Internet giant Yahoo is reportedly in advanced talks to purchase San Francisco, California-based enterprise app studio Tomfoolery in a deal valued at $16 million, according to different sources.
Sectors
San Franciso-based Cotap snags $10M in Series B led by Emergence Capital Partners
Secure mobile messaging app for enterprises Cotap raised $10 million for its Series B funding round led by Emergence Capital Partners. So far, the latest proceeds brought to $15.5 million Cotap's total funds raised.
Silicon Valley-based RenovoRx Inc closes Series B round led by Golden Seeds
RenovoRx Inc, a privately-held medical device maker, closed its series B funding round with $1.15 million. The financing was led by one of the largest angel groups in the US, Golden Seeds.
Canada's Jamieson Laboratories to be sold to CCMP Capital Advisors
Jamieson Laboratories, the largest manufacturer and distributor of natural health products in Canada, will be purchased by CCMP Capital Advisors. Terms of the deal were not disclosed.
London-based GoCardless raises $7M in Series B round led by Balderton Capital
GoCardless, a payments platform for online Direct Debits in the UK, was able to obtain $7 million for its Series B funding round led by venture capital firm Balderton Capital.
Latest News
In its fourth expansion via acquisition, Paris, France-based carpooling site BlaBlaCar added Podorozhniki for an undisclosed sum to tap into the market of Russia and Ukraine.
The sale of the art collection of convicted jeweler Ralph O. Esmerian was able to gather $13 million, $10.5 million of which will go to creditors, Bloomberg reported.
Accellion Inc has introduced kiteworks in a bid to make a play in the file sharing space now led by Box Inc and Dropbox Inc, The Wall Street Journal blog Venture Capital Dispatch reported.
Ventureast Tenet Fund, together with angel investors, invested $3 million for the expansion of Bangalore, India-based medical device maker OneBreath into India, Eastern Europe, and Africa.
Japan-based games developer Cygames, the creator of top-grossing mobile game Rage of Bahamut, invested around $680,000 (JPY70 million) in Miracle Positive, the developer of Japanese indie game Airship Q.
San Francisco, US-based photo sharing website Pinterest launched its "Interests" page today to help users find exactly what they like, as part of its goal to expand the website and search capability.
The annual average return of university endowments was pegged at 11.7%, according to figures from the National Association of College and University Business Officers and the Commonfund Institute, Bloomberg reported.
For the first time, tech companies like Google Inc and Apple Inc will be allowed to give information about government requests for customer data, Bloomberg data.
Charlie Shrem and Robert Faiella, both executives of New York-based Bitcoin exchange business BitInstant, were arrested for money laundering in connection to the illegal drug transactions on an online black market, according to the Manhattan US attorney.
