San Francisco, US-based startup software developer Strevus bagged $6.5 million in its first institutional funding led by Blumberg Capital and US Venture Partners for compliance solutions for financial services firms.
Investors
Brazil faces 70 percent fall in fundraising from investors over two year period
Because of its worsening economic climate, private equity and venture capital investors have reduced fundraising for Brazil by more than 70% in the past two years, the Financial Times reported.
Rexford purchases Ontario Airport Business Park for $8.55M
Los Angeles, US-based industrial real estate firm Rexford Industrial Realty Inc purchased the Ontario Airport Business Park in a deal valued at around $8.55 million through a 1031 Exchange.
Dana Gas inks deal to acquire offshore block in Egypt
Sharjah, United Arab Emirates-based natural gas firm Dana Gas inked a deal to acquire the North El Arish (Block 6) Concession Area located in Egypt as an addition to its growth portfolio.
Rock Hill backs Oklahoma's Park Energy
Texas, US-based private equity firm Rock Hill Capital Group invested an undisclosed amount in Oklahoma City-based firm Park Energy Services LLC to support its vision of growth and expansion.
Latest News
PhiSix Fashion Labs, a computer graphics firm in the Bay Area, has been purchased by e-commerce giant eBay to allow online customers to fit clothes virtually before buying them, VentureBeat reported.
Backed with a $20,000 convertible note from Atlanta Capital, Yik Yak is an anonymous messaging app that allows college students to share their gripes to other users within a five-mile radius, TechCrunch reported.
After 12 years in the industry, New York, US-based local group network Meetup closed an undisclosed amount in its second funding round from three major investors to allow some of its employees to exercise their expiring stock options.
From the viewpoint of venture capital, the real victors of the recently-announced acquisition of WhatsApp by Facebook are Sequoia Capital and Partner Jim Goetz, TechCrunch reported.
Canonical, the parent firm of UK-based operating system Ubuntu, partnered with Chinese electronics firm Meizu and Spanish mobile gadget firm Bq to build the first Ubuntu Mobile phones this year.
Facebook will be buying WhatsApp in a cash and stock deal worth $16 billion. The messaging giant will also be retaining its brand and will function as an independent unit, TechCrunch reported.
Tel Aviv, Israel-based bring-your-own-device (BYOD) startup Nativeflow raised $7.5M in funding to date to allow workers to securely browse and share both personal and corporate data, according to an exclusive report by VentureBeat.
China-based Fosun International Ltd is the most likely acquirer of Forbes Media Llc but will be paying less than $250 million for the money management magazine, according to sources interviewed by The Deal Pipeline.
The emergence of cryptocurrencies, especially Bitcoin, has raised many to speculate whether the concept of a global digital currency is inevitable in today's society. Andrew Filipowski, founder and former CEO of PLATINUM technology, inc and current Chairman & CEO of SilkRoad Equity, believes that the value and promise of Bitcoin can completely revolutionize the global economy and has the inevitable potential to bypass banks altogether.
