Cork, Ireland-based product development services provider PCH International acquired Toronto, Canada-based e-commerce platform ShopLocket for an undisclosed amount to provide development solutions for hardware startups.
Europe
Viridor invests in £25M glass recycling facility in Scotland
UK-based recycling, renewable energy and waste management firm Viridor invested in a £25-million glass recycling facility in Scotland that will help create 300 full-time jobs in the country.
National Asset Management Agency to offer free offices for startups in Ireland
The Irish government will be offering empty buildings owned by the National Asset Management Agency (NAMA) as free offices for startups under the 2014 Action Plan for Jobs.
Spiegel picks up stake in Berlin brain-training startup NeuroNation
Hamburg, Germany-based publishing group Spiegel.net has partnered with accelerator XLHealth to acquire a 25% stake in Berlin-based brain-training startup NeuroNation for an unconfirmed seven-figure sum.
EU launches tech startup accelerator and think tank to follow Silicon Valley's success
In a bid to match Silicon Valley's success, the European Commission (EC) launched the Startup Europe Partnership tech startup accelerator and the European Digital Forum think tank at the World Economic Forum in Davos.
Latest News
US Treasury Secretary Jack Lew and JPMorgan Chairman & Chief Executive Officer Jamie Dimon cautioned on the dangers of using the Bitcoin and predicted that regulation would most likely end it, the Financial Times reported.
Eric Schmidt, the Executive Chairman of search giant Google, has warned that technological advances could eliminate a wide variety of jobs, the Financial Times reported.
Limerick, Ireland-based environmental software developer AMCS Group closed €23.5 million in a funding round led by Highland Capital Partners Europe (HCPE) for its expansion into Europe, Australia, New Zealand, and the Americas.
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.
MMC Ventures has again opened the MMC Growth Generation Fund specifically tailored for young investors aged 18 to 35 years old, allowing them to invest in UK's hard to access but high-growth firms.
Startupbootcamp, the pan-European accelerator, has launched in Istanbul, as investors continue to show interest in Turkey. The accelerator has already began accepting applications for its program.
UK-based media firm Channel 4 (C4) is getting ready to launch a $33 million (£20 million) growth fund that will be invested in various indie production companies in the country.
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.
Cambridge, England-based company Kensho closed a $10-million seed funding round for a cloud-based intelligent market research assistant called Warren that can answer complex financial queries in natural language.
