Peer-to-peer financial lending platform Ppdai received a significant investment worth USD35 million from the financial arm of Alibaba Group, said sources who were familiar with the transaction.
Growth Equity
Private equity firms turn away from renewable energy investments- report
A report from the Financial News website said private equity companies were now looking for investments in fossil fuels prompted by large discoveries of shale gas in the US.
UK's CDC Group intends to ramp up investments in India despite difficulties
The CDC Group, the development finance institution of the UK government, will be pouring more investments in India despite the sluggish economy, delayed reforms and a competitive private equity market.
Signum Dermalogix wins USD 1.6 million grant from National Institute of Arthritis and Musculosketal and Skin Diseases
A USD 1.6 million Small Business Innovation Research Phase II grant was awarded to biopharmaceutical company Signum Dermalogix from the National Institute of Arthritis and Musculoskeletal and Skin Diseases.
Greenhouse receives USD 2.7 million investment in round led by The Social+Capital Partnership, Resolute.vc
The Social+Capital Partnership and Resolute.vc led the USD 2.7 million investment round for software recruitment solutions provider Greenhouse. Other investors like Bill Lohse of Pinterest and Seth Goldstein of DJZ and Turntable.fm also supported Greenhouse.
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Russian millionaire and entrepreneur Yuri Milner recently led a Series B funding round for genetics upstart GenapSys for the commercialization of the company's genome-sequencing platform.
Sumpto said it secured USD 350,000 in funding from SocialStarts.net and Nick Brien to bring more partners to its platform that measures the social influence of college students.
San Francisco-based mobile gaming powerhouse TinyCo landed USD20 million in a funding round from Pinnacle Ventures and Andreessen Horowitz, to be used for the development of its iOs and Android games.
Formation 8 led the Series B round for preschool-focused digital learning company Kidaptive which raised USD 10.1 million to further develop its first product, Leo's Pad: Preschool Kids Learning Series for iPad.
Two weeks after filing for an initial public offering, Go Launcher's parent company Sungy Mobile raised USD20 million in investment from Chinese antivirus software company Qihoo360 and Kingsoft.
creativeLIVE, a live online classroom that provides free learning sessions, received USD21.5 million in its Series B financing round, and will be using it for its planned mystery investment in infrastructure and company expansion.
An analysis of the filings made by small businesses with the US Securities and Exchange Commission indicate that more than 320 of them would want to raise funding via social media, and a handful had already raised funding.
New York-based wealth advisory firm Snowden Capital Advisors LLC entered into an agreement with private equity fund Estancia Capital Partners LP for a strategic growth capital investment.
Additional requirements on the amended Jumpstart Our Business Startups Act (JOBS) of 2012 would still hinder entrepreneurs and companies to secure funding via social media sites like Facebook and Twitter.
