Smile Mom, the app that allows moms to share baby photos and family updates with moms living nearby, has raised $1.5 million in seed funds from angel and institutional investors, TechCrunch reported.
Sectors
American car booking firm Uber to invade Asia Pacific market -source
San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.
Venture capitalist Jamie McCourt grants $25K to UNICEF
Venture capitalist Jamie McCourt gave a $25,000 grant to UNICEF to support this year's UNICEF Ball fund campaign. McCourt, who owns Jamie Enterprises, gave the grant late last month.
Accel Partners adds Eric Wolford as venture partner
Eric Wolford has been added as a venture partner of Silicon Valley-based venture capital firm Accel Partners. Wolford also sits on the board of BitTorrent and Jut.
Argentina to impose online purchase restrictions
The Argentine Republic’s government is imposing a restriction on online purchases, in a bid to reduce the amount of dollars leaving the country and help lift its economy.
Latest News
Cascadia Capital, a diversified, boutique investment bank today announced its Consumer Practice advised Zuke's, LLC (d/b/a Zuke's) on its sale to Nestlé Purina PetCare Company, a subsidiary of Nestlé S.A. which closed in late 2013.
According to Preqin, the number of new private equity companies introduced globally last year was at its lowest level in over a decade and a half, The Wall Street Journal blog Private Equity Beat reported.
Limerick, Ireland-based environmental software developer AMCS Group closed €23.5 million in a funding round led by Highland Capital Partners Europe (HCPE) for its expansion into Europe, Australia, New Zealand, and the Americas.
Qualcomm has announced that it had acquired 2,400 patents from Hewlett-Packard, including the patents from Palm which HP had bought in 2010 in a deal worth $1.2 billion, Gigaom reported.
Dallas, Texas-based luxury specialty department store Neiman Marcus confirmed that 1.1 million debit and credit cards could have been compromised during a malware attack from July 16 to October 30, 2013.
Newly-launched San Francisco, California-based human-powered discovery and search parsing app Jelly raised an undisclosed amount in a Series B funding round led by Greylock Partners.
Middle market private equity firms that invest in small and middle-sized companies have a good reason to be bullish as growth is strong in the sector, CNBC reported.
After recently closing a $7.5-million funding round, US-based Bitcoin focused investment fund CoinSeed acquired BitFury's specialized Bitcoin mining hardware for $5 million to build one of the biggest cryptocurrency mining infrastructures in the world.
Fitmob, the fitness startup founded by Raj Kapoor and Paul Twohey, has just obtained financing worth $9.75 million to redefine the workout experience, TechCrunch reported.
