Gojee, a recipe-finding site, has been acquired by the XO Group for an undisclosed amount, after talks with other possible acquirers like Yahoo failed, TechCrunch reported.
Sectors
Developers modify Bitcoin software to resolve transaction flaws
Developers have modified the open source Bitcoin software and released a new version to resolve the transaction flaws and to prevent a Mt Gox-like incident from happening again.
British video-on-demand service Screenburn raises $500K in angel funding
London, UK-based Video-on-Demand (Vod) service Screenburn raised $500,000 (£302,000) in an angel funding round to fuel its expansion for 2014 and to continue monetizing the presence of music and film artists on Facebook.
Chicago-based digital ad firm elevate DIGITAL scores additional $3M in Series A round
Chicago, US-based digital interactive application developer elevate DIGITAL scored an additional $3 million in its Series A funding round from SFX Entertainment to expand into new markets.
Concepcion and UTC buy joint stake in Otis Philippines
Makati, Philippines-based cooling solutions provider Concepcion Group is buying a stake in elevator company Otis E&M Co Philippines as a joint venture with Hartford, US-based multinational conglomerate United Technologies Corp (UTC) for an undisclosed amount.
Latest News
Mobile Q&A app Locish secured fresh funding of $820,000 for its seed financing round led by Odyssey Jeremy Partners and joined in by other investors, a statement about the funding said.
Music education college Detroit Institute of Music Education Inc received a $3 million investment from private equity firm Beringea, a statement about the funding said.
Microsoft, through a blog post written by its Deputy General Counsel & Vice President John Frank, has pledged that it would undertake stricter procedures before investigating the Hotmail and Outlook accounts of its users, VentureBeat reported.
Italian website design service startup Flazio, backed by Zernike Meta Venture, allows users to create a website by using the content of their Facebook page, TechCrunch reported.
Pasadena, California-based kinetic desk maker Stir raised $1.5 million in a seed funding round led by Vegas TechFund and Zach Ware to scale up its production and distribution efforts.
Toronto, Canada-based hardware engineering collaborative platform Upverter bagged $2.3 million in a seed funding round led by Version One Ventures to grow its enterprise business and develop its product.
San Francisco-based software enterprise startup bagged $10 million for its Series B financing round led by Nokia Growth Partners and Randstad Holdings and joined in by previous investors, VentureBeat reported.
Redwood City, US-based video streaming service Qik will shut down on April 30 after its features have been integrated into Skype, which acquired it for $150 million three years ago.
A former employee of Microsoft Corp was arrested and charged with stealing the trade secrets of the software company and giving them to a blogger in France, Bloomberg News reported.
