Instead of taking things easy on retirement, an increasing number of older Americans have become entrepreneurs and have taken the risk of forming their own companies, Bloomberg reported.
Funding
Symphony Technology Group, Evidera purchase Kaiser Permanente subsidiary Archimedes
Private equity firm Symphony Technology Group or STG and its portfolio firm Evidera said they had purchased healthcare modeling company Archimedes for an undisclosed amount.
Singapore's OCBC unveils $100M China private equity fund
Singapore's Oversea-Chinese Banking Corp. Ltd. recently launched a $100 million private equity fund to invest in onshore Chinese companies over the next five years. The said fund will managed by OCBC Capital Equity Investment Management Co. based in Shanghai.
Closing Time closes $2.7M in funding to simplify home-buying process in the US
California, US-based home buying to-do service Closing Time raised $2.7 million in a funding round led by Accel Partners and former Yahoo executives, for the expansion of its service and workforce.
Z Capital Partners looks to set $750M hard cap for second fund- sources
Citing sources, a PEHUB report said private equity firm Z Capital Partners is eyeing a hard cap of $750 million for Fund II after exceeding its target.
Latest News
Sydney, Australia-based investment manager AMP capital invested $100 million in subordinated financing for the fully operational Astoria Project Partners power plant in New York, USA.
New York City, US-based health insurer Oscar has secured $30 million in a funding round led by the Founders Fund to accelerate its expansion across the country.
California, US-based clinical genomic startup Omicia has raised $6.8 million in a Series A round led by Artis Ventures for the expansion of its marketing efforts and optimization of its big data offerings.
New York, US-based TV streaming startup Aereo has secured $34 million in a Series C funding round led by IAC, amid a lengthy legal battle with major rivals who want to bring it down.
US-based private equity group Blackstone bought a further 2.79% stake in Mumbai, India-based commodity bourse Multi Commodity Exchange (MCX) from foreign fund house Merrill Lynch, bringing its total holding to 4.99%.
News website Mashable takes on funding from outside investors for the first time, raising 13.3 million in its Series A funding round led by growth equity firm Updata Partners.
Northern Virginia-based private equity investment manager has invested an undisclosed amount in Nexercise, a Maryland-based free motivational health and fitness app for iPhone and Android.
Canada-based firm Enbridge Inc has announced an agreement to pour in $200 million in the Keechi Wind Project in Colorado, Texas, which is expected to be completed in early 2015.
Israeli startup OneHour Translation raised $10 million from venture capital firm Fortissimo Capital for its Series A funding round. Proceeds will be used to continue with the firm's international growth.
