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Elemental Secures $13M to Ignite Business Expansion
Company Will Accelerate Market Share Gains and Product Development in IP Video Delivery. Elemental Technologies, the leading supplier of video solutions for multiscreen content delivery, today announced that it raised $13 million in Series C financing led by Norwest Venture Partners (NVP).
Belly Secures $10 Million in Series B Funding by Andreessen Horowitz
Expands to New York and Boston; Adds Jeff Jordan to Board of Directors Belly, a rapidly-growing start-up that is effectively redefining customer loyalty for small businesses, announced today that it has received a $10 million Series B round of venture capital financing from Andreessen Horowitz.
Penta, Eastbridge up bid for EM&F again to $136 mln
Czech private equity group Penta Investments and investment fund Eastbridge raised their joint bid for Polish retailer Empik Media & Fashion (EM&F) to 10.45 zlotys per share.
China move to tighten funding to hit foreign buyout firms
China yuan funds of overseas PE firms to be treated as foreign. China plans to treat local money raised and managed by global private equity firms as foreign funds, industry sources said on Tuesday, restricting their access to sectors such as media and mining in the world's second-biggest economy.