Reston, Virginia-based social lending marketplace StreetShares bagged $1.2 million in its seed funding round with Accion Venture Lab as the lead investor to back veteran-owned and main street businesses after it launches this month.
Deals
US vitamin seller SmartyPants bags $2.2M via equity crowdfunding
Venice, California-based online vitamin seller SmartyPants Vitamins bagged $2.2 million in a new capital raising via San Francisco-based equity crowdfunding platform CircleUp to develop new products and expand its workforce.
US-based e-commerce lending firm Kabbage lands $50M in Series D financing
Atlanta, Georgia-based e-commerce lending firm Kabbage Inc landed $50 million in its Series D financing led by SoftBank Capital to provide $500 million worth of loans for small online businesses by the end of 2014.
American P2P lending marketplace Prosper raises $70M for growth
San Francisco, US-based peer-to-peer lending marketplace pioneer Prosper raised $70 million in a funding round led by private equity firm Francisco Partners to build its business and fuel its growth.
LNG closes $49.5M in placement for Magnolia facility
Perth, Australia-based publicly listed firm Liquefied Natural Gas (LNG) Ltd secured $49.5 million in a placement of 90 million shares to its Australian and new US investors at $0.55 apiece for development of its Magnolia LNG facility.
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Dublin, Ireland-based medical startup Mainstay Medical raised €18M as it completed a listing in the Iris Stock Exchange (ISE) to fund the clinical trials for its product in the US and Europe next year.
New York, US-based taxi service Yellow Cab bought its younger rival Rochester Taxi Co, which is owned by Roba Bati, for an undisclosed amount in a deal that will bring the latter under the Best Ride brand later on.
Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.
Ridgefield Park, New Jersey-based camera and photography equipment manufacturer C&A Marketing Inc added the already-bankrupt Chicago, Illinois-based photo chain Calumet Photographic Inc for $4 million to rebuild the shuttered business.
Boulder, US-based robotic toy maker Orbotix raised $15.5 million in its Series D funding round led by Shea Ventures to create new categories of connected toys and to expand globally.
Kamcord has raised $7.1 million led by TransLink Capital and other investors with the latter to also help in the entry of the company in key Asian markets including Japan, Korea and China.
Odyssey Airlines has decided to source investment through a crowdfunding that would allow the company to raise $8.4 million equity capital in preparation for a launch in 2016 and its operational costs.
Rangespan was acquired by Google which was a third for the latter to buy a company based in the U with the terms of the deal left unrevelead.
Orbotix has raised $20 million funding round bringing the total investment receive by the company at $35.2 million but did not reveal financial terms of the deal or the investors behind the round.
