Kuala Lumpur, Malaysia-based taxi app GrabTaxi closed its Series A round with more than $1 million from Singaporean state-owned investment firm Vertex Ventures to conquer Southeast Asia.
Funding
GE Financial Services funds Rockland's acquisition of Elgin Energy Center in Illinois
GE Financial Services is lending $50 million to investment company Rockland Capital LLC to be used for the latter's acquisition of power generation facility Elgin Energy Center in Illinois, US.
American wine app Drync lands $2.1M in funding
Boston, Massachusetts-based wine discovery mobile app Drync landed $2.1 million in a funding round from institutional and angel investors to build its wine shopping platform.
California-based semiconductor developer Ineda scores $17M in Series B round
Santa Clara, US-based low-power SoCs (system on a chip) developer Ineda Systems scored $17 million in a Series B funding round led by Walden-Riverwood Ventures to develop products that can be used in wearable devices and Internet of Things (IoT).
Canadian social reading community Wattpad pockets $48M in Series C funding
Ontario, Canada-based social reading community Wattpad pocketed $48 million in its Series C funding from its existing investors to expand its workforce and develop its product.
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Bangkok, Thailand-based digital publication platform Ookbee landed $7 million in a Series B funding led by Japanese outsourcing firm Transcosmos to fuel its Southeast Asian expansion.
Northwestern University (NU) trustees Michael Ferro Jr and Pat Ryan Jr each donated $2 million to build an incubator space called the Garage near the Henry Crown Sports Pavilion where student entrepreneurs can develop projects, classes, and businesses.
Boston, Massachusetts-based mobile healthcare management platform Wellframe nabbed $1.5 million in a seed funding round from several high net worth individuals to provide patients with an app that will serve as their personal digital nurse.
Oneonta, US-based large format ultracapacitor manufacturer Ioxus secured $21 million in its Series C funding round to help address climate change by integrating its products into hybrid buses in China.
Davis, California-based agricultural biotech firm BioConsortia Inc took hoe $15 million in a Series B funding led by Khosla Ventures and Otter Capital to accelerate the commercialization of its crops.
London, UK-based innovation hub TrueStart raised $5 million in a seed funding round to invest in 20 retail and consumer startups in Europe every year and provide them with legal and recruitment support.
San Francisco, US-based cloud storage giant Dropbox has raised $500 million in a debt funding reportedly led by JP Morgan for the construction of its new data centers, according to a source familiar with the situation.
Ireland-based same-day hotel booking startup Hot Hotels bagged $1 million (€730,000) in funding from private investors and accelerator funds to fuel its expansion into Europe and South America.
Barcelona, Spain-based online voting firm Scytl pocketed a $40 million investment from Palo Alto, US-based growth equity fund Vulcan Capital for its research and development as well as strategic acquisitions.
