Drugmakers from Europe are getting lured to the Boston-Cambridge area as the biotechnology boom makes it the envy of other biotechnolgy hubs in the world, Bloomberg reported.
Funding
Kontagent secures $4.8M financing
Mobile analytics company Kontagent which merged with PlayHaven last month was able to raise $4.8 million, according to a VentureBeat report which cited a Securities and Exchange Commission filing.
Volusion raises $35M in debt financing from Silicon Valley Bank
Volusion was able to obtain a 35 million credit facility from Silicon Valley Bank, the first external funding the ecommerce firm received since it was established in 1999.
Chinese app store Wandoujia lands $120 in funding led by SoftBank
China based mobile app distribution platform Wandoujia raised $120 million in a recent funding round led by SoftBank Corp, for the acceleration of its growth and development of its mobile search technology.
Indian billing startup ChargeBee nabs $800K in Series A funding
Chennai, India-based billing startup ChargeBee raised around $800,000 in a Series A funding round from Accel Partners, bringing its total raised capital to $1.17 million.
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Germany-based venture capital firm Global Founders Capital and Luxembourg-based firm Redline Capital invested €6.1 million ($8.3 million) in UK-based short-term e-commerce business loans startup Iwoca.
Paris, France-based travel startup Evaneos raised $6 million from a Series B funding round led by XAnge Private Equity for its expansion to other European countries.
Assemblyman Jeff Gorell has proposed to put a measure before California's voters to halt bond sales to finance the state's high-speed rail system, Reuters reported.
Cleveland, Ohio-based recycling company Vadxx Energy received funding from Liberation Capital, a private equity firm, for its first commercial-scale facility that can transform plastic waste to energy.
Rebellion Photonics Inc, a provider of cameras with the power to detect gas leaks in oil rigs and refineries, closed its Series A round with $10.4 million.
Of all the capital raised for private equity buyout funds last year, half of it went to the biggest funds, according to data published on Friday by London-based research firm Preqin.
Maryland, US-based healthcare firm WellDoc bagged $20 million from Windham Venture Partners and Merck Global Health Innovation Fund to market BlueStar, the first mobile therapy prescription for diabetes.
British biotechnology startup QuantuMDx turned to crowdfunding platform Indiegogo to raise funds for the development and commercialization of a hand-held device that can diagnose malaria rapidly.
Colorado, US-based cloud provider Peak (formerly PeakColo) raised $4 million in a new funding round from existing investors Sweetwater Capital and Meritage Funds, according to company press release.
