US-listed fund manager Carlyle has invested USD698 million to the sub-Saharan Africa region aiming to focus in the consumer, transport, ICT and financial sectors and adding to J&J Africa, its current investment in the country.
Institutional investors
Atlanta security software firm Damballa pockets $13M in funding for growth
Atlanta, US-based security software provider Damballa pocketed $13 million in venture funding from its existing investors to beef up its sales force and support its growth campaign in North America.
First Foundation Inc. files for IPO
First Foundation Inc, a financial services company offering clients in multiple locations in the US, has filed for an intended initial public offering of common stock with the US Securities and Exchange Commission.
Seven Energy International Limited receives $225 mln equity capital
Seven Energy International Limited has received $225 million equity capital from investors including Singapore's Temasek, IFC and the IFC ALAC Fund to be used for corporate affairs and boosting dometic energy markets in Nigeria.
Avaz AAC receives USD550000 funding round
Avaz AAC has received USD500000 funding round led by Inventus Capital and other investors including Mumbai Angels, Raju Reddy of Sierra Atlantic and Google India MD's Rajan Anandan for the development of an app directed for those who have autism.
Latest News
Beijing, China-based travel and expense management services provider Baoku pocketed $10 million in its Series A funding round led by China Broadband Capital (CBC) and Asiainfo-Linkage to help people reduce their travel costs by 20% to 50%.
HS Group Ltd (HSG) will invest an undisclosed amount in Pleiad Investment Advisors, a new hedge fund in Hong Kong formed by former Soros Fund Management executives Kenneth Lee and Michael Yoshino, which will be launched in the third quarter of 2014.
Canadian real estate investment firm Cannabis Rx reportedly purchased a 9.26-acre property near the Sarasota-Bradenton International Airport in Florida in a $1.2-million deal to turn it into a licensed grow facility or distribution center.
Singapore City, Singapore-based same-day hotel booking app In2Nite raised $2.8M in a venture round led by IDG Ventures and other undisclosed investors to expand its reach across the Asian market.
Two coincidental events took place as Weibo executives rejoiced the warm welcome it received from the international financial markets after its IPO on the NASDAQ and the release of venture capitalist and Weibo user Charles Xue.
Today, home-rental Airbnb has received a rare funding that reached a hefty USD500 million from a funding round from investors led by TPG, Dragoneer Investment Group and T. Rowe Price along with other mutual funds.
Preact announced releasing a new software platform that makes uses of "leading-edge behavioral science, machine learning, and big data analytics" along with receiving a Series A funding round valued USD4.6 million led by Trinity Ventures.
Tuition.io announced that it has received a new investor following its management of more than USD1 billion student loans and finding ways to monetize the site through ads posted on its blogs.
Chinese microblogging site Weibo has cut its offered IPO size after a shaky start taking in only USD286 million from 16.8 million depository shares sold which was far from the expectations on Wall Street.
