Johannesburg, South Africa-based independent retirement fund administrator Alexander Forbes Ltd sold its 60% holding in Lane Clark & Peacock's Swiss unit for an undisclosed sum last year, ahead of a 2014 initial public offering (IPO).

New research from Capital Crowdfund Advisors showed that entrepreneurs who crowdfunded did very well, getting an increase in sales, among others, Forbes Contributor Cheryl Conner reported.

Tony Gallagher, the editor of UK-based newspaper Daily Telegraph, stepped down from his position amid a restructuring program as the company prepares to shift its focus to digital publishing.

Canada's Waterloo region posted a substantial rise in venture capital funds, with the creation of Open Text Applications Venture Fund and the Northleaf Venture Catalyst Fund, TheRecord.com reported.

Research from Mercom Capital Group showed that venture capital funding for companies in the smart grid technology sector was pegged at $405 million in 2013, a dip from the $434 million in 2012.

Burlingame, California-based car buying service CarWoo! posted an announcement on its website saying the company will be shutting down, with some of its employees heading to rival TrueCar.

San Francisco, US-based mail startup Outbox is shutting down its mail digitizing service because of low count of paying customers signing up for it, and will instead focus on a new yet-undisclosed product.

Ontario Premier Kathleen Wynne has unveiled a new public-private venture capital fund known as Northleaf Venture Catalyst Fund for the province's tech sector, CBCNews reported.

Bangalore, India-based rural education services provider Hippocampus Learning Centres (HLC) raised $600,000 (INR3.5 crore) from existing institutional investors to expand its network in the next financial year.

While venture capital funding for healthcare influenced by information technology or HIT is more pronounced in the US, venture capitalists are also showing interest in the niche in India, The Hindu Business Line reported.