Chinese messaging app WeChat undergoes major upgrade

With the spotlight suddenly turned on messaging apps after Facebook acquired WhatsApp, Chinese app WeChat released a major upgrade for the iOS and Android versions with new features such as real-time location sharing and chat history search.


H.I.G. Capital affiliate Bayside Capital purchases Hilton Hotel from Pandox AB

Bayside Capital, an affiliate of private equity firm H.I.G. Capital, has bought the Hilton Hotel in London Docklands from Pandox AB for an undisclosed price.

Electranova Capital and Total Energy Ventures back Germany-based Sunfire

An undisclosed investment amount was given to Germany-based Sunfire from Electranova Capital, the clean technology venture capital fund of Idinvest Partners sponsored by EDF, and Total's venture capital arm Total Energy Ventures.

Major European asset management firm invests $4M in Kofax application

A high profile global wealth and asset management firm in Western Europe spent $4 million to acquire the licenses and related services for Kofax TotalAgility 7.0 and Kofax Analytics, which are products created by California, US-based business software firm Kofax Ltd.


Latest News

Texas-based medical imaging firm Seno Medical Instruments Inc secured $34.6 million of its $39 million Series C equity funding round led by MedCare Investment Funds.
Piazza, a social Q&A platform that connects students, teaching assistants and professors, has rolled out a new recruiting tool with the help of an additional $8 million from Khosla Ventures and Bessemer Ventures in a Series B round which quietly closed last year, TechCrunch reported.
Opternative, a Chicago-based startup, bagged $1 million in seed funding from Tribeca Venture Partners and Chicago Ventures does away with the need to have an in-person eye exam, TechCrunch reported.
A cybersecurity firm said on Tuesday that it uncovered stolen credentials from some 360 million accounts that are available for sale on cyber black markets, though it is unsure where they came from or what they can be used to access.
Lerer Ventures led the first institutional funding round for tuxedo rental business The Black Tux which raised $2.6 million to offer clients cheaper yet higher quality suit and tie, TechCrunch reported.
Tempo Telecom, a provider of prepaid and flexible communications services, received an investment from Birch Equity Partners, a private equity firm based in Atlanta, Georgia.
After the seed funding round led by Vinod Khosla of Khosla Ventures, wearable technologies startup Quanttus received a $19 million Series A round from Khosla Ventures and Matrix Partners.
TraceLink Inc obtained a growth investment of $5.5 million in a round led by FirstMark Capital. Proceeds of the financing will be used for worldwide expansion and to finance more investments in its Life Sciences Cloud network platform.
Thesan Pharmaceuticals, a biotech firm that develops therapies for skin conditions, raised $49 million for its Series B round led by existing investor Novo Ventures and joined in by SV Life Sciences, Lundbeckfond Ventures and Novartis Venture Fund.
UK-based generalist investor Beringea has made a £3 million investment in anti-microbial curtains and blinds maker Disposable Curtains Limited which does business under the name All in One Medical.