Brisbane, Australia-based diversified alternative asset manager Blue Sky Alternative Investments entered a deal to purchase Adelaide-based hedge fund Investment Science Asset Management for an undisclosed amount.
Investors
Mail.ru boosts stake in Russian social network Vkontakte.ru
Internet company Mail.ru signed an agreement to buy the 12% stake of Ivan Tavrin in Russian social network VKontakte.com for an undisclosed amount to bring its total holding to 52%.
Procured Health secures $4M in Series A round
Procured Health, the startup that seeks to provide transparency to the pricing of medical devices, has received $4 million from FCA Venture Partners for its Series A funding round, VentureBeat reported.
Virginia-based digital ID network ID.me scores $10M in funding to build own marketplace
Tysons Corner, US-based secure digital ID network ID.me scored $10 million in combined venture capital and debt funding to build its own online marketplace for its users.
Mayor Nutter announces grants for five startups that promote entrepreneurship in Philadelphia
Mayor Michael Nutter announced the five startups in Philadelphia that will each receive a $25,000 grant from the Commerce Department's Startup PHL Call for Ideas to promote entrepreneurship in the city.
Latest News
CitiusTech, a healthcare IT firm, was able to get an undisclosed substantial investment amount from growth equity firm General Atlantic, a statement about the funding said.
Cary, North Carolina-based cognitive systems firm Saffron Technology was able to bag $7 million for its Series B round from unnamed investors, a statement about the funding said.
Faraday secured $880,000 for its Series A funding round led by FreshTracks Capital and joined in by other investors, a statement about the funding said.
Coupa Software, a cloud-based finance solutions provider, bagged $40 million for its Series F funding round led by Meritech Capital, a statement about the funding said.
Boston, US-based application programming interfaces (APIs) provider MachineShop Inc emerged from stealth mode and got $3 million as its first capital from a group of its customers to enable businesses to create their own middleware for Internet of Things.
Nokia Growth Partners led the Series B round for China-based online food service platform Meican.com which raked in $10 million, a statement about the funding said.
What3words, the startup that seeks to provide three-word strings to map a location, has added $1 million to its seed financing round participated in by undisclosed investors, TechCrunch reported.
Colonoscopy system maker Invendo Medical was able to secure $28 million for its latest funding round led by new backer Xeraya Capital, a statement about the funding said.
Munich, Germany-based app crowdtesting startup Testbirds picked up €2.1 million in its Series A funding round led by Seventure Partners for its expansion across Europe.
