Hamburg, Germany-based credit and loans startup Kreditech bagged $15 million in debt funding from Kreos Capital to finance consumer lending and expansion in Europe, Oceania, and Latin America.
Sectors
Dell's deal with MakerBot may put 3D printing on mainstream
Dell announced that it will start carrying MakerBot's 3D printers and scanners - a deal that may remove 3D printing in the niche industry and push the technology into mainstream.
Swedish startup Vint raises $1.8M in seed round
Vint was able to secure seed funding worth $1.8 million led by Nordics VC Creandum and joined in by other venture capital firms and angel investors, including Zumba investor David Giampaolo.
Apple sells more iPads than expected but less iPhones for first quarter- report
For the its first quarterly earnings report this year, Apple beat analysts expectations when it came to iPad sales but did not do as well with iPhones, VentureBeat reported.
San Diego entrepreneur nabs $50K on Kickstarter for solar charger
San Diego, US-based entrepreneur Ian Sells nabbed $50,000 on a Kickstarter campaign to fund the first batch of StrongVolt, a solar charger he created for smart devices.
Latest News
Redwood City, California-based cloud contact center and customer solutions provider LiveOps Inc has purchased UserEvents and its product called CxEngage. The acquisition enables LiveOps to enhance its Cloud Platform.
The forecasts of the ongoing cold weather in several US key cities has made investors increase their bets on US natural gas futures.
XL-ID Solutions Inc. announced that at the meeting of its creditors which took place on January 24, 2014, the statutory majority of creditors approved the proposal submitted by the Corporation pursuant to the Bankruptcy and Insolvency Act, in a proportion of 93,6% in number and 89,5% in value of the creditors who filed a proof of claim and voted on the proposal.
A group of strategic investors which included European utility company E.ON., Foundation Capital and Voyager Capital, led the Series C funding round for AutoGrid Systems which raised $12.75 million.
TigerText, a real-time messaging provider for the enterprise, has closed its Series B round led by Shasta Ventures with $21 million. New and existing investors also participated in the financing.
Leading event technology and audiovisual firm PSAV has been acquired by private equity firms Olympus Partners and Goldman Sachs. Financial details of the deal were not provided.
Hutton Collins, a provider of preferred capital, will be investing €50 million in the form of a subordinated loan and minority equity interest in Dedalus Group, a healthcare IT systems company based in Italy.
According to a private equity official, the private equity industry in Sri Lanka is interested in backing small and mid-sized firms that have a winning business model and a plan for growth, the Lanka Business Online reported.
Singapore-listed investment holding company Yoma Strategic Holdings agreed to pick up a 30% stake in Myanmar-based consumer goods firm Asia Beverages Co in a deal valued at $11.1 million (S$14.2 million).
