Sumpto said it secured USD 350,000 in funding from SocialStarts.net and Nick Brien to bring more partners to its platform that measures the social influence of college students.
Investors
Yuri Milner invests millions into GenapSys
Russian millionaire and entrepreneur Yuri Milner recently led a Series B funding round for genetics upstart GenapSys for the commercialization of the company's genome-sequencing platform.
Zulily prices IPO above range at USD22
Seattle-based online clothes retailer Zulily Inc raised its initial public offering (IPO) price to USD22 per share above the previously expected range of USD18 to USD20 per share.
Lone Pine Capital buys stakes in Baidu Inc, Amazon.com Inc and MasterCard Inc
Lone Pine Capital increased its holdings in online companies by buying shares in China-based search engine Baidu Inc and ecommerce firm Amazon.com Inc. The fund also bought shares in MasterCard Inc.
Viking Global Investors purchases nearly USD 620 million new stake in Bank of America Corp
Hedge fund firm Viking Global Investors obtained 44.9 million new shares in Bank of America in a deal worth USD 620 million near the end of September.
Latest News
San Francisco-based mobile gaming powerhouse TinyCo landed USD20 million in a funding round from Pinnacle Ventures and Andreessen Horowitz, to be used for the development of its iOs and Android games.
With the aim of filling the shortage of data scientists, Udacity has launched its new online data science degree program with its first class "Introduction to Hadoop and MapReduce."
Oklahoma City-based exploration and production firm New Source Energy Partners LP acquired oilfield services company MCE for USD44 million in combined cash and common units.
Private equity firm Liberty Hall Capital Partners announced today its acquisition of Tulsa-based aerospace engineered parts supplier Precise Machining & Manufacturing for an undisclosed amount.
Judge Denny Chin of the US Circuit Court in New York ruled that the scanning can be classified as fair use since it was "highly transformative." Chin also said that the scanning was not detrimental to the marketing for the author's work.
Hedge funds including Philippe Laffont's Coatue Management and Patrick McCormack's Tiger Consumer Management both opened stakes in Pandora of about 1.1 million and 2.9 million shares, respectively, U.S Securities and Exchange Commission filings showed.
Top U.S. hedge fund managers in the third quarter zoned in on the consumer sector, with investment plays ranging from Sotheby's, a high-end auction house that caters to millionaires, to J.C. Penney Co, the struggling department store chain.
Shunfeng Photovoltaic International said provisional liquidators of Suntech Power Holdings Co had not approved its planned acquisition of Wuxi Suntech, the main unit of Suntech which went into bankruptcy.
Baltimore-based sportswear retailer Under Armour Inc bought Texas-based fitness tech company MapMyFitness for USD150 million to achieve a better position in the digital sports product market.
