Kingsoft Office Software, a China-based software company, which was recently incorporated in the U.S, has secured USD 50 million in new funding from Morningside Group, GGV Capital, and Shunwei China Internet Fund.
Funding
Indian Angel Network eyes investment opportunities in UK, Singapore
The Indian Angel Network, the country's oldest and largest angel investor network, is hunting for investment opportunities in the UK and Singapore. IAN expects to announce its first UK deal during the first half of 2014, while it will begin its Singapore operations in the latter half of next year.
Private messaging app Wickr redesigns amid fundraising
California-based private messaging app Wickr had redesigned and is in the middle of a USD7.4 million fundraising, according to a document filed with the Securities and Exchange Commission (SEC) today.
Prompt.ly gets USD 1.5 million seed funding from investors
Prompt.ly, a startup that provides a mobile-based SaaS platform for "The Invisible Economy" of service providers has received USD 1.5 million in seed funds from Facebook's Ethan Beard, Subtraction Capital and other investors.
CharityBuzz raises USD100 million for good causes
New York-based online auction site CharityBuzz has raised USD100 million in funding for good causes such as UNICEF, Breast Cancer Research Foundation, St. Jude's Children's Research Hospital, by auctioning off time and possessions of famous people.
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Optoro Inc, a Washington, DC-based reverse logistics company has raised an undisclosed further Series B funding from Swan & Legend Venture Partners. Earlier this year, they have secured an earlier Series B funding amounting to USD 23.5 million from Revolution LLC and Grotech Ventures.
WePopp, a social planning app based in Paris, France, announced that it has secured EUR 130,000 from a small group of France-based angel investors. The newly injected funds will then be used to lure in more users to its system.
The acquisition by Virgin Connect-affiliate Trivon AG of The MegaMax Group in the Nizhny Novgorod region of Russia dispelled a rumor about the former's business in trouble in the region.
Spanish bank Banco Popular announced the sale of its property management units to US-based investment companies Varde Partners and Kennedy Wilson for an undisclosed amount.
The Japanese government is set to launch the Cool Japan Fund which aims to use USD1 billion of public funds to boost the exports of certain foods, drinks, fashion, animated movies, and other products.
A consortium of venture capitalists had helped Editas Medicine raised USD43 million in Series A financing to create medicine designed to eradicate gene abnormalities.
The Malaysian consortium made up of Sime Darby Property, SP Setia Bhd and the Employees Provident Fund, have secured GBP790 million in syndicated funding to acquire the Battersea Power Station in the United Kingdom.
The Wall Street Journal said private equity firms may soon be returning to Spain and Italy. The report cited data from Preqin and the information presented given by several sources.
Veenome Inc, an Arlington, VA-based platform that translates video into data, has announced that it had secured USD 1 million in funding. The funding will be used to expand their team, which has been lean so far and at the same time, will be used to expand its business.
