Canada-based finance company FinanceIt raised USD13 million in a Series A funding round to be used for the expansion of its services to the United States.
Funding
Private equity-backed Endeavor Energy, Joule Africa to construct USD500 million power project
Texas-based Endeavor Energy announced that it has inked a joint development agreement with Joule Africa to construct the USD500 million Bumbana Phase II Power Project. Endeavor Energy obtained a USD100 million funding from private equity firm Denham Capital.
Bumi Chairman says lender gives funding for Bakrie stake acquisition
Bumi Chairman Samin Tan confirmed to Bloomberg by email that a lender had given him approval to finance his acquisition of the stake held by the Bakrie Group in the Indonesia-based coal producer.
LoneStar Heart raises USD2.4 million in Series C funding
California-based biomedical firm LoneStar Heart Inc raised almost USD2.4 million in a Series C financing round from unnamed venture investors, which would be used for the company's heart therapies for advanced heart failure patients.
Wellness startup ALOHA nabs USD4 million in seed funding
Food and healthy lifestyle startup ALOHA was backed by over USD4 million in seed capital for the launching of the company's core nutritional supplement products.
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Massachussetts-based TV advertising platform Clypd raised USD7.2 million in Series A-1 funding from Atlas Ventures, Freestyle Capital, Boston Seed Capital, and angel investors John Battelle and Brightcove.
Singapore's CapitaMalls Asia Ltd. said it would buy a shopping mall located in Guangzhou, China for USD361 million. CapitaMalls Asia would purchase the said property from Chinese Greenland Real Estate.
Cloud-based recurring revenue management solutions provider Aria Systems was able to get USD 40 million from Bain Capital Ventures and other investors for its fourth funding round.
Bank of America Merrill Lynch or BofAML has topped Citibank and Morgan Stanley in executing deals in India for the past 11 months, completing transactions worth USD 7.96 billion.
After years of continued growth since the first modern accelerator began in 2005, the startup accelerator trend has slowed for the first time in 2013, according to a report from TechCrunch.
Dr. Peregrino Brimah of Every Nigerian Do Something or ENDS said Africa is not ready for Africapitalism at this time. He cited the reasons for this in his essay entitled "Is Africapitalism Good Or Bad For Africa?"
Tyra Banks has invested an undisclosed amount on Locket, a mobile advertising app made for Android smartphone lockscreens, through her company's investment arm Fierce Capital.
TCAS Online, a student accommodation management systems provider based out of Dublin, Ireland, received EUR650,000 in fresh funding from private investors including Kernel Capital Partners.
Index, a startup that provides software to enhance customer experience in physical stores, received USD7 million in Series A investment from investors including Innovation Endeavors, of which Google executive chairman Eric Schmidt is a co-founder.
