Northwestern University (NU) trustees Michael Ferro Jr and Pat Ryan Jr each donated $2 million to build an incubator space called the Garage near the Henry Crown Sports Pavilion where student entrepreneurs can develop projects, classes, and businesses.
Investors
Canadian social reading community Wattpad pockets $48M in Series C funding
Ontario, Canada-based social reading community Wattpad pocketed $48 million in its Series C funding from its existing investors to expand its workforce and develop its product.
Irish home beer-brewing appliance Brewbot bags £82K from Invest NI
Belfast, Ireland-based home-brewing firm Cargo bagged £82,000 in funding from Invest North Ireland (NI) for the development and marketing of its smartphone-controlled beer-making robot Brewbot.
Twitter snaps up lock-screen startup Cover for Android
Social media giant Twitter snapped up Cover, a startup that offers a lock screen and app drawer for Android devices, for an undisclosed amount, to boost its popularity among Android users.
British analytics firm Trak.io raises $150K in seed funding to track customer behavior
London, UK-based visual customer analytics firm Trak.io emerged from private beta and raised $150,000 in seed funding from Kima Ventures last August to track the behavior of startups' customers.
Latest News
Boston, Massachusetts-based mobile healthcare management platform Wellframe nabbed $1.5 million in a seed funding round from several high net worth individuals to provide patients with an app that will serve as their personal digital nurse.
Former Zenith executive Andrew Cope bought a significant stake in Huddersfield, UK-based fleet management firm FMG for an undisclosed amount and will become part of the company's board.
Oneonta, US-based large format ultracapacitor manufacturer Ioxus secured $21 million in its Series C funding round to help address climate change by integrating its products into hybrid buses in China.
Davis, California-based agricultural biotech firm BioConsortia Inc took hoe $15 million in a Series B funding led by Khosla Ventures and Otter Capital to accelerate the commercialization of its crops.
London, UK-based innovation hub TrueStart raised $5 million in a seed funding round to invest in 20 retail and consumer startups in Europe every year and provide them with legal and recruitment support.
Ridgeville, US-based biotech forestry firm ArborGen purchased Southland, New Zealand-based seedling grower Edendale Nursery for an undisclosed amount to tap the markets in the North and South Islands of New Zealand.
Rehovot, Israel-based 3D printing firm Stratasys bought Wisconsin, US-based plastic filament maker Interfacial Solutions for an undisclosed sum to streamline its operations through hardware and filament production.
Boston, US-based real estate investment and management firm Albany Road Real Estate Partners bought downtown Nashville's Service Source Tower in a deal valued at $34 million.
San Francisco, US-based cloud storage giant Dropbox has raised $500 million in a debt funding reportedly led by JP Morgan for the construction of its new data centers, according to a source familiar with the situation.
