Trifacta, a San Francisco-based startup focused on making platforms for data analysis, raised USD12 million in new funding in an investment round led by Greylock Partners and Accel Partners.
Investors
South Africa pension fund thinks Bidvest's bid for Adcock Ingram is too low - source
An unnamed source told Reuters that drugmaker Adcock Ingram's largest shareholder Public Investment Corporation will not be putting up its 19% ownership stake for sale as the offer extended by potential buyer Bidvest undervalued its holding.
Google Ventures, Redpoint led combined USD8 million backing for Homejoy
Cleaning services provider Homejoy said that it had raised USD38 million in new capital from its Series A and Series B funding rounds, which saw the participation of Google Ventures, Redpoint Ventures, Max Levchin, First Round Capital, Oliver Jung, and Mike Hirshland.
Travel app for iPad Jetpac drops Facebook, goes with Instagram for new city guide feature
A report on TechCrunch noted that social travel apps like Jetpac had started to develop its products away from Facebook, as the popularity of the social network might have run its course.
ClearDATA nabs USD14 million in oversubsrcibed Series B funding round
ClearDATA Networks, Inc, a cloud computing platform and service provider focused on the healthcare industry, received USD14 million in new funding from Merck Global Health Innovation Fund, Excel Venture Management, Norwest Venture Partners and other institutional investors.
Latest News
Venture capital firm Northzone had set up its biggest fund yet at EUR200 million or USD272 million. The fund will be geared towards making investments in startups within the Nordic region and businesses who had partnered with a Nordic-influenced startup.
Deutsche Telekom's statement revealed that it has a strategic partnership with Twitter Inc to boost the former's opportunities in innovative marketing, advertising and customer service.
Months after receiving a USD1 million in seed investment, Israeli startup Carambola Media raised USD4 million in a Pitango Venture Capital-led Series A funding round.
According to third quarter results released by Russian bank VTB Group, the bank already sold a 50% stake in Tele2 that it acquired earlier in April this year for RUB40.4 billion or USD1.2 billion.
The JPY18.6 trillion or USD182 billion economic plan for Japan was approved by the state's cabinet under Prime Minister Shinzo Abe. The core of the package is the JPY5.5 trillion in spending measures Abe ordered back in October this year.
Carlsberg Group reportedly purchased a 30.3% stake in joint venture partner Chongqing Brewery. The Danish brewer hopes to expand its presence in China's USD76 billion liquor market.
A boom in Chinese internet stocks helped propel San Francisco-based hedge fund to double digit gains this year when other hedge funds have given dull returns, according to a Reuters report.
LeapFrog Investments exited from Express Life, a Ghanaian insurer, by selling a majority stake it held in the firm to Prudential Plc for an undisclosed amount.
French building materials business Materis is reportedly in an advanced stage of negotiations to sell its business unit Kerneos. Investment firm Astorg Partners will acquire Kerneos for EUR610 million.
