Funding
Seriously scores USD 2.35 million in seed funds
Former Rovio executives gathered USD 2.35 million in seed funds for gaming startup Seriously. Gaming startup Seriously raised USD 2. 35 million in its seed round.
China's Tencent buys into Snapchat
China's Internet giant Tencent Holdings Ltd. made a move to shower Silicon Valley's app maker Snapchat with a USD200 million investment.
Coho Data raises USD 25 million in Series B round
Ignition Partners led the Series B round for Coho Data which raised USD 25 million. Canada-based Coho Data was able to secure USD 25 million in its Series B round.
Advantage Rent a Car to seek bankruptcy protection
Advantage Rent a Car was hived off by Hertz to comply with regulatory authorities. Advantage Rent A Car would be filing for bankruptcy after Hertz had terminated lease agreements over vehicles that Advantage was able to use in its operations.