Dropbox to shutdown German reading app Readmill after $8M acqui-hire deal

Berlin, Germany-based social reading app Readmill confirmed that San Francisco, US-based cloud storage giant Dropbox acqui-hired it for $8 million in combined stock and cash, with plans to shut it down later.


Capital Teas Inc secures $5M in Series A funding round

Specialty teas maker Capital Teas secured $5 million for its Series A funding round from Pear Tree Partners, a statement about the funding said.

French ad startup Tapvalue nabs $2.2M for international growth

French cross-device tracking and advertising startup Tapvalue nabbed $2.2 million (€1.6 million) in a venture round led by an unnamed venture capitalist and some angels to support its international growth and product development.

SOA Software gets $10M in venture debt financing from Wellington Financial

Wellington Financial has provided debt financing to the tune of $10 million to SOA Software, a maker of API Management and SOA Governance products, a statement about the funding said.


Latest News

US-based private equity firm Vista Equity Partners has bought talent management-focused software-as-a-service provider PeopleAdmin Inc for an undisclosed amount, a statement about the acquisition said.
Canaan Partners led the $9 million Series A financing round for real estate-focused crowdfunding site Realty Mogul which pools together investors' money to allow them to invest in properties, a statement about the investment said.
Toulouse, France-based Internet of things (IoT) cellular network operator SIGFOX landed €15 million in its Series B funding round led by IDInvest and BPIFrance to accelerate the international deployment of its network.
JWT, a New York, US-based operating company of advertising giant WPP, entered an agreement to pick up a majority stake in Mumbai, India-based social media agency Social Wavelenth for an undisclosed amount to expand its market reach.
Silicon Valley, US-based venture capital firm Andreessen Horowitz closed its fourth fund at $1.5 billion to invest in a varied range of sectors including 3D printing, consumer mobile, and bitcoin.
Mars One, the foundation whose mission is to create a human settlement on Mars, has rolled out its new project to construct a simulation outpost on Earth, VentureBeat reported.
TrueVault, a healthcare app data security startup which launched recently from the latest Y Combinator class, was able to obtain $2.5 million for its seed financing round, TechCrunch reported.
Uttar Pradesh, India-based Internet network Times Internet backed Noida-based mobile education startup GradeStack with an undisclosed amount to turn mobile education into a social experience.
Intel Capital is planning to pour $15 million in funding into Jerusalem, Israel-based smartglasses maker to continue helping visually impaired people using the startup's product.
California, US-based YouTube multi-channel network Fullscreen added Texas-based video game media firm ScrewAttack for an undisclosed amount just a couple of months after it bought mobile-video startup Supernova.