Seoul, South Korea-based startup investor Samsung Ventures invested an undisclosed amount in Michigan, US-based nanotech firm XG Sciences to co-develop more advanced batteries for consumer electronics.
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Indian fashion retailer Myntra raises $50M in funding as Amazon and Flipkart approach
Bangalore, India-based online fashion retailer Myntra raised $50 million in funding as it got approached by e-commerce giants Amazon and Flipkart as the round closed.
TiVo to add North Carolina pay-TV service Digitalsmiths
San Jose, California-based digital video recording (DVR) company TiVo announced that it will add Durham, North Carolina-based cloud-based content discovery service Digitalsmiths for an undisclosed amount.
SEB Asset Management buys Tokyo's Primegate for €39M
European real estate asset manager SEB Asset Management bought ten-storey office and commercial structure Primegate, which is valued at JPY 5.5 billion (around €39 million).
Coworking space Rainmaking Loft invades Berlin
Starting February 27, London-based co-working space Rainmaking Loft will be opening 80 desks within a 1,000-square-meter office space in Berlin to provide startups with links between the Berlin and London tech markets.
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Dublin, Ireland-based firm Top Level Domain Holdings bagged $33 million in funding from its investors to beef up its bidding power in the upcoming private auctions of new Internet domains.
Inq Mobile, the London-based company which is among the first to make a Facebook phone, announced via its website that it has shutdown, but the company has not elaborated on the exact reason.
Boston, US-based social advertising and marketing startup Moontoast announced that it has raised $4.5 million as extension to its Series B financing round for its expansion and platform development.
Washington University associate professor of engineering Robert Morley sued Square co-founders Jim McKelvey and Jack Dorsey for fraud and patent infringement, claiming he was wrongly left off a patent for the attachable credit card reader device.
San Francisco, California-based social games services provider Zynga Inc is laying off around 314 employees, or 15% of its workforce, as part of a cost reduction strategy to generate between $33 million to $35 million in savings for 2014.
Atlanta, US-based marketing automation platform Salesfusion has acquired social analytics platform LoopFuse for an undisclosed amount just two weeks after the former raised $8.25 million in a Series B funding round.
One Kings Lane, an online home furnishings retailer, has raised $112 million in its Series E funding round led by investment firm Mousse Partners Ltd. One Kings Lane is now valued at $912 million.
A venture capitalist is urging Asian investors to consider placing bets in evergreen funds, and said that these type of funds are a good fit for them.
In an email addressed to the university community, Columbia University said it has hit a fundraising milestone recently when it managed to raise over $6.1 billion in funding, the second biggest by a US university to date.
