Chicago, US-based venture capital (VC) fund NIN Ventures, a firm being managed online, is taking advantage of the JOBS Act to raise funds publicly from accredited investors.
Finance/Venture
PayPal President David Marcus admonishes employees for not installing company's app
PayPal President David Marcus berated employees in its headquarters in San Jose, California for not patronizing their own products, telling them to quit if they insist on doing so, VentureBeat reported.
New York startup Datacoup wants your data for $8 a month
New York, US-based personal data exchange startup Datacoup is running a beta trial where people are paid $8 a month in exchange of access to their social media account and credit and debit card transactions, with the data collected to be sold to advertisers.
San Francisco's Revel Systems integrates Bitcoin transactions into POS platform
San Francisco, US-based point-of-sale system provider Revel Systems integrated Bitcoin transactions into its payment platform to grant its customers access to the latest payment methods.
Social commerce site Tapiture secures $2.25M in seed round
Tapiture, a site where users can access millions of their favorite things, received $2.25 million for its seed funding round from various investors, TechCrunch reported.
Latest News
Kaltura, an open source video platform based in New York, has bagged additional funding of $47 million in a round led by new investors and participated in by its existing backers.
The biggest Bitcoin exchange Bitstamp has temporarily halted processing withdrawals because of a denial-of-service attack but assured users that no funds have been compromised, TechCrunch reported.
Intel Capital has forayed into the fast-growing world of 3D printing by making an investment in two 3D printing companies, Lithuania-based CGT Trader and US-based makexyz.
SalesGossip, a UK-based site that provides members with exclusive access to fashion and beauty retailers' sales and promos, closed its second angel round with £600,000, TechCrunch reported.
Of the 16 startups chosen by Microsoft Ventures for its Summer 2014 batch, six will be part of the Accelerator Plus program that targets more mature firms, TechCrunch reported.
To streamline its private equity and real estate fund operations, South Africa-based IDS Fund Services has selected the technology solutions offered by eFront, a statement said.
Kickstarter, a crowdfunding site, won the "Best Overall Startup" at the 2013 Crunchies, besting other tough contenders in the category which included Uber, CloudFlare, Snapchat and Twitter, TechCrunch reported.
The Number 1 travel search engine in Russia, Aviasales, has obtained a $10 million investment from iTech Capital who will take a minority stake in the company which operates under the JetRadar brand internationally, TechCrunch reported.
Skopos Financial, LLC, an indirect, national subprime auto finance company, today announced it has grown its base of franchise dealer partners by more than 120 percent. The company has also increased its presence across the United States with the addition of seven new states where the lender is doing business. These states include Indiana, Tennessee, Ohio, Colorado, South Carolina, Alabama and Illinois.
