London

Accountant says ARMS needs refinancing to secure future

Asia Resource Minerals (ARMS) , the Indonesia-focused miner formerly known as Bumi Plc, needs to refinance its debts soon in order to survive, its accountants said on Thursday, as the firm posted a wider first-half underlying loss.

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British music app Bloom.fm shuts down after investor pulls funds

London, UK-based music streaming startup Bloom.fm announced via Twitter that it shut down right after it was banned from Apple's ad network and its sole investor, Russian TV channel TNT, pulled its fundings.

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London security firm CertiVox scores $8M in Series B financing

London, UK-based security firm CertiVox scored $8 million in its Series B financing from new investor NTT Docomo Ventures and previous backer Octopus Investments to expand its software-based alternative authentication platform.

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Amadeus picks up $4.5M stake in Brazilian insurance broker Bidu

London, UK-based venture capital firm Amadeus Capital picked up an undisclosed stake in Sao Paulo, Brazil-based online insurance broker Bidu.com for $4.5 million to take advantage of the growth in emerging markets.

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Pfizer-AstraZeneca acquisition talks halted, no plan to resume - Sources

The deal between Pfizer and AstraZeneca to acquire its London based business were halted with no plans to resume said sources who spoke in condition of anonymity as the matter was held private in nature.

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Citymapper takes in USD10 million Series A funding round

Citymapper has raised USD10 million Series A funding round led by Balderton Capital and other investors including Index Ventures, Greylock Partners and Connect Ventures.

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California healthcare informatics firm AdverseEvents secures $2M in Series A round

Santa Rosa, US-based healthcare informatics firm AdverseEvents secured $2 million in its Series A funding round led by London, UK-based life science research firm Evaluate Ltd to accelerate its growth.

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British cross-border payments startup The Currency Cloud raises $10M in funding

London, UK-based cross-border payments startup The Currency Cloud raised $10 million in a Series B funding round to make international payments smoother and more transparent.

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British social TV app Zeebox rebrands itself as Beamly

In a bid to expand its user base and retain loyalty, London, UK-based social TV app Zeebox rebranded itself as a new app called Beamly which now has enhanced social functionality and content discovery range.

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China Haidian acquires London-based Swiss watch seller Dreyfuss in all-share deal

Kowloon, Hong Kong-based investment firm China Haidian Holdings Ltd acquired London, UK-based Swiss watch retailer The Dreyfuss Group in an all-share deal that will see the Dreyfuss brands expand into Asia.

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Orion snaps up Domus Shopping Center near Paris

London, UK-based real estate management firm Orion Capital Managers LLP, through Orion European Real Estate Fund IV, snapped up the Domus Shopping Center located near Paris for an undisclosed sum.

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Zesty bags additional $2M in seed funding to expand healthcare appointment platform beyond London

London, UK-based healthcare appointment platform Zesty bagged an additional $2 million in its seed funding round from TA Ventures and ABRT Fund to expand its services beyond London.

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San Francisco cloud service marketplace AppDirect nabs $35M in Series C funding

San Francisco, US-based cloud service marketplace AppDirect nabbed $35 million in its third funding round led by Mithril Capital Management to fuel its growth campaign.

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British analytics firm Trak.io raises $150K in seed funding to track customer behavior

London, UK-based visual customer analytics firm Trak.io emerged from private beta and raised $150,000 in seed funding from Kima Ventures last August to track the behavior of startups' customers.

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UK innovation hub TrueStart raises $5M for European retail and consumer startups

London, UK-based innovation hub TrueStart raised $5 million in a seed funding round to invest in 20 retail and consumer startups in Europe every year and provide them with legal and recruitment support.

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