Lithium Technologies, an enterprise software company based in San Francisco, is reportedly near a deal to acquire social media analytics startup Klout. Lithium will buyout Klout in a deal worth $100 million in cash and stocks.
Investors
Boston College Venture Competition features tech startups in career fair
The Boston College Venture Competition or BCVC hosted the second year of the Startup Career Fair this week with over 30 tech startups taking part of the event, The Heights reported.
Axine Water Technologies bags $5.6 million Series A round
Axine Water Technologies, an industrial wastewater treatment solutions provider, has secured $5.6 million for its Series A round from The Roda Group, Chrysalix Energy Venture Capital and BDC Venture Capital, TechVibes reported.
Venture capitalist Marc Andreessen says tech is far from bubble territory
Marc Andreessen, venture capitalist and founder of Netscape, is optimistic that tech is already recovering from the 2008 financial crisis and that it has decades of growth ahead, TechCrunch reported.
Open source e-commerce platform Sellvana nabs $5M in seed round
Sellvana, an open source e-commerce software developer based in Portland, Oregon, has received $5 million for its seed funding round from unnamed New York investors, VentureBeat reported.
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Rhenovia Pharma, biotechnology company that specializes in applying biosimulation in researching and developing new therapies, has secured $738,000 or €540,000 for its second financing round.
AppScotch, an ad tech firm, has decided to pull itself out of stealth mode to give advertisers the opportunity to give their audience a playable, interactive ad, TechCrunch reported.
Joyme.com, a mobile game portal company based in Beijing, has received $21.5 million in funding in a round led by Fosun Venture Capital Investment and joined by existing investor BlueRun Ventures.
Glasgow, Scotland-based travel agency and property developer Minoan Group PLC bought back a 20% holding in its travel and leisure business for £930,000, which it previously sold to an outside investor for £770,000.
State-backed fund Innovation Network Corp of Japan (INCJ) entered an agreement to pick up a 20% stake in Kyoto-based robotic hand maker Squse Inc for JPY500 million ($4.9 million), according to three sources familiar with the matter.
Denver, US-based health management firm Welltok secured $22.1 million in a Series C funding round led by New Enterprise Associates to build a new application that will encourage consumers to maintain a healthy lifestyle.
Aboitiz Group, a conglomerate based in the Philippines, has exited completely from the shipping business by selling the interests it held in joint ventures with Norway-based Jebsen Group.
Internet giant Yahoo continued its seemingly endless acquisition spree by buying New York, US-based app maker Wander for an undisclosed amount, with the latter's Days photo sharing app to continue operating as a standalone entity.
Mountain View, US-based software vendor Synopsis Inc completed the purchase of Heverlee, Belgium-based design and programming software tool developer Target Compiler Technologies for an undisclosed sum.
