Medical and recreational marijuana dispensaries in Las Vegas, US are increasingly turning to venture capitalists for seed money due to lack of loan sources, as the drug is deemed illegal by the federal government.
Investors
NewsCred nabs $25M in Series C round led by InterWest Partners
InterWest Partners led the Series C funding round for content marketing platform NewsCred which raised $25 million. NewsCred's existing backers also participated in the round.
Worldwide venture capital funding for wind energy sector rose 44.4% to $455M in 2013- study
Mercom Capital Group data revealed that venture capital funding for firms in the wind energy industry increased 44.4% to 455 million around the world last year, the Business Started reported.
MMC Ventures reopens MMC Growth Generation Fund for investors aged 18 to 35
MMC Ventures has again opened the MMC Growth Generation Fund specifically tailored for young investors aged 18 to 35 years old, allowing them to invest in UK's hard to access but high-growth firms.
Fashion e-commerce site Lyst nabs $14M in Series B round led by Balderton Capital
Fashion e-commerce company Lyst was able to secure $14 million for its Series B funding round led by Balderton Capital and joined in by DFJ Esprit, Accel Partners and angel investors.
Latest News
Pacific Commerce Bank today reported financial results for the fourth quarter and the twelve months ended December 31, 2013 that reflected annual net income after tax of $4.9 million along with another solid quarter of loan and core deposit growth.
UK-based media firm Channel 4 (C4) is getting ready to launch a $33 million (£20 million) growth fund that will be invested in various indie production companies in the country.
Berlin, Germany-based multi-mode travel search engine GoEuro received millions in investment in a post-seed funding round from Lakestar to expand its market footprint beyond the UK, Germany, and Spain.
Seven Mile Capital Partners has purchased Microporous, formerly called Amerace, giving a new lease on life on the battery parts supplier headquartered in Northeast Tennessee, news website TriCities.com.
Venture capital group Nexus Venture Partners will pour INR30 crore into Pune, India-based cybersecurity company Uniken to fund its expansion into Israel and the US.
Former Apple Chief Executive John Sculley is betting that telemedicine startup MDLive will be able to bring medical practice to the modern age, VentureBeat reported.
Singapore-based online grocery store RedMart secured $5.4 million in a bridge round that will be used to construct its logistics infrastructure and technology in preparation for growth and expansion.
US venture capital investment hardly moved last year but was already trending upwards as investments in the fourth quarter increased, The Wall Street Journal blog Venture Capital Dispatch reported.
Boston, US-based startup Change Collective raised $1.4 million in seed funding from local investors to develop a self-improvement mobile website and native app and to expand its workforce.
