PaeDae founder and chief executive officer Rob Emrich explained to TechCrunch that it launched a debt-and-equity round instead to be able to obtain a sizeable amount of capital while being able to retain its position as an early acquisition target.
Funding
Extole secures $5M in funds for product development, adds veterans to team
Referral marketing platform Extole has gathered USD 5 million from Norwest Ventures, Redpoint Ventures, Shasta Venture and Trident Capital. It also added Mark Cyster and Chris Duskin to its executive team.
San Francisco startup nWay raises 5M for ChronoBlade MMO game
San Francisco-based gaming startup nWay has raised USD5 million in a funding round led by Translink Capital to build out its ChronoBlade massively multiplayer online (MMO) game.
Mansa Capital Management obtains additional $15M for healthcare fund
Boston-based private equity firm Mansa Capital Management was able to get additional funding worth USD 15 million for its initial healthcare fund, bringing to USD 50 million in total funds.
Sequoia pours in $33M into US stealth networking startup vIPtela
American venture capital firm Sequoia Capital has invested USD33 million in California-based stealth networking startup vIPtela to develop its technology for virtualization of whole networks.
Latest News
SHIFT, an open marketing cloud provider, recently raised USD6 million in its Series B investment round. The proceeds from the funding round will go towards its international expansion plans.
The role of private equity firms in Sweden are now under close scrutiny as the country rethinks its pioneering educational reforms that are emulated worldwide, a Reuters Insight report said.
Australia-based taxi app ingogo has raised an additional AUD3.4 million in venture capital funding and expressed plans for a 2014 listing on the Australian Securities Exchange (ASX).
Washington-based tech firm Opscode has raised USD32 million in a Series D funding round and changed its name to Chef after its configuration management and IT automation "cookbook" has become popular in the enterprise market.
Palo Alto, California-based digital magazine service Flipboard has confirmed with VentureBeat that it is raising a further USD50 million as the second half of its third funding round.
Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.
Lenders to troubled Stemcor, the world's largest steel trader, have been selling their exposure to hedge funds and distressed debt specialists before a key restructuring deadline on December 13, banking sources said on Monday.
HealthLoop, a maker of an automated patient health assessment platform, received USD10 million in Series A funding from investors led by Canvas Venture Fund and also participated by Subtraction Capital and other institutional investors.
Practice Fusion, maker of the Electronic Health Records (EHR) platform, received an additional USD15 million in Series D funding apart from the USD85 million it raised earlier for the round in September, TechCrunch said in its report.
