliate sold the fluid power and power train solutions provider to Brinkmere Capital Partners. Financial details were not disclosed.
Latest News
Italian website design service startup Flazio, backed by Zernike Meta Venture, allows users to create a website by using the content of their Facebook page, TechCrunch reported.
Pasadena, California-based kinetic desk maker Stir raised $1.5 million in a seed funding round led by Vegas TechFund and Zach Ware to scale up its production and distribution efforts.
San Francisco-based software enterprise startup bagged $10 million for its Series B financing round led by Nokia Growth Partners and Randstad Holdings and joined in by previous investors, VentureBeat reported.
New York, US-based brand advocacy startup Crowdtap picked up $5 million in a Series B funding round led by Foundry Group to continue inspiring its customers to create quality promotional content on blogs and social media sites.
Internet company Mail.ru signed an agreement to buy the 12% stake of Ivan Tavrin in Russian social network VKontakte.com for an undisclosed amount to bring its total holding to 52%.
Procured Health, the startup that seeks to provide transparency to the pricing of medical devices, has received $4 million from FCA Venture Partners for its Series A funding round, VentureBeat reported.
Tysons Corner, US-based secure digital ID network ID.me scored $10 million in combined venture capital and debt funding to build its own online marketplace for its users.
Citing sources, The Wall Street Journal reported that Singapore state investment firm Temasek Holdings was in advanced discussions for a "strategic" stake acquisition of Li ka-shing's health and beauty retailer Watson.
Brisbane, Australia-based diversified alternative asset manager Blue Sky Alternative Investments entered a deal to purchase Adelaide-based hedge fund Investment Science Asset Management for an undisclosed amount.
