Munich, Germany-based firm Bragi launched a crowdfunding campaign on Kickstarter to build wireless smart earphones called The Dash, which has sensors that can track fitness activity and vital signs.

Creathor Ventures and Northcap-backed mobile e-commerce platform Shopgate has purchased Magento developer MagCorp for an undisclosed amount. As part of the deal, MagCorp's developers will be joining the Shopgate team, TechCrunch reported.

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.

MPC Synergy Real Estate, a private equity firm that formed a joint venture with Akme Projects, will be exiting its investments in the India- based firm, according to sources interviewed by The Economic Times.

Some European filmmakers that have turned to crowdfunding, which is still in its early stage in Europe, are facing a different set of challenges, Variety reported.

Germany-based sporting goods maker Adidas AG has filed a lawsuit against Under Armour Inc for allegedly infringing on its patents related to mobile fitness, Bloomberg reported.

Investors which include Phenomen Ventures have given additional financing to the tune of $20 million to Rocket Internet-incubated foodpanda and its affiliate hellofood, TechCrunch reported.

According to Reuters, Lone Star is itching to exit from German bank IKB as European Central Bank and the European Banking Authority will begin to run mandatory health tests in banks this year.

Sunnyvale, US-based GPS app maker Telenav acquired Berlin, Germany-based navigation startup Skobbler in a deal valued at approximately $24 million in a combination of cash and common stock.

Munich, Germany-based secondhand clothes marketplace Vinted landed $27 million in a Series B funding round led by Insight Venture Partners and Accel Partners for its expansion to the US.