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Atlanta security software firm Damballa pockets $13M in funding for growth

Atlanta, US-based security software provider Damballa pocketed $13 million in venture funding from its existing investors to beef up its sales force and support its growth campaign in North America.


GitHub co-founder Tom Preston-Werner steps down after harassment allegations

Tom Preston-Werner, the co-founder and president of San Francisco, US-based social coding network, stepped down from his position after former employee Julie Horvath claimed she experienced gender-based harassment and retaliation in the company.

Blucora acquires US-based explainer site HowStuffWorks for $45M

Bellevue, US-based Internet business operator Blucora acquired Atlanta, Georgia-based explainer site HowStuffWorks in a deal valued at $45 million in cash from Discovery Communications, which had bought the site in 2007 for $250 million.

Beats Music looks to raise more funding to take on Spotify

Santa Monica, US-based music streaming service Beats Music is looking to raise between $60 million and $100 million in a new funding round in a bid to keep up with bigger rival Spotify, as the Beats Electronics spin-off failed to attract the targeted number of subscribers since its January launch.


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Keona Health, a Chapel Hill, US-based health tech startup that created software that helps nurses save time by taking patient histories and classify cases online, bagged $2.5 million in funding to accelerate its growth.
HS Group Ltd (HSG) will invest an undisclosed amount in Pleiad Investment Advisors, a new hedge fund in Hong Kong formed by former Soros Fund Management executives Kenneth Lee and Michael Yoshino, which will be launched in the third quarter of 2014.
Singaporean sovereign wealth fund Temasek Holdings (Private) Ltd backed chocolate retail chain The Cocoa Trees with an undisclosed amount of fresh capital as the travel retail sector of Asia enjoys a sudden rise in income.
Seoul, South Korea-based early stage venture capital firm K-Cube Ventures has emerged as one of the key players in the country's startup industry with its quick and risky investment deals that focus on startups that offer unique solutions to existing problems.
Hong Kong-based private equity firm EmergeVest picked up a controlling stake in Derbyshire, UK-based chilled and frozen food distributor NFT Distribution Operations for an undisclosed amount to expand its sales.
Canadian real estate investment firm Cannabis Rx reportedly purchased a 9.26-acre property near the Sarasota-Bradenton International Airport in Florida in a $1.2-million deal to turn it into a licensed grow facility or distribution center.
Although Google reportedly considered San Francisco, US-based mobile payments system Square Inc as a potential acquisition or merger candidate, the latter denied reports that it has entered acquisition talks with search giant.
Kuala Lumpur, Malaysia-based outsourcing startup Supahands wants to help Southeast Asian clients save time and gain focus for more important tasks by providing them with multi-lingual and home-based virtual assistants who can do various tasks for them.
A new mobile app and Chrome extension called FIO provides users with a simple way to track five of their chosen time zones at a time with corresponding colors to help frequent travelers cut through jet lag.
Singapore City, Singapore-based same-day hotel booking app In2Nite raised $2.8M in a venture round led by IDG Ventures and other undisclosed investors to expand its reach across the Asian market.