The annual average return of university endowments was pegged at 11.7%, according to figures from the National Association of College and University Business Officers and the Commonfund Institute, Bloomberg reported.
Sectors
French carpooling site BlaBlaCar adds Podorozhniki to tap into Russian and Ukrainian markets
In its fourth expansion via acquisition, Paris, France-based carpooling site BlaBlaCar added Podorozhniki for an undisclosed sum to tap into the market of Russia and Ukraine.
Bankruptcy sale of convicted jeweler Ralph O. Esmerian's art fetches $13M at Sotheby's
The sale of the art collection of convicted jeweler Ralph O. Esmerian was able to gather $13 million, $10.5 million of which will go to creditors, Bloomberg reported.
Dot-com survivor Accellion Inc launches kiteworks for secure file sharing
Accellion Inc has introduced kiteworks in a bid to make a play in the file sharing space now led by Box Inc and Dropbox Inc, The Wall Street Journal blog Venture Capital Dispatch reported.
Ventureast invests $3M in Indian medical device startup OneBreath
Ventureast Tenet Fund, together with angel investors, invested $3 million for the expansion of Bangalore, India-based medical device maker OneBreath into India, Eastern Europe, and Africa.
Latest News
For the first time, tech companies like Google Inc and Apple Inc will be allowed to give information about government requests for customer data, Bloomberg data.
Charlie Shrem and Robert Faiella, both executives of New York-based Bitcoin exchange business BitInstant, were arrested for money laundering in connection to the illegal drug transactions on an online black market, according to the Manhattan US attorney.
Massachusetts, US-based data warehousing and analytics firm Health Catalyst secured $41 million in a Series C funding round from existing investors to develop more clinical applications.
IDC's Worldwide Quarterly Mobile Phone Tracker data said the worldwide smartphone market topped one billion units for the first time in a single year, TechChruch reported.
Massachusetts, US-based crowdfunding platform Dragon Innovation will start offering another $100,000 in seed funding to any project that can raise a minimum of $1 million in its campaign.
Orlando, US-based online interactive education startup Treehouse launched a new course that aims to teach beginners how to create and design iPhone apps through tutorials and tests.
Venture capitalist and co-founder of Kleiner Perkins Caufield Byers Tom Perkins says he regretted comparing the rich to the Jewish victims of Nazi Germany in an interview with Emily Chang of Bloomberg West TV, VentureBeat reported.
Charlottesville, Virginia-based wind power developer Apex Clean Energy Inc raised around $4.4 million in the latest stage of its $25-million equity funding round which started last year.
Custom 3D-printed insole maker SOLS closed its seed funding round with $1.75 million. Led by Lux Capital, other investors also participated in the financing round for the firm that aims to provide wearers with the perfect fit and better performance, TechCrunch reported.
