Velocity Venture Capital accepted 10 technology startups into the third level of its Business Accelerator program.
Deals
Hong Kong's Man Wah Holdings closes at two-year high
Hong Kong sofa supplier Man Wah Holdings lifted its owners' stocks to USD1.1 billion after it closed at its highest level in two years.
Dropbox acquires Sold for USD1.2 million
After seven months since its launch, Sold announced it had been purchased by Dropbox for USD1.2 million.
Private equity firm Lloyds Development Capital invests GBP 22 million in clothing brand Joules
Clothing company Joules scored a GBP 22 million investment from private equity company Lloyds Development Capital.
Atlantic Express Transportation Corp seeks bankruptcy protection
School bus company Atlantic Express Transportation Corp filed for debt relief. Atlantic Express Transportation Corp sought Chapter 11 bankruptcy protection, according to a court filing.
Latest News
BlackBerry Interim CEO John Chen stressed his experience to be able to turn around the firm. in light of the pull out of Fairfax Financial Holdings and the removal of their CEO, BlackBerry did damage control in appointing John Chen as its interim CEO and executive chairman.
Twitter reprices its IPO shares to USD23 and USD25 per share, pegging the volume price at USD1.75 billion.
YRC Worldwide Inc sought new labor contract terms from its union employees to get lenders' approval to refinance the trucking company's borrowings.
TheSkimm received USD1.1 million in seed funding for the development of its newsletter for busy professionals.
Environment-friendly home furnishing company Bambeco Inc gathered USD 4.5 million in its first institutional fundraising round.
Following the strong demand, Twitter raised its IPO price from USD23 to USD25. The social networking site has felt more optimistic than ever about its IPO for potential investor's reports The New York Time's the Deal Book.
GE Ventures entered the crowdfunding arena by partnering with the OurCrowd platform. GE Ventures embraced crowdfunding today by partnering with OurCrowd, an Israeli crowdfunding platform.
Following the exit of BlackBerry's CEO, the company's shares dropped to 16%. On Monday, BlackBerry Ltd had abandoned plans to sell and its CEO had stepped down.
Canada-based private equity firm Lynx Equity bought lighting fixtures maker Valuelight Limited. Lynx Equity announced its purchase of Valuelight Limited.
