New York, US-based education solutions provider McGraw-Hill Education purchased Los Angeles, California-based online curriculum tool developer Engrade for an undisclosed amount to meet the increasing demand for digital educational content.
Deals
Vasari chief grabs majority stake in South African spirits firm TNB
Former Whyte & Mackay chief Vivian Imerman grabbed a majority stake in South Africa-based spirits firm TNB through his own company Vasari for an undisclosed sum to expand his portfolio of liquors and spirits.
France-based Wisembly snags $2M from Alven Capital to simplify meetings
France-based startup Wisembly was able to snag $2 million from Alven Capital for its tool that allows users to prepare for, monitor and simplify company meetings, TechCrunch reported.
TAQNIA picks up stake in Acwa solar arm in Saudi Arabia
Saudi Arabia-based development and investment firm Technology Development & Investment Co (TAQNIA) picked up a 50% stake in Sun & Life, the solar energy unit of power and water company Acwa.
40 Israeli firms to be put on auction block for foreign investors
According to a government official, foreign funds are circling the Israeli companies that are going to be put up for sale by the state in a bid to increase competition, Bloomberg reported.
Latest News
Hollywood, US-based digital media firm SpinMedia Group acquired SpinMedia LLC for an undisclosed amount, and poured in $10 million in funding to deal with the company's debts.
Atomic Reach, a platform that enables its clients to reach their target audience by measuring the quality and readability of content, has raised $4 million in funding so far, TechVibes reported.
Barter platform TradeYa Inc was able to raise $1.1 million for its seed round. The company's mobile app allows users to trade goods and services online.
Austin, Texas-based incubator Capital Factory struck a partnership with venture firms Silverton Partners and Floodgate to support tech startups in Austin and trigger and investing "snowball effect."
DataRank was able to secure $1.4 million in seed funds in a round led by New Road Ventures and joined in by FundersClub and other angels. Data Rank enables companies to track conversations about their brands online.
San Francisco, US-based sports-centered social networking platform Sqor raised over $4.4 million out of the targeted $13 million funding round ahead of a major platform update set to take place in February.
Palo Alto, US-based legal search and analytics startup Ravel Law raised $8.1 million in funding to build a tool that will help lawyers cut research time and cut costs, according to an exclusive report by VentureBeat.
nCrypted Cloud, a service that encrypts shared data on Dropbox, Google Drive and others, raised $3 million from angel investors for its seed funding round, TechCrunch reported.
Private equity investment firm Stockton Road Capital has made a minority investment together with affiliates of CCMP Capital Advisors in their purchase of nutrition firm Jamieson Laboratories.
