In its first outside funding round, Medium, the blogging platform that Twitter co-founder Ev Williams established, raised $25 million from Greylock Partners and other investors.
Deals
CapMan picks up majority stake in Finnish luxury hotel chain Kamp Group
Nordic mid-market private equity firm CapMan Buyout picked up a majority stake in Finland-based luxury and lifestyle hotel chain Kamp Group for an undisclosed sum for the expansion of the group's operations.
ACS Clothing bags £8.5M in funding from UK's Business Growth Fund
Glasgow, Scotland-based formal hirewear supplier ACS Clothing bagged £8.5 million in funding from London, UK-based investor Business Growth Fund (BGF) for the expansion of its online activities.
Colorado-based firm GutCheck secures $4M in funding to test out business ideas
Denver, Colorado-based online market research firm GutCheck secured $4 million in a funding round led by Icon Venture Partners to test out the potential of different business ideas.
Yahoo closes Tomfoolery acquisition, will shut down Anchor app
Yahoo has closed the acquisition of San Francisco, California-based enterprise app studio Tomfoolery, and will be shutting down the latter's Anchor app, according to a source familiar with the deal.
Latest News
Crowdfunding platform Indiegogo raised another $40 million in fresh capital from US private equity firms, which include Institutional Venture Partners and KPCB, CBC News said in its report.
Igenica Inc, the biopharmaceutical firm dedicated to developing antibodies and antibody-drug conjugates to treat the Big C, obtained $14 million in its Series C extension round.
Sightly was able to obtain $1.7 million in seed funds in a round led by Mac Capital and participated in by other investors which included Tomorrow Ventures and 500 Startups.
Sameer Gehlaut, the Chairman and Co-Founder of Indiabulls Group, backed stealth mobile messaging and social networking startup MyActivityPal Inc with a $5 million investment for its Series A found.
Secure mobile messaging app for enterprises Cotap raised $10 million for its Series B funding round led by Emergence Capital Partners. So far, the latest proceeds brought to $15.5 million Cotap's total funds raised.
RenovoRx Inc, a privately-held medical device maker, closed its series B funding round with $1.15 million. The financing was led by one of the largest angel groups in the US, Golden Seeds.
Jamieson Laboratories, the largest manufacturer and distributor of natural health products in Canada, will be purchased by CCMP Capital Advisors. Terms of the deal were not disclosed.
GoCardless, a payments platform for online Direct Debits in the UK, was able to obtain $7 million for its Series B funding round led by venture capital firm Balderton Capital.
General Electric Co Chief Executive Officer Jeffrey Immelt has asked private investors to pour more funds in African nations where government-run services have been strained, Bloomberg reported.
