Medical and recreational marijuana dispensaries in Las Vegas, US are increasingly turning to venture capitalists for seed money due to lack of loan sources, as the drug is deemed illegal by the federal government.
Deals
Private equity-backed Cohera Medical Inc closes Series D round with $26.3M
Cohera Medical Inc, developer of TissuGlu Surgical Adhesive and Sylys Surgical Sealant, received added financing worth $9.3 million to bring its Series D funding total to $26.3 million.
NewsCred nabs $25M in Series C round led by InterWest Partners
InterWest Partners led the Series C funding round for content marketing platform NewsCred which raised $25 million. NewsCred's existing backers also participated in the round.
Worldwide venture capital funding for wind energy sector rose 44.4% to $455M in 2013- study
Mercom Capital Group data revealed that venture capital funding for firms in the wind energy industry increased 44.4% to 455 million around the world last year, the Business Started reported.
Fashion e-commerce site Lyst nabs $14M in Series B round led by Balderton Capital
Fashion e-commerce company Lyst was able to secure $14 million for its Series B funding round led by Balderton Capital and joined in by DFJ Esprit, Accel Partners and angel investors.
Latest News
Berlin, Germany-based multi-mode travel search engine GoEuro received millions in investment in a post-seed funding round from Lakestar to expand its market footprint beyond the UK, Germany, and Spain.
Seven Mile Capital Partners has purchased Microporous, formerly called Amerace, giving a new lease on life on the battery parts supplier headquartered in Northeast Tennessee, news website TriCities.com.
Venture capital group Nexus Venture Partners will pour INR30 crore into Pune, India-based cybersecurity company Uniken to fund its expansion into Israel and the US.
Former Apple Chief Executive John Sculley is betting that telemedicine startup MDLive will be able to bring medical practice to the modern age, VentureBeat reported.
Singapore-based online grocery store RedMart secured $5.4 million in a bridge round that will be used to construct its logistics infrastructure and technology in preparation for growth and expansion.
US venture capital investment hardly moved last year but was already trending upwards as investments in the fourth quarter increased, The Wall Street Journal blog Venture Capital Dispatch reported.
Boston, US-based startup Change Collective raised $1.4 million in seed funding from local investors to develop a self-improvement mobile website and native app and to expand its workforce.
Boston, US-based alcohol delivery mobile app Drizly pocketed $2.25 million in a seed funding round led by Atlas Ventures to expand its liquor delivery services beyond New York City.
Startup Zepp Labs Inc secures $15M in Series B funding to help sports enthusiasts step up their game
Zepp Labs Inc, a startup based in Los Gatos, California, closed its Series B round with $15 million to develop wearable technology to enable sports enthusiasts to step up their game.
