Ontario, Canada-based social reading community Wattpad pocketed $48 million in its Series C funding from its existing investors to expand its workforce and develop its product.
Sectors
US firm iControl Networks acquires Canadian home automation device maker Blacksumac
Redwood City, US-based remote home monitoring company iControl Networks acquired Ottawa, Canada-based home automation device maker Blacksumac for an undisclosed amount to expand its product portfolio.
Rural Broadband Investments snaps up Poplar Bluff cable system
Kansas, US-based broadband infrastructure investor Rural Broadband Investments LLC snapped up the cable system catering to Poplar Bluff, Missouri, for an undisclosed amount to provide people with better cable and internet services.
American wine app Drync lands $2.1M in funding
Boston, Massachusetts-based wine discovery mobile app Drync landed $2.1 million in a funding round from institutional and angel investors to build its wine shopping platform.
LT Group increases stake in Philippine sugar mill Victorias Milling
Philippine consortium LT Group Inc (LTG) increased its stake in Negros Occidental-based integrated sugar mill and refinery Victorias Milling Company Inc (VMC) from 7.4% to 14.8% for an undisclosed amount.
Latest News
Belfast, Ireland-based home-brewing firm Cargo bagged £82,000 in funding from Invest North Ireland (NI) for the development and marketing of its smartphone-controlled beer-making robot Brewbot.
San Francisco, US-based transportation network firm Uber will launch an on-demand courier service in Manhattan, New York tomorrow, according to an exclusive report by VentureBeat.
Social media giant Twitter snapped up Cover, a startup that offers a lock screen and app drawer for Android devices, for an undisclosed amount, to boost its popularity among Android users.
London, UK-based visual customer analytics firm Trak.io emerged from private beta and raised $150,000 in seed funding from Kima Ventures last August to track the behavior of startups' customers.
Kuala Lumpur, Malaysia-based taxi app GrabTaxi closed its Series A round with more than $1 million from Singaporean state-owned investment firm Vertex Ventures to conquer Southeast Asia.
US-based video-sharing giant YouTube representative Gonenc Gurkaynak filed a legal complaint to the Turkish Consitutional Court against the ban that prime minister Recep Tayyip Erdogan issued against the service.
Bangkok, Thailand-based digital publication platform Ookbee landed $7 million in a Series B funding led by Japanese outsourcing firm Transcosmos to fuel its Southeast Asian expansion.
Northwestern University (NU) trustees Michael Ferro Jr and Pat Ryan Jr each donated $2 million to build an incubator space called the Garage near the Henry Crown Sports Pavilion where student entrepreneurs can develop projects, classes, and businesses.
Cupertino, US-based smartphone giant Apple launched its iPhone trade-in program in Germany to allow its customers to purchase a new iPhone at a discounted price when they trade in a qualifying old device.
