Funding
New York-based Magisto picks up $2M from Russia's Mail.ru Group
Magisto, the New York-based startup that provides automatic video editing services, has bagged a $2 million investment from Russian Internet firm Mail.ru Group, VentureBeat reported.
Adbrain platform rolls out in private beta months after getting $1.5M seed funding
Adbrain has introduced its programmatic mobile audience buying platform in private beta with partners Annalect, The Exchange Lab, M& C Saatchi Mobile, Fetch and Somo having early access to it, a company statement said.
Chinese social media marketing firm closes second funding round led by Fosun
China-based Social media marketing firm KMSocial has raised tens of millions of dollars in a Series B funding round led by Fosun Venture Capital Investment. Existing investor Fidelity Growth Partners Asia also participated in the said round, according to VentureBeat.
Australian accounting firm Practice Ignition pockets $650K in seed funding
Sydney, Australia-based accounting software maker Practice Ignition pocketed $650,000 in a seed round from investors such as MYOB co-founder Graig Winkler, for the expansion and development of the firm.