Lerer Ventures led the first institutional funding round for tuxedo rental business The Black Tux which raised $2.6 million to offer clients cheaper yet higher quality suit and tie, TechCrunch reported.
North America
Major European asset management firm invests $4M in Kofax application
A high profile global wealth and asset management firm in Western Europe spent $4 million to acquire the licenses and related services for Kofax TotalAgility 7.0 and Kofax Analytics, which are products created by California, US-based business software firm Kofax Ltd.
Greylock Partners lead $6.5M Series A round for If You Can Company
If You Can Company, a startup that created a game that teaches social and emotional learning to children, has raised $6.5 million for its Series A round ed by Greylock Partners, TechCrunch reported.
US database firm NuoDB lands $14.2M funding for sales and marketing
Cambridge, Massachusetts-based database firm NuoDB landed $14.2 million in a Series C funding round led by European software firm Dassault Systemes to beef up its sales and marketing teams.
Seno Medical Instruments gets $34.6M of $39M Series C equity financing round led by MedCare Investment Funds
Texas-based medical imaging firm Seno Medical Instruments Inc secured $34.6 million of its $39 million Series C equity funding round led by MedCare Investment Funds.
Latest News
Tempo Telecom, a provider of prepaid and flexible communications services, received an investment from Birch Equity Partners, a private equity firm based in Atlanta, Georgia.
After the seed funding round led by Vinod Khosla of Khosla Ventures, wearable technologies startup Quanttus received a $19 million Series A round from Khosla Ventures and Matrix Partners.
TraceLink Inc obtained a growth investment of $5.5 million in a round led by FirstMark Capital. Proceeds of the financing will be used for worldwide expansion and to finance more investments in its Life Sciences Cloud network platform.
Thesan Pharmaceuticals, a biotech firm that develops therapies for skin conditions, raised $49 million for its Series B round led by existing investor Novo Ventures and joined in by SV Life Sciences, Lundbeckfond Ventures and Novartis Venture Fund.
BlackBerry Ltd plans to offer its enterprise clients with a unifying tool called BlackBerry Enterprise Service 12 as part of its drive to strengthen its core enterprise business, Reuters reported.
San Francisco, US-based security firm CloudFlare bought boutique anti-malware software maker StopTheHacker, which is also based in San Francisco, for an undisclosed sum to beef up its cybersecurity product offerings.
Irish telecom tycoon Denis O'Brien picked up a minority stake in San Francisco, US-based startup Spritz to see how the latter's easy reading app could help improve the literacy rate in developing areas.
As part of its expansion, the "going out" app YPlan will be expanding to San Francisco, California. It also has entered into an exclusive ticketing partnership with Noise Music Festival and will be unveiling a new feature, VentureBeat reported.
Richmond, US-based visual creation studio Alice Blue acquired New York-based multi-faceted post-production studio Nucleus Imaging, a bigger firm, for an undisclosed amount to expand into a new market.
