Finance/Venture

US-based crowdfunding platform EquityNet raises $2.1M for expansion

Fayetteville, Arkansas-based crowdfunding and business planning platform EquityNet LLC raised $2.1 million in a new fundnig round led by Proton Enterprises for the expansion of its equity crowdfunding platform.

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Obama assembles new ambassadors for entrepreneurship at the White House

US President Barack Obama announced the new members of the Presidential Ambassadors for Global Entrepreneurship (PAGE) who will help start and grow new businesses in the US and around the world.

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Northwestern trustees donate $4M to build incubator space for student startups

Northwestern University (NU) trustees Michael Ferro Jr and Pat Ryan Jr each donated $2 million to build an incubator space called the Garage near the Henry Crown Sports Pavilion where student entrepreneurs can develop projects, classes, and businesses.

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UK innovation hub TrueStart raises $5M for European retail and consumer startups

London, UK-based innovation hub TrueStart raised $5 million in a seed funding round to invest in 20 retail and consumer startups in Europe every year and provide them with legal and recruitment support.

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7 Singaporean firms seek investment opportunities in the Philippines

Singaporean President Tony Tan Keng Yam said his country is conducting trade missions to its neighboring country, the Philippines, where seven companies are interested in investing in the infrastructure, transport, consumer services, and logistics sectors.

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Indian microfinance firm Satin Creditcare bags $4.7M from NMI Fund

New Delhi, India-based microfinance institution Satin Creditcare Network Limited (SCNL) bagged $4.7 million (INR28.44 crore) in a funding round led by Norway-based impact investor NMI Fund III KS (NMI) to fuel its growth and diversification.

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Opus Bank files for IPO

Opus Bank announced filing its IPO today and listed 5,757,460 shares of common stock and would be listed on the NASDAQ.

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Brookfield Asset Management to acquire 100% holdings in Unitech Corporate Parks

A source told ET that Brookfield Asset Management intends to acquire a 100 percent stake in Unitech Corporate Parks.

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TransCentury sells stake in railway firm Rift Valley Railways

Kenya's investment firm TransCentury has sold 34 percent of the stake it holds in Rift Valley Railways to Citadel, reported Ventures Africa.

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Osborne: No government interferance on Lloyds' branches sale

Finance Minister George Osborne made it clear that the government did not interfere with the sale of Lloyds branches to Co-op Bank, reported Reuters.

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Spanish lender BMN to sell shares to pay back state-back rescue fund

Banco Mare Nostrum has intended to sell its shares before the deadline of the state funded bailout aid it received before the 2017 deadline.

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The Rubicon Project Inc. announces IPO pricing

The Rubicon Project Inc. has announced pricing its initial public offering valued at USD15 per share of common stock listed on the New York Stock Exchange.

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OTP Bank close to acquire MKB from BayernLB

Hungary's OTP Bank is close to acquiring MKB from BayernLB said sources familiar with the matter, reported Reuters.

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Varun Beverages to expand in Africa and South Asia with USD300 million investment

Varun Beverages planned to invest USD300 million for a business expansion in South Asia and Africa, reported Ventures Africa.

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JP Mogran, HSBC and Merill Lynch offer bridge loan to Singapore's OCBC

Three banks have offered a bridge loan for the acquisition of Singapore's Overseas-Chinese Banking Corp Ltd. over Wing Hang Bank, reported Reuters citing sources familiar with the matter.

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