Flypay, a startup based in the UK that develops an app that makes settling restaurant bills faster, has raised £1 million from Entreé Capital, TechCrunch reported.
Europe
King Digital Entertainment says worth to reach $7.6B after it goes public
King Digital Entertainment, the British developer of the widely-active game Candy Crush Saga, could be valued up to $7.6 billion after it holds its initial public offering, AFP reported.
Money transfer startup Azimo secures $10M in Series A funding round
UK-based money transfer startup Azimo has obtained $10 million for its Series funding round led by Greycroft Partners and joined in by other investors, TechCrunch reported.
India-based Quikr secures $90M in round led by Kinnevik
Online and mobile classifieds platform Quikr has raised another $90 million in its most recent funding round, according to a report on The Economic Times citing a source.
London-based WorldRemit bags $40M in Series A round from Accel Partners
Venture capital firm Accel Partners has invested $40 million in the Series A funding round of money transfer platform WorldRemit based in London, TechCrunch reported.
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Ulmon, the travel app developer based in Vienna, has secured its first round of funding said to be less than $5 million from Global Founders Capital, TechCrunch reported.
UK Prime Minister David Cameron has committed more funds to finance research in the field of Internet of things and a grant for startups focused on the space, VentureBeat reported.
It could take the French competition authority nine months to evaluate the possible takeover of Vivendi's SFR by Bouygues or Numericable for antitrust issues, Reuters reported.
LA Fitness Group will be selling 33 of its 80 gyms in the UK and Ireland as part of debt-reduction strategy. It had also signed company voluntary arrangements to help reduce its rent, Bloomberg reported.
Venture capitalists are putting their support on travel tech startups that seek to enhance the travel experience of consumers even with the popularity of travel booking platforms, TechCrunch reported.
San Francisco, US-based application lifecycle management (ALM) solutions provider Polarion Software Inc nabbed $10 million in a Series A funding round from Munich, Germany-based investment firm Siemens Venture Capital.
The loan-based crowdfuning sector of the UK will be subject to stricter regulations by the UK's Financial Conduct Authority to safeguard the interests of investors and make it more transparent, the Yorkshire Post reported.
For investment banker Natalie Blyth, the bees gave her a business model to follow and teaches her lessons about "risk, efficiency and productivity," Reuters reported.
London, UK-based music identification app Shazam confirmed the previously rumored $20-million financing from undisclosed investors, which will probably fund the firm's expansion and advertising efforts.
