PayNearMe, a company based in Sunnyvale, California that allows cash lovers to pay for their online transactions in cash, has raised $20 million for its fifth financing round, VentureBeat reported.
Funding
British fashion startup ASAP54 picks up $3M in venture round
London, UK-based startup ASAP54 picked up $3 million in a recent venture round to support the development and international expansion of its mobile fashion search and discovery app.
US-based startup Snippit pockets $500K in seed round to launch an app that adds music clip to photos
San Francisco, California-based startup Snippit pocketed $500,000 in an internal family seed round to launch an app that lets users add a music clip to photos.
San Francisco's Experiment.com uses crowdfunding to to push scientific research
San Francisco, US-based scientific research crowdfunding platform Experiment.com (formerly Microryza) opened its site to include independent scientists in the scientific communities that the firm supports.
Eight startups present to investors on StartX's demo day
Eight startups that graduated from the Fall 2013 class of StartX, the non-profit accelerator for entrepreneurs in the Stanford community, held a demo day in Silicon Valley, TechCrunch reported.
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Yobie Bejamin, the former Chief Technology Officer (CTO) of Citigroup, raised $1 million on via crowdfunding platform Kickstarter for hardware startup Avegant's new kind of headset called Glyph.
Datamolino, a Slovak startup processes invoices and receipts without the need for manual data entry, has received €500,000 for its seed financing round from Slovak Innovations and Technologies Fund, TechCrunch reported.
New York, US-based startup Docurated nabbed $3.75 million in its first major funding round led by Rogers Venture Partners to help companies index and search for their files on local servers and cloud storage services.
Allovue, an education technology firm based in Baltimore, Maryland, received $800,000 for its seed funding round from Maryland Technology Development Corporation, Baltimore Angels and Shulman Ventures.
Y Combinator, SV Angel, Max Levchin and other investors provided seed funds amounting to $2 million to San Francisco, California-based "pre-commerce" platform Celery to help grow the team and develop its storefront features.
Teqcycle Solutions, a Munich-based firm that provides mobile devices trade-in and reuse solutions, has bagged an undisclosed investment from T-Venture Holding, a subsidiary of Deutsche Telekom.
A fintech incubator has just been rolled out by pan-European accelerator Startupbootcamp in London. The FinTech bootcamp is backed by big names that include Lloyds, Rabobank and MasterCard, TechCrunch reported.
Birdback, a London-based fintech startup, has obtained $2.4 million in its funding round led by Passion Capital and joined in by Paul Nikkel, Luke Johnson, Playfair Capital and #1seed, TechCrunch reported.
Indian fashion portal confirms $50M capital injection from Premji Invest and rejects Flipkart merger
Bangalore, India-based fashion portal Myntra confirmed that it raised $50 million in a new funding round led by Premji Invest, and decided not to pursue a merger with Indian e-commerce giant Flipkart.
