San Francisco, US-based cloud storage giant Dropbox acquired Cambridge, Massachusetts-based stealthy workplace chat solution Zulip for an undisclosed amount to integrate its services into its product offering.
Investors
Norwegian sovereign wealth fund to invest in renewable energy
Norway announced that it is letting its sovereign wealth fund World Wildlife Fund (WWF) lead a major investment in the renewable energy sector of the country to reduce greenhouse gas emissions.
AltSchool bags $33M in Series A round
Founders Fund and Andreessen Horowitz led the Series A round of AltSchool, the startup that seeks to provide personalized education to students, which secured $33 million, TechCrunch reported.
NVM Private Equity backs management buyout of No.1 Traveller with £7M investment
NVM Private Equity has invested £7 million for the management buyout of No. 1 Traveller, an airport hospitality specialist, a statement about the funding said.
Michigan-based Blackford Capital purchases Grand Transformers Inc
Blackford Capital, a Michigan-based private equity firm, has acquired Grand Transformers Inc or GTI. Financial details about the transaction were not disclosed in the statement about the funding.
Latest News
Bangalore, India-based online jewelry retailer BlueStone bagged $10 million in its Series B funding round led by venture capital firm Kalaari Capital to beef up its marketing and branding campaigns.
Seed accelerator Joyful Frog Digital Incubator or JFDI.Asia was able to secure$2.1 in new funding led by Infocomm Investments and participated in by SpinUp Partners and Fenox, TechCrunch reported.
Star Scientific Inc, a dietary supplements maker based in Henrico County, US, secured $9.3 million through equity and funding deals from its investors as it struggles to achieve profitability and conquer liquidity problems.
California, US-based semiconductor startup Aquantia Corp closed $16 million in a Series G funding round led by Xilinx Inc as it prepares for its initial public offering (IPO) in the US.
GSN Games has finally completed its acquisition of Bingo Bash maker Bash Gaming, a games platform based in India, for about $165 million, sources confirmed to TechCrunch.
Russian search company Yandex has bought KitLocate, an Israeli startup that provides iOS and Android developers with an SDK to make their apps be location aware, for "several million euros," TechCrunch reported.
3D printing firm Zortrax is seeking to raise $3.5 million by issuing 10,000 unsecured bonds worth $329 each, carrying a 9% interest and to mature in three years, TechCrunch reported.
Palo Alto, US-based video discovery startup Boxfish bagged $7 million in a Series B funding round led by Atlantic Bridge to beef up its workforce and expand into new markets.
Minneapolis, US-based health insurance marketplace Gravie scored $10,5 million in its first funding round which was led by Aberdare Ventures to help its clients understand their best option for coverage.
