Reston, Virginia-based social lending marketplace StreetShares bagged $1.2 million in its seed funding round with Accion Venture Lab as the lead investor to back veteran-owned and main street businesses after it launches this month.
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PayPal fires exec Rocky Agrawal after Twitter meltdown
San Jose, US-based payments giant PayPal fired Rakesh "Rocky" Agrawal as its vice president (VP) of strategy this weekend after releasing some insulting words about his colleagues on the social network Twitter.
American P2P lending marketplace Prosper raises $70M for growth
San Francisco, US-based peer-to-peer lending marketplace pioneer Prosper raised $70 million in a funding round led by private equity firm Francisco Partners to build its business and fuel its growth.
LNG closes $49.5M in placement for Magnolia facility
Perth, Australia-based publicly listed firm Liquefied Natural Gas (LNG) Ltd secured $49.5 million in a placement of 90 million shares to its Australian and new US investors at $0.55 apiece for development of its Magnolia LNG facility.
Japan eyes space-based solar energy project to replace nuclear plants
The Japan Aerospace Exploration Agency (JAXA) is planning to start a commercialized space-based solar energy farm that would convert sunlight into electricity in a bid to replace the many nuclear power plants built on earthquake-prone areas.
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San Francisco, California-based nutrition and fitness startup MyFitnessPal is set to launch localized apps with additional languages to build its audience in Asia, particularly in China, Japan, and South Korea.
Dublin, Ireland-based medical startup Mainstay Medical raised €18M as it completed a listing in the Iris Stock Exchange (ISE) to fund the clinical trials for its product in the US and Europe next year.
New York, US-based taxi service Yellow Cab bought its younger rival Rochester Taxi Co, which is owned by Roba Bati, for an undisclosed amount in a deal that will bring the latter under the Best Ride brand later on.
Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.
Ridgefield Park, New Jersey-based camera and photography equipment manufacturer C&A Marketing Inc added the already-bankrupt Chicago, Illinois-based photo chain Calumet Photographic Inc for $4 million to rebuild the shuttered business.
Boulder, US-based robotic toy maker Orbotix raised $15.5 million in its Series D funding round led by Shea Ventures to create new categories of connected toys and to expand globally.
Kamcord has raised $7.1 million led by TransLink Capital and other investors with the latter to also help in the entry of the company in key Asian markets including Japan, Korea and China.
Odyssey Airlines has decided to source investment through a crowdfunding that would allow the company to raise $8.4 million equity capital in preparation for a launch in 2016 and its operational costs.
Cambridge, Massachusetts-based e-book deals service BookBub scored $3.8 million in its first funding round led by NextView Ventures and Founder Collective to expand its workforce and services and tap into international markets.
