Waltham, Massachusetts-based data security firm Verdasys landed $12 million in a new venture round for its market and product expansion as it named former McAfee executive Kenneth Levine as its new Chief Executive Officer (CEO).

Activist investor Carl Icahn has suggested a partial spinoff of payments platform PayPal from eBay. This time, he is suggesting a 20% IPO of PayPal, VentureBeat reported.

Chatwala, a New York-based messaging app startup that puts users in control of conversations, has secured $625,000 from individual investors for its seed financing round, VentureBeat reported.

Palo Alto, US-based late-stage investment firm Technology Crossover Ventures (TCV) raised $2.23 billion for its eighth growth equity fund from European and Asian private and public pension funds, financial institutions and other investors.

Alibaba invested $215 million in the newest round for Tango while previous investors poured $65 million in the latest $280 million round for mobile messaging network Tango, VentureBeat reported.

Accel Partners was able to raise a combined total of $1.475 billion for the Accel XII and the Accel Growth III funds while Jim Breyer will be reducing the role he plays in the venture capital firm, Forbes reported.

Investment management firm Blue Ocean invested $5 million in Fort Collins, Colorado-based dental firm St Renatus for the latter's drug application for its needle-free anesthetic.

New York, US-based data management platform Lotame acquired San Mateo, California-based mobile audience management startup AdMobius for an undisclosed amount to beef up its publishing and marketing services.

Digital health company Augmedix announced that it was able to secure venture funding amounting to $3.2 million from DCM and Emergence Capital Partners, a statement about the financing said.

Platfora, a big data analytics software platform, has secured $38 million for its latest funding round led by Tenaya Capital and participated in by other investors, TechCrunch reported.