San Francisco, US-based payday loan firm LendUp raised $50 million in debt funding from Victory Park Capital to provide small short-term loans for American consumers who have poor or no credit and expand to other states.
Deals
Undo Software receives $1.25 funding round
Undo Software has received a third round of investment worth $1.25 million led by the co-founder of Skype Jaan Tallinn and existing investors in the company including the Cambridge Angels.
Formosa Plastics agrees to acquire Taiwanese cable firm Gala TV
Kaohsiung, Taiwan-based business conglomerate Formosa Plastics Group agreed to acquire a 95% stake in Taiwanese cable network Gala Television Corp (Gala TV) from Swedish private equity firm EQT Partners for an undisclosed amount.
Brightpearl raises $10 million funding round
Enterprise platform Brightpearl received new funding valued $10 million led by MMC Ventures and participated by other investors including Quayle Munro, Eden Ventures and Notion Capital.
Amadeus picks up $4.5M stake in Brazilian insurance broker Bidu
London, UK-based venture capital firm Amadeus Capital picked up an undisclosed stake in Sao Paulo, Brazil-based online insurance broker Bidu.com for $4.5 million to take advantage of the growth in emerging markets.
Latest News
Mountain View, US-based search giant Google will shell out $207.7 million (€150 million) to expand its data center in Dublin Ireland to beef up its revenue generation through its cloud services.
Comcast confirmed that it had plans to divest 3.9 million subscribers if the merger deal with Time Warner Cable would push through as it still awaiting regulatory approval.
Melbourne, Australia-based payments startup Aston Club took home $1.5 million in its seed funding round led by Chris Morris of Computershare to launch a mobile app that helps users pay their bar and restaurant bills.
Bloomberg Philanthropies invested $5 million in solar powered Little Sun to give those populations in the African region less expensive, clean light from the kerosene lamps they have been using.
Bridal marketplace Lover.ly has received $2.5 million Series B investment round which would soon be held officially closed after it has taken a few more investment, said sources.
OurCrowd has received $25 million Series B funding from investors identified as former Investec Bank Australia executive Geoff Levy and Mistral Equity Partners' Andy Heyer.
Alibaba and Jack Ma's co-founded company, Yunfeng Capital, said that they would acquire a stake in China's YouTube equivalent Youku Tuduo in a deal valued $1.22 bln prior its highly anticipated public debut.
Mobile startup firm URX received $12 million investment from financiers led by Accel Partners and was also participated by SV Angel, Google Ventures and First Round Capital while Rich Wong joined the company's board.
Startup eezep has received cash to materialize its cloud-printing vision which could be valued at $4 million from investors including IBB and Mangrove Capital Partners.
