Funding

Rise of micro VC funding in India as investors focus on early-stage investment

The micro venture capital (VC) funding space in India is witnessing a robust activity. A rising new breed of venture capital investors is keen on early-stage investment in startups. About 12 micro venture capital funds are operational in India.

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Online Eye Tests Startup Opternative Received $6 Million in Series A, Aims to Expand and Improve Serivces

A startup offering online eye tests received a $6 million funding in a Series A round to help expand the coverage of its service as well as acquiring more advanced technologies. The company claims that their services are clinically proven and accurate, in addition to being more convenient and affordable.

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Vyopta Secures $5 Million in Series A Funding

Video analytic and collaboration company Vyopta announced on Thursday to receive Series A funding, AVX Partners lead the funding, which will be used to strengthen the company's product development.

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BDC Capital rolls out C$150-mln IT Venture Fund II

BDC Capital, a subsidiary of Business Development Bank of Canada, has launched IT Venture Fund II with corpus of C$150 million. With an objective of bridging gap in the mid-stage funding, the new fund will support new generation of IT entrepreneurs in Canada.

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Healthcare VR Startup MindMaze Achieve Unicorn Status With $100 Million Fund From an Early Round

MindMaze has secured a total of $100 million funds from an early round led by India’s Hinduja Group. MindMaze, which until now is focusing on developing virtual reality interfaces in the healthcare sector aims to form future contracts and service centers, as well as expanding the technology for other uses in the form of gaming, educational and fitness applications.

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Kaiser Permanente Ventures Awards Hometeam With Investment of $5 Million

Kaiser Permanente Ventures offers equity investments to innovative healthcare companies. Hometeam offers elderly cares with digital touches in the metropolitan cities of New York, New Jersey and Philadelphia. Recently Kaiser has invested $5 million in Hometeam’s business through which it will expand business to other cities across the US.

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Ecosystem Investment Partners Closes Fund III Above $200 Million Target

Baltimore private equity firm Ecosystem Investment Partners (EIP) announced on Tuesday that they closed its third fund at $303 million, overriding its target of $200 million. With such amount of equity capital commitments, Monument Group Inc. is to serve again as exclusive placement agent.

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Yello Mobile Receives Investment For $30 Million From SBI Holdings, Expects For Further Receipt

Yello Mobile, South Korean fastest growing mobile app company has received $30 million more fund from SBI Holdings Inc. With the recent investment, the fund grows to $73 million in total. However, the $4 billion enterprise expects further investments before closing the financial round in the coming months.

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Venture Capital Investment in Grand Rapids Hits a Record High

Grand Rapids, Michigan mark the highest record in venture capital investment in 2015. A venture capital firm based in the largest city of West Michigan scored a 20% increase from previous year.

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Baltimore IT Startup Protenus Raises $4 Million In Series A Funding

Protenus has announced raising $4 million from a Series A fundraising round. The finance has been rendered from a group of investors led by Arthur Venture. The health data security service provider intends to expand its business all over the US through this fund.

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Joi Scientific Claims For Producing Hydrogen From Water, Raises $5.5 Million Series A Round Fund

Joi Scientific has claimed for discovering technology to produce hydrogen from water on Tuesday. At the same time, the research firm discloses for raising $5.5 million fund for its Series A round. If Joi’s claims come true, the research firm will be able to redraw the global energy map.

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Wikimedia Foundation to Develop Its Own Search Engine

The Wikimedia Foundation received a $250,000 grant to support its early stages of search engine project, The Knowledge Engine. The project will develop a search engine that goes across Wikipedia and other Wikimedia’s services, allowing users to obtain relevant information more easily.

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Palantir Technologies Acquire Kimono Labs to Strengthen Its Data Extraction Capacity

Data analysis company Palantir Technologies Inc acquired Kimono Labs to increase its data collection capacity. Following the acquisition, Kimono Labs will shut its service on February 29, 2016.

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Paragon Offshore files bankruptcy: post debt plan announcement

The oil services company Paragon Offshore Plc filed chapter 11 bankruptcy after the announcement of debt plan. The main reason is to avoid protracted legal battles involving its former parent, Noble Corp.

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Sanders to Hold Fundraiser as Campaign Received Donation of $5.2 Million

Bernie Sanders has cashed in on his small-dollar contributors and raised almost $5.1 million in a sudden, instant fundraiser on his victory night. Without a super-PAC to cushion his campaigns, he has always managed to keep pace with competition like Hilary Clinton, who's dependent on high-dollar contribution to fill her kitty. Sanders already knows exactly what he wants to do with the influx of cash.

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