San Francisco, California-based startup Fundbox emerged from stealth mode and nabbed $17.5 million in a funding round led by Khosla Ventures to help small and medium-sized enterprises get access to cash to clear their invoices within a day.

San Francisco, US-based cloud service marketplace AppDirect nabbed $35 million in its third funding round led by Mithril Capital Management to fuel its growth campaign.

Seplat Petroleum Development Company has set its price for an IPO at USD1.67 per piece with dual listings on the Nigerian Stock Exchange and the London bourse, reported Ventures Africa.

Hospitality startup Airbnb has increased its service arm to Los Angeles through a partnership with Homejoy and Handybook, reported TechCrunch.

The merger between Holcim and Lafarge was expected to establish the biggest cement company in the world, reported Ventures Africa.

Massachusetts, US-based software professional training tool provider PluralSight purchased Oklahoma City-based creative software training services Digital-Tutors in a deal valued at $45 million to increase its educational content.

Quora has announced taking a bigger step into expanding its business similar offering services similar to that of Wikipedia's, reported Venture Beat.

According to Bloomberg's Billionaire Index, the selloff of technology shares caused the wealthiest men in Silicon Valley to lose USD11.5 billion.

Tel Aviv, Israel-based mobile gallery startup Flayvr grabbed $2 million in seed funding from institutional and angel investors to help smartphone users organize their gallery photos for easy viewing and sharing.

Small businesses can now apply for fast-approved business loans following the announcement of Kabbage which has taken in USD270 million more on its credit facility, reported Venture Beat.