Prompt.ly, a startup that provides a mobile-based SaaS platform for "The Invisible Economy" of service providers has received USD 1.5 million in seed funds from Facebook's Ethan Beard, Subtraction Capital and other investors.
Funding
Silver Lake looks to raise new USD1 billion technology fund
Technology-focused private equity firm Silver Lake Management LLC will raise a USD1 billion fund to be invested in mid-sized companies. The firm's Silver Lake Sumeru LP unit will run the new fund.
Tel Aviv University's Ramot closes USD17 million for breakthrough technologies fund
Ramot Tel Aviv University Ltd secured USD17 million in funding for its Technology Innovation Momentum Fund, which will invest in breakthrough technologies in various industries.
HFF arranges USD100M financing to acquireParmenter Realty for Tower at Cityplace
Holliday Fenoglio Fowler LP or HFF was able to secure USD 100 million in financing to fund the acquisition of Tower at Cityplace by Parmenter Realty Partners.
Revolv closes USD4 million to support more connected devices
Boulder, Colorado-based tech startup Revolv raised USD4 million in a funding round led by The Foundry Group to add support for more devices and hire more employees.
Latest News
New York-based online auction site CharityBuzz has raised USD100 million in funding for good causes such as UNICEF, Breast Cancer Research Foundation, St. Jude's Children's Research Hospital, by auctioning off time and possessions of famous people.
Palo Alto, California-based digital magazine app Flipboard might be raising an additional USD50 million in funding as continuation to its first USD50 million capital, according to sources cited in a Fortune report.
Big Data firm ColdLight Solutions has obtained growth capital from Kayne Partners. The amount of funding was not disclosed but ColdLight said it will help expand operations and scale their business solutions.
Kingsoft Office Software, a China-based software company, which was recently incorporated in the U.S, has secured USD 50 million in new funding from Morningside Group, GGV Capital, and Shunwei China Internet Fund.
Optoro Inc, a Washington, DC-based reverse logistics company has raised an undisclosed further Series B funding from Swan & Legend Venture Partners. Earlier this year, they have secured an earlier Series B funding amounting to USD 23.5 million from Revolution LLC and Grotech Ventures.
WePopp, a social planning app based in Paris, France, announced that it has secured EUR 130,000 from a small group of France-based angel investors. The newly injected funds will then be used to lure in more users to its system.
The acquisition by Virgin Connect-affiliate Trivon AG of The MegaMax Group in the Nizhny Novgorod region of Russia dispelled a rumor about the former's business in trouble in the region.
Spanish bank Banco Popular announced the sale of its property management units to US-based investment companies Varde Partners and Kennedy Wilson for an undisclosed amount.
The Japanese government is set to launch the Cool Japan Fund which aims to use USD1 billion of public funds to boost the exports of certain foods, drinks, fashion, animated movies, and other products.
