Slouchy zip hoodie maker American Giant collected USD3.6 million in a recent USD2.5 million funding round, raising over USD1 million than what the company expected.
Deals
Opponents of Empire State IPO asks appeals court to declare buyout provision illegal
Investors who had opposed the initial public offering of the Empire State Building asked a Manhattan appeals court to rule a USD 100 per unit buyout provision in the IPO plan illegal.
TapCommerce raises USD 10.5 million to compete in the mobile ad retargeting
Mobile ad retargeting startup TapCommerce's USD 10 million funding was raised via an investing round led by Bain Capital Ventures and RRE Ventures, with a strategic investment from Nielsen Ventures and participation from existing backers.
FERC approves Williams Partners LP's USD300 million pipeline expansion project
Williams Partners LP has secured an approval from the Federal Energy Regulation Commission (FERC) for its USD300 million Transco pipeline expansion, which is part of Transco's USD2.2 billion expansion program.
Friendshippr closes USD670,000 for crowd-shipping app
US-based crowd-shipping mobile app Friendshippr closed USD670,000 in funding from angel investors in Dubai to connect consumers to Facebook friends who will help transport items for them.
Latest News
France's Credit Agricole said it will cut its holding in investment firm Eurazeo. The French bank will sell 3.2 million Eurazeo shares and zero-coupon convertibles equivalent to a maximun of 5.1 million shares.
A flush of mergers and acquisitions was expected to come in as early as the end of the year, according to a report from financial news magazine Barron's.
Spotify AB has successfully secured about USD 250 million in new financing that values the music-streaming company much higher than USD 4 billion, according to sources. With this in mind, Spotify is now almost shoulder to shoulder with Pandora, which went public in 2011 and is currently valued at USD 5.7 billion.
Strategic investors were said to be in discussions to buy a majority stake in Vasan Healthcare, which operates eye care hospitals and dental centers in India.
Texas-based browser security company Quarri raised USD2.35 million in its first funding round today to improve its products, expand internationally, and add more people to its workforce.
Charter Communications was reportedly nearing an agreement with investment banks to borrow money for its bid for Time Warner Cable Inc. Charter has held talks with Bank of America Corp., Barclays Plc and Deutsche Bank AG.
Wevorce has announced that it has received USD1.7 million in new seed funding from investors such as Foundation Capital and Sam Altman. This brings the startup's total funding, which launched out of Y Combinator last March 2013, to USD2 million.
Clothing retailer Vince Holdings showed that fashion is still hot among public investors as it prices its shares one dollar above marketing range in its public debut.
Only three potential buyers from at least five who expressed initial interest were left to bid for the Ortho Clinical Diagnostics business of healthcare firm Johnson & Johnson, according to sources interviewed by Bloomberg.
