San Francisco, US-based cloud storage giant Dropbox acquired Cambridge, Massachusetts-based stealthy workplace chat solution Zulip for an undisclosed amount to integrate its services into its product offering.
Deals
AltSchool bags $33M in Series A round
Founders Fund and Andreessen Horowitz led the Series A round of AltSchool, the startup that seeks to provide personalized education to students, which secured $33 million, TechCrunch reported.
NVM Private Equity backs management buyout of No.1 Traveller with £7M investment
NVM Private Equity has invested £7 million for the management buyout of No. 1 Traveller, an airport hospitality specialist, a statement about the funding said.
Lenovo to continue acquiring companies to drive growth
After its recent purchases of Motorola Mobility and IBM's server business, Chinese personal computer (PC) maker Lenovo said that it will continue its string of acquisitions to drive its growth.
Michigan-based Blackford Capital purchases Grand Transformers Inc
Blackford Capital, a Michigan-based private equity firm, has acquired Grand Transformers Inc or GTI. Financial details about the transaction were not disclosed in the statement about the funding.
Latest News
Bangalore, India-based online jewelry retailer BlueStone bagged $10 million in its Series B funding round led by venture capital firm Kalaari Capital to beef up its marketing and branding campaigns.
Thousand Oaks, US-based agricultural biotechnology seed firm Ceres Inc got $23 million from a recent public offering of common stock to be used for its operations and other corporate purposes.
Seed accelerator Joyful Frog Digital Incubator or JFDI.Asia was able to secure$2.1 in new funding led by Infocomm Investments and participated in by SpinUp Partners and Fenox, TechCrunch reported.
Star Scientific Inc, a dietary supplements maker based in Henrico County, US, secured $9.3 million through equity and funding deals from its investors as it struggles to achieve profitability and conquer liquidity problems.
California, US-based semiconductor startup Aquantia Corp closed $16 million in a Series G funding round led by Xilinx Inc as it prepares for its initial public offering (IPO) in the US.
GSN Games has finally completed its acquisition of Bingo Bash maker Bash Gaming, a games platform based in India, for about $165 million, sources confirmed to TechCrunch.
West Perth, Australia-based mineral exploration firm Rox Resources landed $3.3 million from the placement of 73.3 million shares to fund its nickel project in the Goldfields.
Dublin, Ireland-based oil exploration firm PetroNeft Resources raised $6.7 million (€4.8 million) in combined share placement and debt facility to support the development of its oilfield in Russia.
Russian search company Yandex has bought KitLocate, an Israeli startup that provides iOS and Android developers with an SDK to make their apps be location aware, for "several million euros," TechCrunch reported.
