Bitcoin' chances to get recognition as a legal form of money or payment has been slimmed down again when a top foreign currency in Sweden, SEB AB, denied its clients' requests to open accounts in the bank to manage Bitcoins the latter owned.
Finance/Venture
Blue Bottle Coffee raises $25.7M
Blue Bottle Coffee was able to raise a $25.7 million investment in a financing round led by Morgan Stanley Investment Management, a source told TechCrunch.
Origami Logic closes Series B financing with $15M
Marketing intelligence solutions provider Origami Logic secured $15 million for its Series B financing round led by venture capital firm Jafco Ventures and joined by existing investors.
Colorado-based firm GutCheck secures $4M in funding to test out business ideas
Denver, Colorado-based online market research firm GutCheck secured $4 million in a funding round led by Icon Venture Partners to test out the potential of different business ideas.
US credit card wallet Coin raising $15M in Series A funding -sources
San Francisco, California-based credit card wallet Coin is currently raising around $15 million in a Series A financing round, according to several sources knowledgeable on the situation.
Latest News
Igenica Inc, the biopharmaceutical firm dedicated to developing antibodies and antibody-drug conjugates to treat the Big C, obtained $14 million in its Series C extension round.
Sightly was able to obtain $1.7 million in seed funds in a round led by Mac Capital and participated in by other investors which included Tomorrow Ventures and 500 Startups.
Sameer Gehlaut, the Chairman and Co-Founder of Indiabulls Group, backed stealth mobile messaging and social networking startup MyActivityPal Inc with a $5 million investment for its Series A found.
Secure mobile messaging app for enterprises Cotap raised $10 million for its Series B funding round led by Emergence Capital Partners. So far, the latest proceeds brought to $15.5 million Cotap's total funds raised.
RenovoRx Inc, a privately-held medical device maker, closed its series B funding round with $1.15 million. The financing was led by one of the largest angel groups in the US, Golden Seeds.
GoCardless, a payments platform for online Direct Debits in the UK, was able to obtain $7 million for its Series B funding round led by venture capital firm Balderton Capital.
General Electric Co Chief Executive Officer Jeffrey Immelt has asked private investors to pour more funds in African nations where government-run services have been strained, Bloomberg reported.
Although they have remained silent for the good part of 2013, venture capitalists are now going back to China as the IPO market opens, but strategic investors are offering tough competition, The Wall Street Journal blog Venture Capital Dispatch reported.
The annual average return of university endowments was pegged at 11.7%, according to figures from the National Association of College and University Business Officers and the Commonfund Institute, Bloomberg reported.
