Santa Clara, US-based startup Crossbar bagged $25 million in its Series C funding round to expand the memory of a postage stamp-sized chip to one terabyte and make it 20 times faster that the best flash storage at present.
Investors
Varun Beverages to expand in Africa and South Asia with USD300 million investment
Varun Beverages planned to invest USD300 million for a business expansion in South Asia and Africa, reported Ventures Africa.
JP Mogran, HSBC and Merill Lynch offer bridge loan to Singapore's OCBC
Three banks have offered a bridge loan for the acquisition of Singapore's Overseas-Chinese Banking Corp Ltd. over Wing Hang Bank, reported Reuters citing sources familiar with the matter.
Apple Inc. to acquire a controlling stake in Renesas Electronics
US smartphone giant Apple Inc. had been in discussion with Renesas Electronics to buy a controlling stake in the company, according to a source familiar with the matter said a Reuters report.
Bitcoin derivatives platform BTC gets funding from Seedcoin
Bitcoin derivatives trading platform BTC.sx has secured funding from Seedcoin Fund, BTC.sx Chief Operating Officer George Samman told Reuters on Tuesday.
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Moscow, Russia-based mobile payments startup 2can landed $5 million in a Series B funding round led by InVenture Partners to integrate its service with banks in the country.
London, UK-based language learning startup Fluentify took home $410,000 in angel investment in a round led by former Barclays exec Stefano Marsaglia to beef up its workforce and service in Southern Europe.
ClearStory Data was able to get $21 million for its Series B funding round led by DAG Ventures and joined in by other backers, TechCrunch reported.
New York, US-based app developer Handshake nabbed $8 million in its Series A funding round led by Emergence Capital Partners to expand its wholesale sales order management app.
Smart Ventures already tapped a veteran fund manager to work on the $100 million initial private placement fundraising for Cannabis Funding Group, the statement said.
New York, US-based fitness startup Classtivity rebranded as ClassPass as it closed $2 million in a seed funding round from several angel investors to help customers stick more to its workout program.
Resistive RAM technology pioneer Crossbar Inc obtained $25 million for its Series C financing round from its current backers and new investors, a statement about the funding said.
Kitchensurfing has secured a $15 million investment for its Series B round led by Tiger Global Management and participated in by Union Square ventures and Spark Capital.
Global private equity firm The Riverside Company provided an undisclosed investment amount to the Harvey Tool Company, a specialized cutting tools provider based in Rowley, Massachusetts.
