RallyPoint was able to get USD 5 million in capital commitments from DBL Investors for its Series A round.
Funding
YRC Worldwide Inc asks union for new contract terms to get debt refinancing approval
YRC Worldwide Inc sought new labor contract terms from its union employees to get lenders' approval to refinance the trucking company's borrowings.
TheSkimm raises USD1.1 million seed funding for newsletter
TheSkimm received USD1.1 million in seed funding for the development of its newsletter for busy professionals.
Bambeco Inc raises USD 4.5 million in equity funding
Environment-friendly home furnishing company Bambeco Inc gathered USD 4.5 million in its first institutional fundraising round.
Twitter raises IPO price range after strong demands
Following the strong demand, Twitter raised its IPO price from USD23 to USD25. The social networking site has felt more optimistic than ever about its IPO for potential investor's reports The New York Time's the Deal Book.
Latest News
MediaSpike raised USD5.2 million from investors for the placement of ads in mobile and social games.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Blackberry agreed to enter into a USD billion convertible debenture sale, which would saw its top executives including cheif executive officer Thorsten Heins leaving the company
Nokia Oyj extends its existing patent agreement with the largest mobile phone maker Samsung Electronics Co.
Svelte Medical Systems had closed USD22 million from its latest funding round to be used for its new heart surgery products and research.
According to Alcatel-Lucent SA CEO Michael Combes, investor confidence has returned to the French technology manufacturing firm.
Rapid-I, a leader in predictive analytics market, would be using its recent funding to scale its business in the US.
The bid by Deutsche Wohnen AG for GSW Immobilien AG had reached 78.6% of total shareholdings. The offer made by Deutsche Wohnen AG for the purchase of residential landlord GSW Immobilien AG is considered as the largest real estate acquisition in Germany in the past five years.
As mobile demand increases, so does data storage requirements so Google is now expanding its data centers in the Nordic region.
