San Francisco, US-based secret-sharing mobile app Secret is set to raise $10 million in venture capital in a funding round led by Google Ventures that will give the startup a $40-million valuation.
Institutional investors
Swander Pace Capital exits Pineridge Bakery to ARYZTA AG
Pineridge Bakery is being sold by its private equity owner Swander Pace Capital to Swiss food firm ARYZTA AG for $340 million, a statement about the deal said.
Gary and Mary West Health Investment Fund invests $5M in Svelte Medical Systems
Svelte Medical Sytems, a maker of balloon expandable stents based in New Providence, New Jersey, has obtained a $5 million equity investment from the Gary and Mary West Health Investment Fund.
iRxReminder gets $250K in seed funding round
An unnamed Washington, DC-based angel investment group supported Ohio-based mobile health application service provider iRxReminder with a $250,000 investment for its seed round, a statement about the financing said.
LA Fitness Group looks to divest 33 of 80 gyms to reduce debt
LA Fitness Group will be selling 33 of its 80 gyms in the UK and Ireland as part of debt-reduction strategy. It had also signed company voluntary arrangements to help reduce its rent, Bloomberg reported.
Latest News
San Francisco, US-based application lifecycle management (ALM) solutions provider Polarion Software Inc nabbed $10 million in a Series A funding round from Munich, Germany-based investment firm Siemens Venture Capital.
California, US-based venture capital firm Norwest Venture Partners (NVP) took a controlling stake in Brighton, New York-based medical device firm iCardiac Technologies for an undisclosed sum.
Arlington, US-based intelligence community investment arm In-Q-Tel (IQT) picked up a stake in Redwood City, California-based analytics data preparation firm Paxata for an undisclosed amount.
Activist investor Casablanca Capital has rejected an offer made by Cliffs Natural Resources to end the proxy battle to gain control of the miner's board, Reuters reported.
Ontario, Canada-based smartphone pioneer BlackBerry sold its Riverside Commons office campus in Las Colinas, Texas to Canadian investor Brookfield Property Group for an undisclosed amount.
London, UK-based music identification app Shazam confirmed the previously rumored $20-million financing from undisclosed investors, which will probably fund the firm's expansion and advertising efforts.
Optio Labs secured $10 million from parent company Allied Minds and other private investors for its Series A funding round. The company provides software solutions for mobile security, a statement about the funding said.
Women-led angel investment network Angel Academe has invested in UK-based Buddybounce, a startup that seeks to help artists determine and reward their "super fans," TechCrunch reported.
Workable, a developer of SME-focused cloud-based recruitment platform, secred a $1.5 million investment in its latest funding round led by Greylock Partners
