Mumbai, India-based big data analytics startup Germin8 pocketed $3 million in its first funding round from Kalaari Capital to expand internationally and fuel sales, marketing, branding, and product development activities.
Sectors
Dropbox to shutdown German reading app Readmill after $8M acqui-hire deal
Berlin, Germany-based social reading app Readmill confirmed that San Francisco, US-based cloud storage giant Dropbox acqui-hired it for $8 million in combined stock and cash, with plans to shut it down later.
BBM now has 85M monthly active users
BlackBerry's new chief John Chen revealed that its messaging app BBM now has 85 million monthly active users and a steady growth in its user base after the app was released to the Android and iOS platform in October.
Capital Teas Inc secures $5M in Series A funding round
Specialty teas maker Capital Teas secured $5 million for its Series A funding round from Pear Tree Partners, a statement about the funding said.
French ad startup Tapvalue nabs $2.2M for international growth
French cross-device tracking and advertising startup Tapvalue nabbed $2.2 million (€1.6 million) in a venture round led by an unnamed venture capitalist and some angels to support its international growth and product development.
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US-based private equity firm Vista Equity Partners has bought talent management-focused software-as-a-service provider PeopleAdmin Inc for an undisclosed amount, a statement about the acquisition said.
Canaan Partners led the $9 million Series A financing round for real estate-focused crowdfunding site Realty Mogul which pools together investors' money to allow them to invest in properties, a statement about the investment said.
Toulouse, France-based Internet of things (IoT) cellular network operator SIGFOX landed €15 million in its Series B funding round led by IDInvest and BPIFrance to accelerate the international deployment of its network.
JWT, a New York, US-based operating company of advertising giant WPP, entered an agreement to pick up a majority stake in Mumbai, India-based social media agency Social Wavelenth for an undisclosed amount to expand its market reach.
Blackstone's energy-focused private equity business has collaborated with veterans of the water industry to create Global Water Development Partners, a water investment and development platform.
Silicon Valley, US-based venture capital firm Andreessen Horowitz closed its fourth fund at $1.5 billion to invest in a varied range of sectors including 3D printing, consumer mobile, and bitcoin.
After helping 3 million people in the Philippines and Paraguay get access to the Internet, social media giant Facebook launched the Connectivity Lab to build drones and lasers that will help more people get affordable Internet access.
After releasing the Office for iPad, software giant Microsoft made Office Mobile for iPhone and Office Mobile for Android free for home use to, but businesses still have to subscribe to use the Office 365.
Mars One, the foundation whose mission is to create a human settlement on Mars, has rolled out its new project to construct a simulation outpost on Earth, VentureBeat reported.
