Houston, US-based virtual reality (VR) treadmill maker Virtuix Omni bagged $3 million in its seed funding round with Tekton Ventures and Maveron as lead investors to fund the commercial release of its product.
Sectors
ShopKeep POS raises $25 million investment
New York City-based ShopKeep POS has raised $25 million funding round led by Thayer Street Partners to be used to replace their old systems which uses Windows XP.
Irish beverage firm C&C to shell out £1.2M for expansion
Belfast, Ireland-based alcoholic beverage firm C&C will shell out £1.2 million to expand in Belfast and open a new commercial business support center, creating an additional 25 jobs in the region.
Domain Elite invests $6.5M to bring SMART Medical Systems' endoscopy products to China
American venture capital firm Domain Elite invested $6.5 million in Israeli endoscopy and colonoscopy products maker SMART Medical Systems to bring the latter's products to meet the demand for the said products in Greater China.
Facebook enters fitness arena with purchase of Finnish fitness app maker ProtoGeo
US social media giant Facebook entered the fitness arena with its acquisition of Helsinki, Finland-based mobile fitness tracking app maker ProtoGeo Oy for an undisclosed amount to beef up its mobile app portfolio.
Latest News
Burbank, US-based SaaS (Software-as-a-Service) database startup Connectivity secured $6.3 million in its Series A funding from Greycroft Partners, Rincon Venture Partners, Double M Partners, and other investors to release a new platform with additional features.
San Francisco, US-based real time enterprise collaboration platform Slack, the startup established by Flicker co-founder Stewart Butterfield, is raising $30 million in a new funding round to boost its growth campaign.
Michigan, US-based restaurant chain and pizza delivery firm Domino's Pizza launched a new mobile ordering app for iPad with a 3D pizza building feature that will give customers a visual way of customizing their pizza and when ordering for take-out or delivery.
GE Energy Financial Services announced that it will invest $24 million in Welspun Renewables Energy Pvt Ltd's solar power project in Neemuch, India to help more people in the country have access to renewable energy.
In its 14th acquisition, San Francisco, US-based publishing platform developer Automattic bought New York City-based code-free website creation startup Scroll Kit for an undisclosed amount to integrate the latter's features into WordPress.
XAPPmedia has received a $3 million funding round from private investors that would be used to support the mobile ads platform of the company referred to as XAPP Ads.
Ondot Systems has been planning to develop a system that would allow credit and debit card holders to manage all aspects of their accounts through a mobile app making the company received $18 million investment.
Russian telecoms giant Vimpelcom has agreed to let go of its much disputed holdings in Orascom Telecom Algeria to the Algerian government after buying the telecoms firm from Naguib Sawiris in 2010 for $6 billion.
Stitch has raised $3.25 million seed funding led by Google Ventures, Foundation Capital, Freestyle Capital, SoftTech and ENIAC Ventures with participation from angles including Tom Conrad, Brad Garlinghouse and Eric Hahn.
