Newport Beach, US-based micro investing app Acorns raised $5.5 million in a Series B funding round led by Jacobs Asset Management to let people invest in index funds using their spare change.
Mobile/Wireless
Barry McCarthy steps down from Clinkle as COO
Barry McCarthy will be stepping down from mobile payments startup Clinkle, known for raising the biggest seed round ever, as its Chief Operating Officer, VentureBeat reported.
US-based on-demand transportation startup Lyft expands insurance coverage
San Francisco, US-based on-demand transportation startup Lyft announced that it will add more coverage to its ride insurance to include the time that drivers are not actively driving passengers.
China closes popular WeChat accounts
Dozens of popular accounts of WeChat, the social messaging app of Tencent Holdings Ltd, were closed by Chinese authorities, Reuters reported citing Chinese media reports.
French hotel booking app VeryLast Room bags $2.1M in funding
Marseille, France-based last minute hotel booking mobile app VeryLastRoom bagged $2.1 million in a venture round led by APlusFinance and Extend & Sigma Gestion to fuel its expansion in Europe.
Latest News
King Digital Entertainment, the British developer of the widely-active game Candy Crush Saga, could be valued up to $7.6 billion after it holds its initial public offering, AFP reported.
UK-based money transfer startup Azimo has obtained $10 million for its Series funding round led by Greycroft Partners and joined in by other investors, TechCrunch reported.
Venture capital firm Accel Partners has invested $40 million in the Series A funding round of money transfer platform WorldRemit based in London, TechCrunch reported.
Institutional, strategic and private investors backed Finland-based gaming startup Next Games with $6 million in its latest funding round. The firm intends to roll out the mobile game version of "The Walking Dead" globally, VentureBeat reported.
Flypay, a startup based in the UK that develops an app that makes settling restaurant bills faster, has raised £1 million from Entreé Capital, TechCrunch reported.
Ulmon, the travel app developer based in Vienna, has secured its first round of funding said to be less than $5 million from Global Founders Capital, TechCrunch reported.
Priceline Group has purchased Israel-based Qlika in a cash deal worth around $3M, according to a Priceline source interviewed by VentureBeat who confirmed the deal.
Arthur Ventures gave a $1 million investment for the seed funding round of Drifty, a startup that provides tools that allows mobile developers to develop apps and websites, TechCrunch reported.
An unnamed Washington, DC-based angel investment group supported Ohio-based mobile health application service provider iRxReminder with a $250,000 investment for its seed round, a statement about the financing said.
