San Francisco, US-based payday loan firm LendUp raised $50 million in debt funding from Victory Park Capital to provide small short-term loans for American consumers who have poor or no credit and expand to other states.
North America
Tidemark upgrades products, receives $32 million funding
Tidemark, a financial forecasting app announced today that it has upgraded its products along with an investment round valued $32 million from investors including Silicon Valley Bank, Redpoint Ventures, Tenaya Capital, Greylock Partners and Andreesen Horowitz.
SOLS receives Series A funding round of $6.4 million
SOLS, a 3D printing firm delivering customized insoles through its app, has taken in $6.4 million Series A funding from investors led by Lux Capital and joined by Rothenberg Ventures, Grape Arbor VC, FundersGuild, RRE and Felicis Ventures.
Mt Gox traders agree to settle class actions against bankrupt Bitcoin exchange
American and Canadian Bitcoin traders and investors have agreed to settle the class-action lawsuits they have filed against the bankrupt Tokyo, Japan-based Bitcoin exchange Mt Gox in return for a 16.5% stake in the firm.
Brightpearl raises $10 million funding round
Enterprise platform Brightpearl received new funding valued $10 million led by MMC Ventures and participated by other investors including Quayle Munro, Eden Ventures and Notion Capital.
Latest News
In a bid to gain traction over its growing competitors, Washington, US-based software giant Microsoft Corp announced a major boost in its OneDrive cloud storage capacity for business clients, from 25 gigab ytes to one terabyte.
Menlo Park, US-based social network giant Facebook announced its plans to build a second Iowa data center right next to its first facility in Altoona which is still being constructed and has yet to start its operations.
Comcast confirmed that it had plans to divest 3.9 million subscribers if the merger deal with Time Warner Cable would push through as it still awaiting regulatory approval.
Bridal marketplace Lover.ly has received $2.5 million Series B investment round which would soon be held officially closed after it has taken a few more investment, said sources.
OurCrowd has received $25 million Series B funding from investors identified as former Investec Bank Australia executive Geoff Levy and Mistral Equity Partners' Andy Heyer.
Mobile startup firm URX received $12 million investment from financiers led by Accel Partners and was also participated by SV Angel, Google Ventures and First Round Capital while Rich Wong joined the company's board.
Startup eezep has received cash to materialize its cloud-printing vision which could be valued at $4 million from investors including IBB and Mangrove Capital Partners.
Caving in to public pressure, San Francisco, US-based marketing automation firm RadiumOne terminated its chief executive officer (CEO) Gurbaksh Chahal after he pled guilty to domestic violence and battery charges recently filed against him.
Los Gatos, US-based e-commerce startup Wanderful Media raised $14.5 million in its fourth funding round from different media companies to launch a mobile app called Find & Save that aggregates local sales deals.
