Texas-based Endeavor Energy announced that it has inked a joint development agreement with Joule Africa to construct the USD500 million Bumbana Phase II Power Project. Endeavor Energy obtained a USD100 million funding from private equity firm Denham Capital.
Funding
CapLinked secures USD 1 million in expansion round
Subtraction Capital, FF Angel, 500 Startups and other investors supported CapLinked, a cloud-based platform for business, with a USD 1 million investment in its expansion round.
Cloud storage firm Box seeks USD100 million in new funding
Cloud storage provider Box, a rival of Dropbox, is raising USD100 million in new funding through a share sale that would value the company at around USD2 billion.
Urban poor, new target for investors in India- report
A Business Standard report said impact investors and social entrepreneurs in India are now concentrating their investments on the urban poor market. These social ventures have been steadily gaining ground with investors providing seed and early stage capital.
RDR brings private equity to wealth management market- report
Reforms made in the financial services industry through the retail distribution review or RDR implemented in January by a UK regulator has brought private equity to the arms of wealth managers, according to a report from Citywire.
Latest News
Bumi Chairman Samin Tan confirmed to Bloomberg by email that a lender had given him approval to finance his acquisition of the stake held by the Bakrie Group in the Indonesia-based coal producer.
California-based biomedical firm LoneStar Heart Inc raised almost USD2.4 million in a Series C financing round from unnamed venture investors, which would be used for the company's heart therapies for advanced heart failure patients.
Food and healthy lifestyle startup ALOHA was backed by over USD4 million in seed capital for the launching of the company's core nutritional supplement products.
California-based home automation startup August secured USD8 million in a Series A funding round to be used to manufacture the company's flagship smart lock product.
Nedbank Group, headed by Chief Executive Officer Mike Brown, said it plans to use its option to acquire a stake in Togo-based Ecobank Transnational Inc valued at more than USD 500 million.
Canada-based finance company FinanceIt raised USD13 million in a Series A funding round to be used for the expansion of its services to the United States.
Massachussetts-based TV advertising platform Clypd raised USD7.2 million in Series A-1 funding from Atlas Ventures, Freestyle Capital, Boston Seed Capital, and angel investors John Battelle and Brightcove.
Singapore's CapitaMalls Asia Ltd. said it would buy a shopping mall located in Guangzhou, China for USD361 million. CapitaMalls Asia would purchase the said property from Chinese Greenland Real Estate.
Cloud-based recurring revenue management solutions provider Aria Systems was able to get USD 40 million from Bain Capital Ventures and other investors for its fourth funding round.
