Smart Ventures already tapped a veteran fund manager to work on the $100 million initial private placement fundraising for Cannabis Funding Group, the statement said.
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Stealthy California startup Citizen.VC raises $4M in funding
Palo Alto, US-based stealthy startup Citizen.VC raised $4 million in funding out of a reported $12-million round, based on a document filed with the US Securities and Exchange Commission.
Russian mobile payments startup 2can lands $5M in Series B funding
Moscow, Russia-based mobile payments startup 2can landed $5 million in a Series B funding round led by InVenture Partners to integrate its service with banks in the country.
British language learning startup Fluentify takes home $410K from angel investors
London, UK-based language learning startup Fluentify took home $410,000 in angel investment in a round led by former Barclays exec Stefano Marsaglia to beef up its workforce and service in Southern Europe.
US Supreme Court to tackle software patent protections
The US high court will be hearing an oral argument on the eligibility of software patent protection on Monday and will decide on the matter by the end of June, Reuters reported.
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New York, US-based fitness startup Classtivity rebranded as ClassPass as it closed $2 million in a seed funding round from several angel investors to help customers stick more to its workout program.
Resistive RAM technology pioneer Crossbar Inc obtained $25 million for its Series C financing round from its current backers and new investors, a statement about the funding said.
Philippine crowdfunding site Medifund turns non-profit to help medical students finish their studies
Philippines-based crowdfunding site Medifund turned non-profit to help students in developing countries pay for the cost of their schooling and to encourage more women to enter the medical profession.
Santa Monica, US-based 3D print online marketplace SyncFab launched a $25,000 crowdfunding campaign on Kickstarter to streamline specialty manufacturing in the US using the 3D printing technology.
Kitchensurfing has secured a $15 million investment for its Series B round led by Tiger Global Management and participated in by Union Square ventures and Spark Capital.
San Francisco, US-based venture capital firm Rise Capital is set to raise $146 million to back startups in Africa, South America, and other emerging markets.
Global private equity firm The Riverside Company provided an undisclosed investment amount to the Harvey Tool Company, a specialized cutting tools provider based in Rowley, Massachusetts.
WestPark Capital, a Los Angeles based Investment Banking firm, announced today that it had closed a $2,000,000 private placement for Digital Ally, Inc. Proceeds will be used for general corporate purposes.
Novare Equity Partners opens its second urban real estate investment leg, Novare Africa Poperty Fund II, with $250 million focusing on African countries, specifically Nigeria - where it operates.
