InMobi has only been in business for less than a decade but it has already proven to be a worthy contender to tech giants in the mobile ad space, Voice & Data reported.
Private Equity
Field technician-focused CRM platform ServiceMax gets $71M in new funding
Cloud-based customer relationship management platform ServiceMax secured $71 million in its latest financing round led by Meritech Capital. ServiceMax is a platform specifically focused for field technicians, VentureBeat reported.
Georgia-based Birch Equity Partners backs Tempo Telecom
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.
UK-based Beringea invests £3M in Disposable Cubicle Curtains Limited
UK-based generalist investor Beringea has made a £3 million investment in anti-microbial curtains and blinds maker Disposable Curtains Limited which does business under the name All in One Medical.
Brazil faces 70 percent fall in fundraising from investors over two year period
Because of its worsening economic climate, private equity and venture capital investors have reduced fundraising for Brazil by more than 70% in the past two years, the Financial Times reported.
Latest News
CloudPassage, a San Francisco-based cloud security provider that aims to keep the bad guys out of clouds, has raised $25.5 million for its new financing round led by Shasta Ventures, VentureBeat reported.
State-backed fund Innovation Network Corp of Japan (INCJ) entered an agreement to pick up a 20% stake in Kyoto-based robotic hand maker Squse Inc for JPY500 million ($4.9 million), according to three sources familiar with the matter.
Kaltura, an open source video platform based in New York, has bagged additional funding of $47 million in a round led by new investors and participated in by its existing backers.
The Number 1 travel search engine in Russia, Aviasales, has obtained a $10 million investment from iTech Capital who will take a minority stake in the company which operates under the JetRadar brand internationally, TechCrunch reported.
New York, US-based investment management firm Blackrock raised its stake in UK-based Internet media firm Blinkx to 13% amid allegations that the latter was using adware to boost its revenues.
Teen apparel retailer Aeropostale, which had posted losses for four straight quarters, is reportedly mulling over a capital increase from private equity investors. Should the teen apparel retailer decide to raise capital, Aeropostale may do it via a private investment in public equity (PIPE) deal.
As banks shed off their private equity units to comply with the Volcker Rule, the executives of these newly-independent firms will find themselves doing more travel in their search for new investors, The Wall Street Journal reported.
Teqcycle Solutions, a Munich-based firm that provides mobile devices trade-in and reuse solutions, has bagged an undisclosed investment from T-Venture Holding, a subsidiary of Deutsche Telekom.
Private equity investments in sub-Saharan Africa totaled $1.6 billion in 2013, an increase of 43% from the year before. Sectors in the region which received most investments were energy and natural resources and banking and financial services.
