Bulgaria-based courier firm Speedy will acquire the delivery businesses of France-based firm GeoPost in Romania from LA Poste's GeoPost Group and Yurtichi Cargo Servizi AS for €15.3 million.
Deals
Singapore's sovereign wealth fund GIC backs Intelligent Energy Holdings with $63M
GIC, a sovereign wealth fund in Singapore that manages its foreign reserves, has supported UK-based Intelligent Energy Holdings with $63 million, a statement about the funding said.
Cattle-focused wearable startup Silent Herdsman secures £3M in new financing
Silent Herdsman, the startup that has developed wearable technology to determine if cattle is in heat, has bagged £3 million in new funds from an investor syndicate, TechCrunch reported.
UK social shopping startup Nuji nabs $2M in seed funding to build mobile app
London, UK-based social shopping startup Nuji nabbed $2 million in a seed funding round from TAG, Seedcamp, Samos, and other angel investors to launch an iOS app this April.
Chennai Angels backs Indian education startup Skyfi Labs
The Chennai Labs (TCA) and Spark Capital backed Bangalore, India-based engineering education startup Skyfi Labs with an undisclosed amount for its expansion and product development.
Latest News
Texas, US-based PC giant Dell added Tulsa, Oklahoma-based analytics and data visualization software firm StatSoft for an undisclosed sum to beef up its software portfolio.
Texas, US-based PC giant Dell added Tulsa, Oklahoma-based analytics and data visualization software firm StatSoft for an undisclosed sum to beef up its software portfolio.
Virtual View App, a London-based augmented reality startup for the property market, has bagged its first external funding round of $500,000 from unnamed backers, TechCrunch reported.
Pune, India-based software services firm Persistent Systems used its venture capital fund to invest an undisclosed amount in California, US-based hand hygiene solutions startup Hyginex for its international expansion.
Boston, US-based enterprise data management startup Actifio scored $100 million in its Series B funding led by Tiger Global Management for its expansion with its valuation now reaching $1.1 billion.
Young Entrepreneurs Academy (YEA!), an entrepreneurship program for middle and high school students, awarded seed money to five startups in the Tuscaloosa, Alabama area after the student founders presented their business plans.
Nokia said its $7.2 billion deal with Nokia is set to close on April and not in the first quarter of this year as was originally planned, TechCrunch reported.
Facebook founder Mark Zuckerberg, Hollywood actor Ashton Kutcher, and Tesla founder Elon Musk invested $40 million in the second funding round of secretive artificial intelligence (AI) startup Vicarious.
The US Office of Energy Efficiency and Renewable Energy (EERE) awarded $17 million to clean energy businesses across 13 states to tackle the big problem of energy consumption.
