DreamIt Ventures Austin has rolled out a new microfund this week together with AngelList to give additional funding to the nine startups in its accelerator program, VentureBeat reported.
United States
Federal judge rules in favor of commercial drones
In the absence of rules that banned the use of commercial drones, Federal Judge Patrick Geraghty has ruled that these low-flying aircraft can be used for business purposes, TechCrunch reported.
Mobli signs up for Nasdaq Private Market
Mobli, the startup that also offers a mobile photo and video platform, has announced its intentions to join the Nasdaq Private Market to provide its investors more liquidity, TechCrunch reported.
Optio Labs bags $10M in Series A round
Optio Labs secured $10 million from parent company Allied Minds and other private investors for its Series A funding round. The company provides software solutions for mobile security, a statement about the funding said.
New York startup school General Assembly scores $35M in funding
New York, US-based startup school General Assembly scored $25 million in a recent funding round to expand its tech and entrepreneurship course offering and to build new campuses.
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Sean Parker, the first president of Facebok, broke off from California, US-based venture capital firm Founders Fund as a partner to devote more his time to his new projects.
Bloodhound has become more focused, turning away from its previous business of creating software tools for events, and launching applications that give mobile lead capture services, TechCrunch reported.
Austin, Texas-based solar microinverter provider SolarBridge Technologies closed $42 million in a funding round led by Constellation Technology Ventures to drive its expansion efforts across North America and Australia.
San Francisco, US-based startup SeeSpace launched a $100,000 crowdfunding campaign via Kickstarter for InAIR, its new product that combines Internet and second screen functions.
Oregon, US-based electric motorcycle manufacturer Brammo Inc landed $9.5 million in an on-going Series D funding round from Terracap Ventures and Aviva Investors amid efforts to cut cost and increase profitability.
Venture capital investment in New York City for the first quarter of 2014 has reached a record of $1.3 billion to date, with startups in the Big Apple raising nearly $200 million in the past two days alone, TechCrunch reported.
Basketball superstar Shaquille O'Neal launched a $450,000 crowdfunding campaign via Indiegogo to redeem himself in the gaming arena and create a follow-up of the Shaq Fu video game which was released in 1994 and was heavily criticized for being a big flop.
The Linux Foundation will make its "Introduction to Linux" course available to anyone who wishes to learn about the open source software for free on the edX platform VentureBeat reported.
Former US Representative William Delahunt said medical marijuana is "not the golden calf" and he does not expect profits for the next several years from his medical marijuana dispensaries, the Cape Cod Times reported.
