RallyPoint was able to get USD 5 million in capital commitments from DBL Investors for its Series A round.
Growth Equity
LiveQoS gets USD 4 million in Series C round from Miralta Capital
Cloud and mobile Quality of Service or QoS provider Live QoS received USD 4 million in Series C financing from Miralta Capital.
Zoomingo receives USD 1.25 million from existing investors
Existing investors pledged USD 1.25 million for Zoomingo's shopping application. Zoomingo was able to raise USD 1. 25 million for its shopping and deal finding application.
Midatech raises GBP10 million through funding round
Midatech's unique biocompatible gold-nanoparticles raised GBP10 million from investors. One of the global leaders in nanomedicine design, synthesis and manufacturing, Midatech Ltd, announced the completion of the issuance of its new equity.
Ford Motor Corp set to expand fifth unit for Middle Eastern and African markets
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
Latest News
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Blackberry agreed to enter into a USD billion convertible debenture sale, which would saw its top executives including cheif executive officer Thorsten Heins leaving the company
Svelte Medical Systems had closed USD22 million from its latest funding round to be used for its new heart surgery products and research.
Rapid-I, a leader in predictive analytics market, would be using its recent funding to scale its business in the US.
As mobile demand increases, so does data storage requirements so Google is now expanding its data centers in the Nordic region.
PurThread Technologies, a textile company which had pioneered the technology to reduce bacteria in textile fibers, received over USD7 million in funding led by board chairman Richard Bodman.
Edmond de Rothschild raises EUR192 million or USD250 million for its BioDiscovery 4 fund. The Edmond de Rothschild Investment Partners have announced the closure of its BioDiscovery 4 Venture capital fund for European life science companies.
Hookipa Biotech AG, whose Vaxwave Technology, would help in the furtherance of infectious disease control and cancer management.
Germany's Henkel had made plans to increase sales in MENA for the next few years. Henkel, the German cleaning products manufacturer known for brands such as Persil and Schwarzkopf, has laid out plans to boost sales by 40% in emerging markets such as the Middle East.
