After 12 years in the industry, New York, US-based local group network Meetup closed an undisclosed amount in its second funding round from three major investors to allow some of its employees to exercise their expiring stock options.
Funding
Brazil faces 70 percent fall in fundraising from investors over two year period
Because of its worsening economic climate, private equity and venture capital investors have reduced fundraising for Brazil by more than 70% in the past two years, the Financial Times reported.
Jim Rudnick launches Hamilton, Ontario-focused crowdfunding site
KKT Interactive owner and Snap-pay.com co-founder Jim Rudnick has introduced a crowdfunding site which intends to help entrepreneurs in Hamilton, Ontario, The Hamilton Spectator reported.
Rock Hill backs Oklahoma's Park Energy
Texas, US-based private equity firm Rock Hill Capital Group invested an undisclosed amount in Oklahoma City-based firm Park Energy Services LLC to support its vision of growth and expansion.
Singaporean data analytics firm Crayon Data secures INR7.3 crore for expansion
Singapore-based data analytics firm Crayon Data secured INR7.3 crore in a venture round from Jungle Ventures and Spring Seeds Capital for its expansion into the US, UK, Middle East, and China.
Latest News
Tel Aviv, Israel-based bring-your-own-device (BYOD) startup Nativeflow raised $7.5M in funding to date to allow workers to securely browse and share both personal and corporate data, according to an exclusive report by VentureBeat.
Cloud-based payroll application provider ZenPayroll obtained $20 million from General Catalyst Partners and Kleiner Perkins Caufield & Byers for its Series A round, TechCrunch reported.
K-12 learning analytics company Renaissance Learning secured a $40 million investment from Google Capital, the investment arm of search giant Google that concentrates on late-stage deals, TechCrunch reported.
Brand Embassy, the UK startup that provides an SaaS platform that helps firms improve their customer service on social media, has received $1 million from two new investors, TechCrunch reported.
myTomorrows, a startup based in the Netherlands, got $2.2 million in additional funding from friends and family to give patients with critical conditions access to development-stage therapies, TechCrunch reported.
The venture capital arm of Tokyo-based Internet firm Rakuten, Rakuten Ventures, led the Series A round for Singapore-based ViSenze which raised $3.5 million, TechCrunch reported.
Menlo Park, US-based scientific outsourcing startup and service provider Transcriptic bagged a total of $4.1 million in funding to introduce automation and robots into the process of scientific research.
FireLayers, a cloud security startup backed by YL Ventures, has taken itself out of stealth mode. The startup provides tools that allow companies to securely use cloud applications.
Health and lifestyle investors Tripp Baird and Vishal Vasishth are in the process of raising $150 million for their Builders Fund in San Francisco, based on a document filed with the Securities and Exchange Commission (SEC).
