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.

Wish scores $19 million in new round

Startup Wish has received $19 million new investment led by GGV Capital and Formation 8 along with Yahoo's co-founder Jerry Yang while managing director for GGV Hans Tung joined the company's board of directors.


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Marketing and analytics provider Piqora has received $7.7 mln Series A funding round from a number of venture capitalists led by DFJ and joined by Baseline Ventures, Firebolt Ventures, Freestlye Capital, Lazerow Ventures and Altos Ventures.
Tech website Tech.eu has raised a small funding round valued €150,000 from multiple angel investors to support expensive content as it promotes to bridge the gap in the tech industry in Europe.
Quibb has announced receiving $650k seed funding from investors which would be added with another $100k round through Alphaworks, a crowdsourced equity exchange platform.
Maryland, US-based software cybersecurity firm HackSurfer bagged $3.5 million in a recent funding round to provide better cloud-based enterprise data protection for its customers from both private and government sectors.
Montreal, Canada-based institutional fund manager La Caisse De Depot Et Placement Du Quebec poured C$42 million into the Parc des Moulins wind far in Quebec as part of its bid to generate long-term returns for its clients.
Micro-cap investor Irwin "Izzy" Zalcberg has bought shares in Colorado, US-based tech wireless tech firm and cannabis industry solutions provider TechnoConcepts Inc for an undisclosed amount to take advantage of the increasing value of the legal marijuana market in the US.
Merus Capital received a $50 million funding round referred to as 4.0x net for two new funds including Merus Capital Opportunity Fund and Merus Capital II.
St. Petersburg-based HealBe engages crowdfunding goers at Indiegogo.com for GoBe earning $1,084,311 Tuesday, with the original goal set at $100,000.
California-based Pure Storage, specialized in speedy flash-storage boxes for data centers, gobbles up $225 million in their series D round from Investors.
Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.