McRock Capital, an investment firm in Toronto, has initially closed its Industrial Internet venture capital fund with $50 million in a round led by BDC Venture Capital.
Funding
California stealth firm Luxvue nabs $25.2M for micro-LED tech project
Santa Clara, California-based stealth micro-LED technology firm LuxVue Technology Corp has raised $25.2 million in funding, according to a filing with the Securities and Exchange Commission.
Invincea scores $16M for Series C round
Cyber security solutions provider Invincea Inc said it was able to close its Series C round with $16 million. The equity round was led by new investors Aeris Capital and Dell Ventures.
Atlas Holdings secures $900M for second private equity fund
Greenwich, Connecticut-based Atlas Holdings raised $900 million for the first and final close of its second private equity fund known as Atlas Capital Resources II.
General Motors to spend $1.3 billion in developments of five plants in the US
General Motors Co announced its plans on Monday to invest about $1.3 billion in its five plants across the US to improve its output and create a new transmission, according to a Reuters report.
Latest News
Crowdtilt, a San Francisco, California-based crowdfunding platform, secured $23 million for its Series B funding in a round led by Andreessen Horowitz and was participated by venture capitalists and angel investors.
PassportParking, a provider of cloud-based parking management solutions, raised $6 million for its Series A funding. The round was led by Grotech Ventures and Relevance Capital.
The Japan International Cooperation Agency (JICA) will pour in $2 million in three projects aimed at reviving the degraded Anzali lagoon in Iran, according to an environment official cited by IRNA new agency.
A report by Grant Thornton, an American accounting and advisory firm, said that Indian corporations closed as many as 393 private equity deals totaling $9.67 billion in the past 11 months of the year.
UK-based virtual fitting room firm Metail has received £2.6 million in additional funding as it prepares to move into a new headquarters in East London.
Moscow, Russia-based fund AddVenture has invested $2 million in online jewelry seller Nebo.ru and an undisclosed amount in food delivery startup Chefmarket.ru for their marketing and expansion projects.
The pension funds in Canada were said to have shifted towards private equity in their quest to avoid fees and improve performance to better serve the needs of its retirees, a Businessweek report said.
Irvine, California-based firm Oculus VR has raised $75 million in a funding round led by venture capital firm Andreessen Horowitz to launch a consumer version of the tech firm's virtual reality goggles.
Asian buyout firm PAG has committed $250 million in theme park operator Universal Studios Japan. The said fund will be used to develop a new Harry Potter attraction and expand into other parts of Asia.
