The US Federal Trade Commission has begun an inquiry into the operations of nutrition and weight loss firm Herbalife, an inquiry that has long been asked for by activist investor William Ackman, Reuters reported.
North America
Energy Foundry invests seed funds to SiNode
SiNode, a company that is working on prolonging the energy storage capacity of batteries and improving their charging rate, has secured seed funding from Energy Foundry, TechCrunch reported.
US ticketing startup Eventbrite scores $50M in funding ahead of potential IPO
San Francisco, US-based event ticketing startup Eventbrite scored $50 million in a funding round from Tiger Global Management and T. Rowe Price to fuel its international expansion plans ahead of a potential initial public offering (IPO) in 2014.
California social media startup Banjo lands $16M in Series B round
Redwood City, US-based social media startup Banjo landed $16 million in a Series B funding led by Balderton Capital to fund its growth, international expansion, and product development.
San Francisco-based integration platform MuleSoft secures $50M
MuleSoft obtained $50 million for its most recent financing round led by NEA, Lightspeed Venture Partners and Meritech Capital Partners, a statement about the funding said.
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Austin, Texas-based legal reserve life insurance firm Citizens Inc, through its subsidiary, added Ridgeland, Mississippi-based firm Magnolia Guaranty Life Insurance Co in a deal valued at $5.23 million.
Kaspersky Lab published new research that the old worm known as Agent.BTZ infected at least 400,000 computers in Russia and Europe after breaching the Central Command of the US military, Reuters reported.
Chief Executive Officer Patrick Byrne of Overstock said they are recording $20,000 to $30,000 worth of Bitcoin transactions per day and growing, Business Insider reported.
Mountain View, US-based 3D reconstruction firm Matterport is set to release a camera and technology that professional photographers and real estate firms can use to create 3D models of interior and outdoor spaces.
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.
Montreal, Canada-based pension fund manager Caisse de dépôt et placement du Québec (La Caisse) invested $40 million to support the growth of Quebec-based professional services firm WSP Global, formerly Genivar, despite damaging issues about the company.
Trulioo has obtained $6 million for its Series A round led by Trulioo has obtained $6 million in its Series A funding round, TechCrunch reported. Tenfore Holdings led the round for the identity verification startup.
Unified digital platform Omniata secured $5.2 million for its Series A round led by Nordic venture capital firm Creandum and participated in by seed investor Sigma West, a statement about the funding said.
Google Capital led the latest funding round for Credit Karma which secured $85 million. The financing was also participated in Tiger Global Management and its existing backers, TechCrunch reported.
