CrunchFund, the San Francisco, US-based venture capital firm co-founded by Michael Arrington, is raising $40 million for its second early-stage investment fund, according to a regulatory filing.
Deals
BTC China restores Bitcoin-Renmibi trading
BTC China, the biggest bitcoin exchange in the world, has begun allowing users to buy the digital currency using Chinese yuan again, just a month after it halted renmibi deposits because of a bank warning.
Bangalore startup Lumos builds solar powered backpacks that charge mobile devices
Bangalore, India-based startup Lumos Design Technology made unbreakable waterproof bags with a built-in battery than can charge mobile gadgets with the use of solar power.
Samsung invests in American nanotech firm XG Sciences to co-develop next-gen batteries
Seoul, South Korea-based startup investor Samsung Ventures invested an undisclosed amount in Michigan, US-based nanotech firm XG Sciences to co-develop more advanced batteries for consumer electronics.
Irish firm Top Level Domain Holdings bags $33M from investors
Dublin, Ireland-based firm Top Level Domain Holdings bagged $33 million in funding from its investors to beef up its bidding power in the upcoming private auctions of new Internet domains.
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New York, US-based analytics firm Implisit raised $3.3 million in funding from Gemini Israel Ventures for its self-learning platform that mines CRM data to help improve sales efficiency.
Sources tell Bloomberg that owners of US lender OneWest FSB is conducting one, final push to sell the company to a potential buyer as it prepares to exit in a planned initial public offering.
Enigma, a search and discovery platform for public data, was able to raise $4.5 million for its Series A round led by Comcast Ventures and supported by other investors.
Bow & Drape, the fashion startup that allows women to customize their clothes, was able to secure $1.2 million funding from various investors to grow and expand the brand.
London-based Zopa, the largest peer-to-peer lending company in Europe, raised $25 million in funding from Arrowgrass Capital Partners. Proceeds will be used to continue the lending firm's growth.
ZappRx, a mobile platform that automates the prescription management process, has nabbed an additional funding worth $1 million for its seed financing round led by Atlas Ventures.
San Diego-based venture capital fund Origo Ventures secured a grant worth $1 million from the investment arm of the Chilean government called CORFO. Proceeds will be used to invest in promising startups in Chile.
Private equity group 3i said it was able to close exits worth £29 million or $48 million in the final quarter of last year, bringing its overall proceeds for the year to £557 million, Reuters reported.
Three banking sources told Reuters that Greece's National Bank has plans to divest its London-based private equity arm NBGI in order to increase its capital.
