Tech giant Microsoft invested $15 million in location-based social networking app Foursquare and inked a licensing deal to use the latter's places database in their products and services.
Investors
Colorado-based startup TeamSnap scores $7.5M in Series B round for to develop app to manage the schedule of sports teams
Boulder, Colorado-based startup TeamSnap scored $7.5 million in a Series B funding round to develop its app that helps sports coaches and league officials manage the schedule of their sports teams.
CORRECTED-California's Elementum bags $44M in Series B round to track supply chain in the cloud
California, US-based enterprise software startup Elementum, a spinoff from Singaporean firm Flextronics International Inc, bagged $44 million in a Series A funding round led by Lightspeed Venture Partners for a cloud-based supply chain tracking software.
San Francisco-based gourmet meals provider Munchery to raise $20M in new funding round- sources
Munchery, a San Francisco-based startup that provides gourmet meals on demand, is gearing up to raise $20 million in a new financing round, according to sources interviewed by TechCrunch.
Data reveals venture capital investment soaring in January
Venture capitalists seem to be gearing up for a very hectic year as they poured $5.8 billion in new companies in January, representing an increase to the $3.5 billion made last year, TechCrunch reported.
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Primus Power, a provider of low-cost grid-scale energy storage solutions, bagged $20 million for the first close of its Series C round led by South Africa-based Anglo American Platinum Ltd.
Australia-listed coal mining firm Universal Coal agreed to acquire the assets and liabilities of Exxaro Resources' New Clydesdale colliery (NCC) in South Africa for an undisclosed amount.
Investors which include Phenomen Ventures have given additional financing to the tune of $20 million to Rocket Internet-incubated foodpanda and its affiliate hellofood, TechCrunch reported.
Former Whyte & Mackay chief Vivian Imerman grabbed a majority stake in South Africa-based spirits firm TNB through his own company Vasari for an undisclosed sum to expand his portfolio of liquors and spirits.
France-based startup Wisembly was able to snag $2 million from Alven Capital for its tool that allows users to prepare for, monitor and simplify company meetings, TechCrunch reported.
Saudi Arabia-based development and investment firm Technology Development & Investment Co (TAQNIA) picked up a 50% stake in Sun & Life, the solar energy unit of power and water company Acwa.
In a bid to show that their participation in the surveillance efforts of the government was limited, Facebook, Microsoft, Yahoo and Google started to publish details on the number of government requests for data, Reuters reported.
According to a government official, foreign funds are circling the Israeli companies that are going to be put up for sale by the state in a bid to increase competition, Bloomberg reported.
New York, US-based social intelligence startup 4C snagged $4 million in funding from venture capital firm Jump Capital for its expansion, and sales and product development.
