Odyssey Airlines has decided to source investment through a crowdfunding that would allow the company to raise $8.4 million equity capital in preparation for a launch in 2016 and its operational costs.
Sectors
Mainstay Medical raises €18M in Dublin and Paris listing
Dublin, Ireland-based medical startup Mainstay Medical raised €18M as it completed a listing in the Iris Stock Exchange (ISE) to fund the clinical trials for its product in the US and Europe next year.
New York taxi firm Yellow Cab buys rival Rochester Taxi
New York, US-based taxi service Yellow Cab bought its younger rival Rochester Taxi Co, which is owned by Roba Bati, for an undisclosed amount in a deal that will bring the latter under the Best Ride brand later on.
Mining tycoon Andrew Forrest acquires Australian beef processor Harvey Beef
Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.
C&A adds bankrupt Chicago photo chain Calumet in $4M deal
Ridgefield Park, New Jersey-based camera and photography equipment manufacturer C&A Marketing Inc added the already-bankrupt Chicago, Illinois-based photo chain Calumet Photographic Inc for $4 million to rebuild the shuttered business.
Latest News
Rangespan was acquired by Google which was a third for the latter to buy a company based in the U with the terms of the deal left unrevelead.
Orbotix has raised $20 million funding round bringing the total investment receive by the company at $35.2 million but did not reveal financial terms of the deal or the investors behind the round.
Cambridge, Massachusetts-based e-book deals service BookBub scored $3.8 million in its first funding round led by NextView Ventures and Founder Collective to expand its workforce and services and tap into international markets.
Fremont, US-based intellectual property (IP) management firm Lecorpio bagged $10 million in an unneeded funding round with Los Angeles-based investor M2O to guarantee the safe exchange of ideas and information for its enterprise clients.
Washington, US-based software giant Microsoft acquired Wellington, New Zealand-based cloud computing firm GreenButton for an undisclosed amount to incorporate it into the Azure public cloud platform to give companies remote access to software.
New York, US-based physical storage provider MakeSpace landed $8 million in funding from Upfront Ventures, OATV, Founders Fund, and other investors, to model its service after Uber and Dropbox and expand its workforce.
New York, US-based open-source video platform Kaltura bought Tel Aviv, Israel-based pay TV service startup Tvinci for an undisclosed amount to gain flexibility in the video business and grow its revenue.
JX Nippon Oil & Energy Corporation has opened an office in Johannesburg, South Africa that could indicate possible company expansion as the former looks to collaborate with exploration and retail firms.
Tesla Motors quietly secured permits to modify a former Chrysler facility in California and is hiring 32 workers for the said facility, according to a Bloomberg report published last week.
