Deals
XAPPmedia receives $3 million investment
XAPPmedia has received a $3 million funding round from private investors that would be used to support the mobile ads platform of the company referred to as XAPP Ads.
Ondot Systems receives $18 mln invetsment
Ondot Systems has been planning to develop a system that would allow credit and debit card holders to manage all aspects of their accounts through a mobile app making the company received $18 million investment.
Russia's Vimpelcom agreed to sell holdings in Orascom Telecom Algeria
Russian telecoms giant Vimpelcom has agreed to let go of its much disputed holdings in Orascom Telecom Algeria to the Algerian government after buying the telecoms firm from Naguib Sawiris in 2010 for $6 billion.
Stitch raises $3.25 million seed funding
Stitch has raised $3.25 million seed funding led by Google Ventures, Foundation Capital, Freestyle Capital, SoftTech and ENIAC Ventures with participation from angles including Tom Conrad, Brad Garlinghouse and Eric Hahn.