Cloud-based payroll application provider ZenPayroll obtained $20 million from General Catalyst Partners and Kleiner Perkins Caufield & Byers for its Series A round, TechCrunch reported.
Sectors
Facebook to acquire messaging giant WhatsApp for $16B
Facebook will be buying WhatsApp in a cash and stock deal worth $16 billion. The messaging giant will also be retaining its brand and will function as an independent unit, TechCrunch reported.
Israeli BYOD startup Nativeflow raises $7.5M for secure data browsing
Tel Aviv, Israel-based bring-your-own-device (BYOD) startup Nativeflow raised $7.5M in funding to date to allow workers to securely browse and share both personal and corporate data, according to an exclusive report by VentureBeat.
Fosun International likely to acquire Forbes Media for less than $250M
China-based Fosun International Ltd is the most likely acquirer of Forbes Media Llc but will be paying less than $250 million for the money management magazine, according to sources interviewed by The Deal Pipeline.
Will Bitcoin Bury the Banks?
The emergence of cryptocurrencies, especially Bitcoin, has raised many to speculate whether the concept of a global digital currency is inevitable in today's society. Andrew Filipowski, founder and former CEO of PLATINUM technology, inc and current Chairman & CEO of SilkRoad Equity, believes that the value and promise of Bitcoin can completely revolutionize the global economy and has the inevitable potential to bypass banks altogether.
Latest News
Goodbye SkyDrive, hello OneDrive. Microsoft has officially rebranded its cloud storage service and launched a referral program to get more users to the platform, TechCrunch reported.
K-12 learning analytics company Renaissance Learning secured a $40 million investment from Google Capital, the investment arm of search giant Google that concentrates on late-stage deals, TechCrunch reported.
LinkedIn Corp is attempting to become more like Facebook Inc by encouraging all members to generate a steady stream of shareable articles, a perk once available only to well-known business personalities.
Brand Embassy, the UK startup that provides an SaaS platform that helps firms improve their customer service on social media, has received $1 million from two new investors, TechCrunch reported.
myTomorrows, a startup based in the Netherlands, got $2.2 million in additional funding from friends and family to give patients with critical conditions access to development-stage therapies, TechCrunch reported.
The venture capital arm of Tokyo-based Internet firm Rakuten, Rakuten Ventures, led the Series A round for Singapore-based ViSenze which raised $3.5 million, TechCrunch reported.
Berkeley, US-based startup MobileWorks raised $2.1 million in funding to change the way outsourcing works by generating online jobs for people who cannot enter the traditional career path.
Medical and pharmaceutical firm GE Healthcare Finland is planning to free up several floors in its Helsinki complex to transform the area into a corporate space where startups can collaborate and hold office.
Tencent Holdings Ltd, the biggest Internet company in Asia, purchased a 20% stake in online review platform Dianping.com, as it steps up its location-based services, Bloomberg reported.
