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.
Northwestern University (NU) trustees Michael Ferro Jr and Pat Ryan Jr each donated $2 million to build an incubator space called the Garage near the Henry Crown Sports Pavilion where student entrepreneurs can develop projects, classes, and businesses.
Illinois, US-based software systems provider Wellspring Worldwide bagged $3.5 million in funding from undisclosed investors, according to a document filed with the US Securities and Exchange Commission.
Chicago, US-based big data startup Food Genius analyzes and detects future trends in the US and shares it with restaurant chains, convenient stores, and other companies to help them determine their standing or future strategy in the food market.
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.
New York, US-based online educational provider Knowledge Delivery Systems bagged $6 million in its fourth funding round from Edison Ventures to implement programs that will help improve urban school districts in the country.
New York, US-based startup Posh Stow and Go launched a crowdfunding campaign via Indiegogo for its luxury membership bathroom facilities in Times Square which will open this June.
Chicago, Illinois-based travel booking site Orbitz Worldwide snapped up Southlake, Texas-based private-label travel solutions firm Travelocity Partner Network, the affiliate network of Travelocity, for an undisclosed amount.
Chicago, US-based firm Savor is putting together an online deals aggregator app for iPad that personalizes coupons according to the user's likes interest and organizes offers into catalogs for easier browsing.
Chicago, US-based artist community and e-commerce site Threadless launched an iOS app for its online T-shirt and hoodie business after existing exclusively on the web for a long time.
Chicago, US-based aircraft maker Boeing is seeking approval from the Federal Aviation Administration (FAA) to use biodiesel in jet fuel for commercial flights around the world.
Chicago, US-based venture capital (VC) fund NIN Ventures, a firm being managed online, is taking advantage of the JOBS Act to raise funds publicly from accredited investors.
Massachusetts, US-based enterprise solutions software provider quadrant Software bought Chicago-based Business Computer Design (BCD) Int'l and its British Columbia, Canada-based business partner ExcelSystems Software Development Inc (ESDI) for an undisclosed sum.
New York, US-based social intelligence startup 4C snagged $4 million in funding from venture capital firm Jump Capital for its expansion, and sales and product development.
Chicago, US-based startup WebCurfew created a device that helps parents monitor and control their children's online usage through an on/off switch for individual devices from their home's router.
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