Former ACT chief executive officer (CEO) Richard Ferguson and Cramer Development CEO and founder Josh Cramer separately invested undisclosed sums in Coraville, Iowa-based education startup Higher Learning Technologies (HLT).
Funding
New seed firm Brooklyn Bridge Ventures secures $8.3M from investors
Brooklyn-based firm Brooklyn Bridge Ventures, a new seed investment fund founded by former First Round Capital principal Charlie O'Donnell, secured $8.3 million in funding from several investors.
US firm ShareThrough scores another $17M in funding for native ads
San Francisco, US-based in-feed native ad exchange ShareThrough raised another $17 million in combined debt and equity financing in a round led by Floodgate and North Bridge Venture.
Chartio bags $2.2M additional funding from Avalon Ventures
Chartio, a provider of cloud business intelligence for developers and businesses, has received $2.2 million in additional financing from Avalon Ventures which led the Series A round for the company in 2011.
San Francisco HR platform Zenefits raises $15M in funding
San Francisco, US-based insurance broker Zenefits raised $15 million in funding to improve the development, sales, and marketing of its product that makes administrative tasks easier.
Latest News
New research from Capital Crowdfund Advisors showed that entrepreneurs who crowdfunded did very well, getting an increase in sales, among others, Forbes Contributor Cheryl Conner reported.
Canada's Waterloo region posted a substantial rise in venture capital funds, with the creation of Open Text Applications Venture Fund and the Northleaf Venture Catalyst Fund, TheRecord.com reported.
Research from Mercom Capital Group showed that venture capital funding for companies in the smart grid technology sector was pegged at $405 million in 2013, a dip from the $434 million in 2012.
Ontario Premier Kathleen Wynne has unveiled a new public-private venture capital fund known as Northleaf Venture Catalyst Fund for the province's tech sector, CBCNews reported.
Bangalore, India-based rural education services provider Hippocampus Learning Centres (HLC) raised $600,000 (INR3.5 crore) from existing institutional investors to expand its network in the next financial year.
While venture capital funding for healthcare influenced by information technology or HIT is more pronounced in the US, venture capitalists are also showing interest in the niche in India, The Hindu Business Line reported.
With the goal of building a pet dish that is linked to the internet, Los Angeles-based startup Petnet was able to get seed round funding of $1.12 million, Gigaom reported.
Nexmo, the company that provides messaging and voice capabilities to app developers and enterprises globally, was able to secure $18 million for its Series C funding round.
San Francisco, California-based firm HiddenRadio launched another crowdfunding campaign on Kickstarter to add new features to HiddenRadio 2, its second model of impressively-designed $119 Bluetooth speaker.
