Santa Clara, US-based low-power SoCs (system on a chip) developer Ineda Systems scored $17 million in a Series B funding round led by Walden-Riverwood Ventures to develop products that can be used in wearable devices and Internet of Things (IoT).
Investors
Florida digital receipts firm FlexReceipts closes $1.4M in Series A funding
Windermere, US-based digital receipts provider FlexReceipts LLC closed $1.4 million in a Series A funding round led by early stage venture fund venVelo to fuel its sales and marketing expansion.
GE Financial Services funds Rockland's acquisition of Elgin Energy Center in Illinois
GE Financial Services is lending $50 million to investment company Rockland Capital LLC to be used for the latter's acquisition of power generation facility Elgin Energy Center in Illinois, US.
US firm iControl Networks acquires Canadian home automation device maker Blacksumac
Redwood City, US-based remote home monitoring company iControl Networks acquired Ottawa, Canada-based home automation device maker Blacksumac for an undisclosed amount to expand its product portfolio.
Rural Broadband Investments snaps up Poplar Bluff cable system
Kansas, US-based broadband infrastructure investor Rural Broadband Investments LLC snapped up the cable system catering to Poplar Bluff, Missouri, for an undisclosed amount to provide people with better cable and internet services.
Latest News
Ontario, Canada-based social reading community Wattpad pocketed $48 million in its Series C funding from its existing investors to expand its workforce and develop its product.
Belfast, Ireland-based home-brewing firm Cargo bagged £82,000 in funding from Invest North Ireland (NI) for the development and marketing of its smartphone-controlled beer-making robot Brewbot.
Social media giant Twitter snapped up Cover, a startup that offers a lock screen and app drawer for Android devices, for an undisclosed amount, to boost its popularity among Android users.
London, UK-based visual customer analytics firm Trak.io emerged from private beta and raised $150,000 in seed funding from Kima Ventures last August to track the behavior of startups' customers.
Kuala Lumpur, Malaysia-based taxi app GrabTaxi closed its Series A round with more than $1 million from Singaporean state-owned investment firm Vertex Ventures to conquer Southeast Asia.
Bangkok, Thailand-based digital publication platform Ookbee landed $7 million in a Series B funding led by Japanese outsourcing firm Transcosmos to fuel its Southeast Asian expansion.
Northwestern University (NU) trustees Michael Ferro Jr and Pat Ryan Jr each donated $2 million to build an incubator space called the Garage near the Henry Crown Sports Pavilion where student entrepreneurs can develop projects, classes, and businesses.
Boston, Massachusetts-based mobile healthcare management platform Wellframe nabbed $1.5 million in a seed funding round from several high net worth individuals to provide patients with an app that will serve as their personal digital nurse.
Former Zenith executive Andrew Cope bought a significant stake in Huddersfield, UK-based fleet management firm FMG for an undisclosed amount and will become part of the company's board.
