Johannesburg, South Africa-based banking network Nedbank Capital is looking for new mining investment destinations in Africa, aside from gold explorations in Tanzania, Ghana, and Burkina Faso.
Investors
Tencent Holdings may acquire a 16pct stake in online retailer and merge platforms
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.
Virginia-based furniture rental firm CORT buys AA Party Rentals
Virginia, US-based furniture rental firm CORT Business Services bought Mountlake Terrace, Washington-based events planning firm AA Party Rentals for an undisclosed amount to expand its product offering.
New Jersey paint retailers Norton Paint and Eagle Paint merge
Englewood, New Jersey-based paint retailer Eagle Paint and Wallpaper Inc bought troubled Paramus-based rival Norton Paint for an undisclosed sum to gain traction over rivals in the paint industry.
Alabama's Bay Bank bought by The First in $6.6M merger deal
Alabama, US-based banking firm Bay Bank has been bought by Hattiesburg-based firm The First Bancshares Inc in a merger deal worth $6.6 million in combined cash and stock.
Latest News
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.
New York, US-based startup school General Assembly scored $25 million in a recent funding round to expand its tech and entrepreneurship course offering and to build new campuses.
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.
Makati, Philippines-based holding firm Berjaya Philippines Inc will buy a 50% stake in London, UK-based property firm RBW Holdings Ltd in a cash deal valued at PHP3.7 million.
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
DreamIt Ventures Austin has rolled out a new microfund this week together with AngelList to give additional funding to the nine startups in its accelerator program, VentureBeat reported.
Austin, Texas-based solar microinverter provider SolarBridge Technologies closed $42 million in a funding round led by Constellation Technology Ventures to drive its expansion efforts across North America and Australia.
London-based e-learning platform Quipper which makes Quipper School has bagged $5.8 million for its Series A2 fundraising round from Atomico, Benesse and other unnamed investors, TechCrunch reported.
Altitude Games, a fresh mobile gaming studio based in the Philippines, has received $275,000 for its seed funding round to help it create its "original IP in the midcore game space," TechCrunch reported.
