As banks shed off their private equity units to comply with the Volcker Rule, the executives of these newly-independent firms will find themselves doing more travel in their search for new investors, The Wall Street Journal reported.

Queensland, Australia-based mining and exploration firm Axiom Mining acquired the gold-silver and copper-gold mineralization West Guadalcanal Project located in the Solomon Islands for an undisclosed amount.

SportPursuit, a flash sales site based in the UK, nabbed £5M from its Series B financing round led by London-based venture capital firm DFJ Esprit and participated in by Silicon Valley Bank and angel investors, TechCrunch reported.

Oregon, US-based startup bRight Switch launched a crowdfunding campaign on Indiegogo to raise $115,500 for a prototype of a wall-fixed smart tablet that will replace the ordinary home light switch.

MassHousing, a self-supporting quasi public agency in Massachusetts, has closed $11.8 million loans to acquire and convert Sitkowski School to 66 affordable apartments for seniors, Boston.com reported.

As crowdfunding continues to grow in popularity, its effect towards giving to more established and bigger charities have become a cause for concern among nonprofits, The New York Times reported.

Ten billion shares of common stock were offered by bitcoin firm Bitcoin Kinetics on the website Cryptostocks, Quartz reported. The startup intends to make hardware that enables vending machines to accept payment in Bitcoin.

New York City, US-based smart flight finding mobile app Hit List exited the beta phase and is currently raising around $500,000 in its seed funding round.

Noida, India-based optimization software startup IntelloCut secured $200,000 (INR1.3 crore) in funding from a group of investors led by Blume Ventures and Google India's Ranjan Anandan.

London, UK-based startup Togethera closed $250,000 in a seed funding round led by European and American angel investors to roll out its private family photo sharing app on Android.