New York, US-based online educational provider Knowledge Delivery Systems bagged $6 million in its fourth funding round from Edison Ventures to implement programs that will help improve urban school districts in the country.
Investors
French competition regulator says evaluation of SFR takeover to take nine months
It could take the French competition authority nine months to evaluate the possible takeover of Vivendi's SFR by Bouygues or Numericable for antitrust issues, Reuters reported.
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.
Singapore-based Drive.SG secures $790K in Series A round
Singapore-based online car rental website received $790,000 in its Series A funding round from Insas Berhad, an investment holding firm based in Malaysia, TechCrunch reported.
Classified Ventures said to work with Moelis & Co for Cars.com website sale
Classified Ventures is now exploring a potential sale of Cars.com and is already working with Moelis & Co on the matter, a source interviewed by Bloomberg said.
Latest News
Google Ventures took out the $100,000 backing it gave to Bustle, a woman-focused publication, after the investor found that they did not anymore share the same values with its founder, TechCrunch reported citing sources.
San Francisco, US-based startup Spellgun launched today to bring Western mobile games to China's mobile market under a partnership with video game art outsourcing firm Concept Art House and Chinese firm Talkweb.
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.
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.
Tencent Holdings, the biggest Internet company in China, could get a 16% stake in online retailer JD.com, according to a Chinese business newspaper, Reuters reported.
