Arusha, Tanzania-based solar energy provider Off Grip Electric scored $7 million in a funding round led by Vulcan Capital, SolarCity, and Omidyar Network to power homes with prepaid electricity.
Investors
Indian software firm Persistent Systems invests in California hygiene startup Hyginex
Pune, India-based software services firm Persistent Systems used its venture capital fund to invest an undisclosed amount in California, US-based hand hygiene solutions startup Hyginex for its international expansion.
US data storage startup Actifio scores $100M in funding at $1.1B valuation
Boston, US-based enterprise data management startup Actifio scored $100 million in its Series B funding led by Tiger Global Management for its expansion with its valuation now reaching $1.1 billion.
Young Entrepreneurs Academy awards seed money to five startups of Alabama students
Young Entrepreneurs Academy (YEA!), an entrepreneurship program for middle and high school students, awarded seed money to five startups in the Tuscaloosa, Alabama area after the student founders presented their business plans.
Nokia says Microsoft deal to close next month
Nokia said its $7.2 billion deal with Nokia is set to close on April and not in the first quarter of this year as was originally planned, TechCrunch reported.
Latest News
WelVU, a startup that offers a multimedia patient engagement technology platform, raised $1.25 million from unnamed investors for its initial seed funding round, VentureBeat reported.
Denver, US-based health tech firm Welltok Inc acquired Seattle-based health app developer Mindbloom for an undisclosed amount to establish itself in the mobile health space.
Zaragoza, Spain-based paper and packaging firm Saica purchased Istanbul, Turkey-based paperboard producer OMK for an undisclosed amount to establish its position in the European market.
Winston-Salem, US-based specialty crop developer Technology Crops International (TCI) bought Hampshire, UK-based firm Premium Crops Ltd for an undisclosed amount to expand its product portfolio.
London, UK-based Video-on-Demand (Vod) service Screenburn raised $500,000 (£302,000) in an angel funding round to fuel its expansion for 2014 and to continue monetizing the presence of music and film artists on Facebook.
Chicago, US-based digital interactive application developer elevate DIGITAL scored an additional $3 million in its Series A funding round from SFX Entertainment to expand into new markets.
Makati, Philippines-based cooling solutions provider Concepcion Group is buying a stake in elevator company Otis E&M Co Philippines as a joint venture with Hartford, US-based multinational conglomerate United Technologies Corp (UTC) for an undisclosed amount.
The One World Doll Project, a subsidiary of One World Holdings Inc, secured a capital infusion of $500,000 from a New Mexico-based private equity investor, a statement about the funding said.
Sun Capital Partners has exited Certified Power when its affiliate sold the fluid power and power train solutions provider to Brinkmere Capital Partners. Financial details were not disclosed.
