US video editing startup Magisto raises $2M in funding, partners with Russia's Mail.ru

New York, US-based automatic video editing startup Magistro raised $2 million in a recent funding round and has struck a deal that will integrate its technology into the Russian social network Odnoklassniki, which is owned by Mail.ru.

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Practice Ignition

Australian accounting firm Practice Ignition pockets $650K in seed funding

Sydney, Australia-based accounting software maker Practice Ignition pocketed $650,000 in a seed round from investors such as MYOB co-founder Graig Winkler, for the expansion and development of the firm.

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Iluka Resources Ltd

Iluka to pick up ₤12.2M stake in UK metal powder producer Metalysis

Perth, Australia-based mineral sands explorer Iluka Resources Ltd announced that it will pick up an 18.3% stake in Rotherham, UK-based metal powder producer Metalysis for ₤12.2 million ($A22.5 million).

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A view of São Paulo

Catching Money in Latin America—Day #2 in Lima, Peru

What actions can entrepreneurs take to not only raise money to finance their enterprise but as importantly—help L. American investors to see beyond the financial rewards of investing in just their company—and finance other ventures in their community?

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Balamara Resources Limited

Australian minig firm Balamara to divest non-core assets in the Balkans for A$15.2M

Subiaco, Western Australia-based mining firm Balamara Resources Ltd agreed to divest three of its non-core assets located in the Balkans for A$15.2 million to focus on its flagship projects.

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Golf Link Partners (GLP)

MSL Solutions purchases Australia-based online handicapping system manager Golf Link

Paddington, Australia-based golf club industry software provider MSL Solutions purchased North Sydney, New South Wales-based handicapping system manager Golf Link Partners (GLP) for an undisclosed sum to expand its company portfolio.

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Megaupload founder Kim Dotcom

NZ court rules Megaupload warrant legal, dealing blow to Dotcom

A New Zealand court on Wednesday ruled that the search warrant used in the arrest of Megaupload founder Kim Dotcom on U.S. online piracy charges was legal, dealing a blow to the internet entrepreneur's fight against extradition to the United States.

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Kimberley Diamonds Ltd

Kimberley picks up new Australian diamond project from Venus Metals for A$1M

Sydney, New South Wales-based mining and exploration company Kimberley Diamonds Ltd picked up the Argyle Smoke Creek diamond project from Mumbai, India-based firm Venus Metals Corp for A$1 million in combined cash and issued shares.

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Financial Index Wealth Accountants (Findex)

Australia's Findex to take over Centric Wealth

Melbourne, Victoria-based financial planning firm Financial Index Wealth Accountants (Findex) agreed to take over Sydney, New South Wales-based high net worth advisory company Centric Wealth Ltd for an unconfirmed amount.

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Orinoco Gold Ltd

Orinoco buys out Troy's stake in Brazil gold mine

Perth, Australia-based gold explorer Orinoco Gold entered an agreement to acquire the 70% stake of gold and silver producer Troy Resources in a gold mine in the Sertao gold mine located in Brazil.

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Merlin Diamonds

Merlin Diamonds raises $1.76M for Australian mine development

Melbourne, Victoria-based diamond mining firm Merlin Diamonds raised $2 million by selling 26 million of its shares at $0.75 apiece to Singapore-based investment holding firm Blumont Group for the development of its diamond mine in the Northern Territory of Australia.

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Israeli venture capital platfrom OurCrowd eyes investment in Australian startups

Jerusalem, Israel-based venture capital funding platform OurCrowd is looking to invest in Australia-based startups amid a 4% drop in the country's pool of venture capital.

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Australian vehicle parts supplier MaxiPARTS acquires RW Internetional Parts

Victoria, Australia-based truck and trailer parts supplier MaxiPARTS acquired Wagga Wagga, New South Wales-based vehicle spare parts seller RW International Parts for an undisclosed amount to expand its retail network in the country.

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Australian travel startup Rezdy pockets $1M in funding round

Sydney, Australia-based online travel booking service Rezdy pocketed $1 million in a recent funding round from both new and existing investors to establish a new office in San Francisco, US.

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Microsoft to rebrand SkyDrive cloud storage to OneDrive and possibly give incentives to get users on board

Microsoft will soon be renaming its cloud storage service to OneDrive with the tech giant potentially giving incentives like added free storage to encourage users to use the service, TechCrunch reported.

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