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European Union

Djibouti receives $11 million grant from the European Union

Djibouti has received $11 million grant from the European Union to help the country in looking for ways to solve the current problem in potable water and its scarcity of supply.

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LendUp

San Francisco payday loan firm LendUp raises $50M in debt funding

San Francisco, US-based payday loan firm LendUp raised $50 million in debt funding from Victory Park Capital to provide small short-term loans for American consumers who have poor or no credit and expand to other states.

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Rockland Capital

GE Financial Services funds Rockland's acquisition of Elgin Energy Center in Illinois

GE Financial Services is lending $50 million to investment company Rockland Capital LLC to be used for the latter's acquisition of power generation facility Elgin Energy Center in Illinois, US.

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Dropbox

Dropbox raises $500M in debt funding

San Francisco, US-based cloud storage giant Dropbox has raised $500 million in a debt funding reportedly led by JP Morgan for the construction of its new data centers, according to a source familiar with the situation.

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SOA Software

SOA Software gets $10M in venture debt financing from Wellington Financial

Wellington Financial has provided debt financing to the tune of $10 million to SOA Software, a maker of API Management and SOA Governance products, a statement about the funding said.

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CPXi

CPXi bags $30M from Business Development Corporation of America

Business Development Corporation of America invested $30 million in the first external funding round of digital ad company CPXi which provides programmatic ad-buying services,TechCrunch reported.

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GeoPost

GeoPost to sell Romanian delivery businesses to Speedy for €15.3M

Bulgaria-based courier firm Speedy will acquire the delivery businesses of France-based firm GeoPost in Romania from LA Poste's GeoPost Group and Yurtichi Cargo Servizi AS for €15.3 million.

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Off Grid Electric

Off Grid Electric scores $7M to provide solar energy to Tanzanian homes

Arusha, Tanzania-based solar energy provider Off Grip Electric scored $7 million in a funding round led by Vulcan Capital, SolarCity, and Omidyar Network to power homes with prepaid electricity.

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Innoviti

Indian payment solutions provider Innoviti nabs INR10 crore in debt funding

Bangalore, India-based payment solutions provider Innoviti nabbed INR10 crore in debt funding from Tata Capital and other investors from London and India to scale up its Middle East operations and beef up its management team.

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ID.me

Virginia-based digital ID network ID.me scores $10M in funding to build own marketplace

Tysons Corner, US-based secure digital ID network ID.me scored $10 million in combined venture capital and debt funding to build its own online marketplace for its users.

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Star Scientific Inc

Troubled American dietary supplements maker Star Scientific secures $9.3M from investors

Star Scientific Inc, a dietary supplements maker based in Henrico County, US, secured $9.3 million through equity and funding deals from its investors as it struggles to achieve profitability and conquer liquidity problems.

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PetroNeft Resources PLC

Irish oil firm PetroNeft raises $6.7M to fund Russian oilfield development

Dublin, Ireland-based oil exploration firm PetroNeft Resources raised $6.7 million (€4.8 million) in combined share placement and debt facility to support the development of its oilfield in Russia.

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Zortrax

Polish 3D-printer firm Zortrax to raise $3.5M by issuing public bonds

3D printing firm Zortrax is seeking to raise $3.5 million by issuing 10,000 unsecured bonds worth $329 each, carrying a 9% interest and to mature in three years, TechCrunch reported.

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ProspX

Austin, Texas-based ProspX bags $1.9M of $2.4M funding round

ProspX has raised $1.9 million of a $2.4 million funding round, VentureBeat reported citing a regulatory filing it submitted to the US Securities and Exchange Commission.

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Bacterin International Holdings

Bacterin International Holdings raises additional $4M from OrbiMed

Bacterin International Holdings Inc has secured $4 million more in funding from OrbiMed and will be issuing 1.5 million shares of common stock to the investment firm as part of the deal, a statement about the funding said.

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