Keith Teare, the founder of just.me, told TechCrunch that he is interested in purchasing the assets of the mobile messaging platform which would be selling its five assets separately.
Funding
Venture capitalists invest in new media despite risks- report
Venture capitalist have continued to pour money in new media firms despite the potential hazards in the hope that the startups will be able to lure advertising money, according to a Reuters report.
Venture capitalists turn to seed investing - report
A report by the coordinated efforts of MoneyTree, PricewaterhouseCoopers and the National Venture Capital Association indicated an increased activity in seed investments in venture capitalists.
Vista Equity Partners acquires Active Network for USD1 billion
Private equity firm Vista Equity Partners has acquired event software company Active Network. The deal amounted to around USD1 billion with Active Network selling 57 million shares priced at USD14.50 apiece.
Silicon Valley venture capital firm Luminari nabs USD8 million funding from British Sky
New Silicon Valley venture capital firm Luminari Capital obtained a USD8 million funding from pay-TV giant British Sky Broadcasting Group. Sky said that it wants to increase is exposure to US tech startups.
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Reporter Becky Pritchard tried living for one week without using products or services that were supported by the private equity industry-- and was surprised at how difficult the experience was.
A USD 1.6 million Small Business Innovation Research Phase II grant was awarded to biopharmaceutical company Signum Dermalogix from the National Institute of Arthritis and Musculoskeletal and Skin Diseases.
A CNBC report said the infrastructure industry, including power plants, ports and pipes, has given private equity companies and hedge fund firms opportunities for investment.
The Social+Capital Partnership and Resolute.vc led the USD 2.7 million investment round for software recruitment solutions provider Greenhouse. Other investors like Bill Lohse of Pinterest and Seth Goldstein of DJZ and Turntable.fm also supported Greenhouse.
Jim Moloshok, Larry Braitman and Adam Nash provided seed funding to MovieLala, a social network and movie marketing platform that connects moviegoers, studios and stars.
Clean-technology company Therma-Flite recently closed a major funding round with Canadian private equity and venture capital firm XPV Capital. Therma-Flite said it raised USD7.5 million in financing.
Canadian dairy company Saputo Inc was one step ahead of clinching the win to take over Warrnambool Cheese and Butter Factory Co Holdings Ltd, when the former's revised bid received the recommendation of the latter's board of directors.
Chicago-based marketing technology BrightTag secured USD27 million funding from Yahoo! Japan. The Japanese internet company's investment brought BrightTag's fund total its has raised so far to USD50 million.
Peer-to-peer financial lending platform Ppdai received a significant investment worth USD35 million from the financial arm of Alibaba Group, said sources who were familiar with the transaction.
