In a bid to bring home the $20 million prize money in the Google Lunar X Prize competition, Penn State launched a crowdfunding campaign on Rockethub to raise $400,000 by February to build its own moon rover prototype.
Deals
South Korean Bitcoin startup raises $400K from Silicon Valley investors
South Korea-based Bitcoin startup Korbit raised $400,000 in funding from several Silicon Valley investors including Tim Draper, Naval Ravikant, David Lee, and Barry Silbert, for the company's growth.
Gambling revenue at heart of Detroit's bankruptcy plan
For Detroit, the road in and out of U.S. bankruptcy court is paved with casino money. For Detroit, the road in and out of U. S. bankruptcy court is paved with casino money.
Firms in south India lure in more venture capitalists compared to other regions- report
Venture capitalists continue to look to Bangalore, Chennai and other companies located in the southern portion of India for deals, The Times of India reported.
US private investor Starwood purchases UK's Four Pillars Hotels
US-based global private investment firm Starwood Capital Group has acquired UK-based hotel owner and operator Four Pillars Hotels through an unnamed affiliated fund for an undisclosed amount.
Latest News
Malaysia will implement a new policy that will selectively allow foreign auto makers to manufacture small passenger cars, according to the chief executive officer of a trade ministry unit.
Epom, an ad serving and ad management solutions provider, said it received $7 million in a private investment pool for product improvement and new product development.
Los Angeles, US-based startup BEZALEL launched a crowdfunding campaign via Kickstarter to raise $35,000 for the development a portable wireless charger for smart devices called ARK.
Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.
New York, US-based public holding company RCS Capital Corp entered a deal to buy Atlanta, Georgia-based investment banking firm JP Turner & Company for an undisclosed sum.
Private equity giant Warburg Pincus LLC will be acquiring a majority stake in Source, an asset management firm based in London for an undisclosed amount, Bloomberg reported.
Toronto, Canada-based commercial real estate services firm Avison Young bought Columbus, US-based firm PSB Realty Advisors for an undisclosed amount and opened a new office there.
London-based team scheduling startup Resource Guru has raised $870,000 in a seed funding round led by Index Ventures to expand its workforce, product, and client base.
Wisconsin-based firm Salon Management Enterprises has acquired Fantastic Sams' seven hair grooming outlets in the Fox Cities and Green Bay region for an undisclosed sum, to be upgraded and re-branded to its NewStyle Salons brand.
