Remote diagnostics company AetherPal secured USD6 million in Series A funding for the development of its pre-loaded software for smartphones.
Funding
Advantage Rent a Car to seek bankruptcy protection
Advantage Rent a Car was hived off by Hertz to comply with regulatory authorities. Advantage Rent A Car would be filing for bankruptcy after Hertz had terminated lease agreements over vehicles that Advantage was able to use in its operations.
Rocket Internet-backed Linio obtains USD50 million in new funding
E-commerce company Linio's USD50 million new investment would go towards company expansion. According to a VentureBeat report, e-commerce company Linio received an additional USD50 million in investment.
Brentwood Associates affiliate acquires Allen Edmonds Corp.
The leather goods specialist Allen Edmonds Corp is purchased by an affiliate of Brentwood Associates.
Midatech raises GBP10 million through funding round
Midatech's unique biocompatible gold-nanoparticles raised GBP10 million from investors. One of the global leaders in nanomedicine design, synthesis and manufacturing, Midatech Ltd, announced the completion of the issuance of its new equity.
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Solar energy startup Terrajoule secured a USD11.5 million funding from Air Liquide and other investors.
Celebrity Justin Bieber invested USD1.1 million as seed round for a new social media network for teens.
Garantia Data had renamed itself to RedisDB, following a USD9 million investment round. Aside from acquiring USD9 million in funds, Garantia Data had changed its name to RedisDB.
Spire Capital would be selling Just Marketing International to Chime Communications in deal worth USD 76 million.
After seven months since its launch, Sold announced it had been purchased by Dropbox for USD1.2 million.
Clothing company Joules scored a GBP 22 million investment from private equity company Lloyds Development Capital.
Vista Equity partners reached its USD1.1 billion target for its second Foundation Fund. Vista Equity Partners closed USD1. 1 billion for its second Foundation Fund for small and mid-cap software entities.
Dallas-based TI and 7-Eleven executives attended a forum in the Southern Methodist University where corporate venture capital was discussed.
Velocity Venture Capital accepted 10 technology startups into the third level of its Business Accelerator program.
