Magic Leap Inc, a company that VentureBeat reported as being into "some hardcore science-fiction type stuff" has secured $50 million to successfully close its first funding round.
Deals
Africa nabs $1.6B in private equity investments in 2013
Private equity investments in sub-Saharan Africa totaled $1.6 billion in 2013, an increase of 43% from the year before. Sectors in the region which received most investments were energy and natural resources and banking and financial services.
Canada's Novra Technologies Inc to purchase two US-based radio and digital signage solutions providers
Novra Technologies Inc said it has inked term sheets to purchase Wegener Corporation and Westport Research Associates. Terms of the deals were not disclosed in the statement about the acquisition.
Liverpool reportedly in talks to buy £11M stake in Australian football club Melbourne Victory
English football club Liverpool is in talks to acquire an £11-million stake in Australian professional football club Melbourne Victory, according to a report by News.com.au.
Amazon purchases Double Helix Games for undisclosed amount
Amazon has bought Double Helix Games, a gaming studio based in Irvine, California created from the merger of The Collective Inc and Shiny Entertainment. Terms of the deal were not disclosed, TechCrunch reported.
Latest News
New York, US-based lending platform Fundera raised $3.4 million in funding from a recent venture round to help connect small businesses to a network of certified lending alternatives to banks.
Apartment List, an online rental marketplace, was able to raise an additional $6 million in financing in a follow-on round led by Glynn Capital and Passport Capital, TechCrunch reported.
Renowned technology innovators invested $5 million to close the latest funding round of San Francisco-based mobile technology firm Apportable, bringing to $7.4 million total funds raised to date.
Tokyo, Japan-based incubator and investment firm Netprice.com Inc is planning to invest $500,000 to $4 million in three or four mobile and web startups in India this year, according to The Economic Times.
San Francisco, US-based customer service software startup Zendesk is moving closer to an initial public offering (IPO) and has hired Morgan Stanley and Goldman Sachs to handle the transaction, according to a report.
MPC Synergy Real Estate, a private equity firm that formed a joint venture with Akme Projects, will be exiting its investments in the India- based firm, according to sources interviewed by The Economic Times.
US tech giant Microsoft selected five African tech startups to receive innovation grants, technical support, and mentorship from Microsoft under its venture arm extension, the Microsoft 4Afrika Initiative.
Some European filmmakers that have turned to crowdfunding, which is still in its early stage in Europe, are facing a different set of challenges, Variety reported.
The Morpheus, the first private startup accelerator in India, is shutting down its operations this week after six years of conducting accelerator programs for startups in the country, because of the fierce competition from its rivals.
