Zubie, a connected car service provider headquartered in South Carolina, raised $10 million for its Series A round led by Castrol innoVentures, Comporium Inc and OpenAir Equity.
Funding
Russian investor AddVenture invests in e-store Nebo.ru and food startup Chefmarket.ru
Moscow, Russia-based fund AddVenture has invested $2 million in online jewelry seller Nebo.ru and an undisclosed amount in food delivery startup Chefmarket.ru for their marketing and expansion projects.
Canada pension funds change conservative ways and take on private equity- report
The pension funds in Canada were said to have shifted towards private equity in their quest to avoid fees and improve performance to better serve the needs of its retirees, a Businessweek report said.
California's Oculus VR raises $75M to launch virtual reality goggles
Irvine, California-based firm Oculus VR has raised $75 million in a funding round led by venture capital firm Andreessen Horowitz to launch a consumer version of the tech firm's virtual reality goggles.
PAG invests $250M in Universal Studios Japan
Asian buyout firm PAG has committed $250 million in theme park operator Universal Studios Japan. The said fund will be used to develop a new Harry Potter attraction and expand into other parts of Asia.
Latest News
Education startup Koru secured $4.35 million from Maveron and other investors to help transform the way recent college graduates prepare to work in the real world.
A spokesman for Snapchat confirmed to VentureBeat that the $50 million in funding raised by the startup was provided by a single investor, and that is Coatue Management.
Coinbase, a digital wallet services provider, raised $25 million in a Series B funding round participated by Andreessen Horowitz, Union Square Ventures and Ribbit Capital.
New York-based Bitcoin fund Bitcoin Investment Trust has raised around $65 million in virtual currency after just two months in operation, according to the fund's founder.
Bangalore-based big data startup Spire Technogies reportedly secured $8 million in a Series A funding round to help its clients manage talent to expand into Asia and the US.
Austin-based mobile app maker Apptive announced it has secured $1 million in funding to fuel the expansion of its partnerships with online merchants and e-commerce platforms.
Ottawa, Canada-based e-commerce company Shopify has raised $100 million in a Series C funding round to help it transition to a commerce company that reaches the online and offline market.
Aliko Dangote, the richest man in Africa and Chief Executive of Nigerian company Dangote Group, plans to invest around $16 billion in cement, agriculture, and petrochemicals project in 18 countries over the next four years.
Switzerland's biggest bank, UBS AG, will be entering the property market in Australia through a joint venture with local developer Grocon Pty, a Bloomberg report said.
