Programming toy robot maker Play-i raised USD1.4 million from investors all over the world via its crowdfunding campaign on its website that lasted 31 days.
Funding
Report gives top 30 venture capital firms of 2013 for biotech and pharmaceutical firms
The Genetic Engineering & Biotechnology News or GEN website revealed its top 30 list of venture capital firms for biotechnology and pharmaceutical companies. This report summarizes those who have made it to the top 10.
UK tech firm Three Motion Media invests GBP150,000 to help SMEs
Newcastle-based tech firm Three Motion Media has invested GBP150,000 to set up a brand that will help small and medium enterprises (SMEs) in the healthcare sector gain access to high quality yet affordable training courses.
After failure to dispose Freedom Group, Cerberus offers investors opt-out strategy
After failing to dispose of Freedom Group, private equity firm Cerberus Capital Management has proposed to buy out shares of investors who want to exit their investments in the gunmaker.
Private equity funds have more dry powder for acquisitions - report
Institutional investors were putting more money to private equity funds as they bet on improved dealmaking in the next two years, according to a report.
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Kidozen, a maker of software designed to create custom-made mobile apps, received USD5 million to scale its business after emerging from private beta in February this year.
SunFarmer, a non-profit developer of solar power in impoverished areas, will construct its first solar power project in Nepal using a USD2 million grant from SunEdison Inc. SunFarmer is seeking donations to build 100 solar projects in the country.
California dealership Lamborghini Newport Beach marketing director Cedric Davy clarified that its sale of a Tesla Motors Inc. Model S electric car via Bitcoin did not mean the company is in the business of speculation.
Former Square Wallet technical lead David Byttow and former Google product manager Chrys Bader-Wechseler are raising USD1.2 million in seed funding for their new startup called Secret.
US-based mobile analytics and advertising company Flurry has secured USD12.5 million in new funding from undisclosed investors, bringing in a total funding of USD62.5 million to date.
Sketchfab, the online platform that can publish interactive 3D models, was able to raise USD 2 million in a round led by venture capital firm Balderton Capital.
According to the UK-based "Global State of Enterprise Mobility for the Past, Present and Future" report, mobile apps could be the most invested-in startups in 2014.
Mumbai-based startup Birds Eye Systems raised an undisclosed sum in a Series A round from Matrix Partners India for the expansion of its traffic monitoring brand Traffline.
California-based venture capital firm Benchmark has closed its eighth fund with a total of USD425 million, according to a US Securities and Exchange Commission (SEC) filing.
