VENTURE CAPITAL POST

San Francisco, US-based Flash game development and monetization platfrom Mochi Media will shut down on March 31, 2013 as it no longer has a solid future with Flash games.

San Francisco, US-based on-demand transportation app Uber is gearing up for a soft launch in Boulder, Colorado amid the controversies regarding regulations and accidents that it is currently facing.

After being arrested last month for fraud charges, Motionloft founder Jonathan Mills was indicted by a San Francisco grand jury for wire fraud and money laundering and is facing 30 years in jail.

San Francisco, US-based startup studio Expa, which was created by Uber founder Garrett Camp, raised $50 million in funding from big-time investors to provide seed funding for startups.

In a first app merger in the wine sector, San Francisco, US-based wine app Hello Vino purchased wine-focused photo-sharing app Corkbin for an undisclosed amount.

San Francisco, US-based digital music service Rdio picked up troubled Chennai, India-based music streaming startup Dhingana for an undisclosed sum as part of its strategy for international expansion.

San Francisco, US-based educational analytics startup BrightBytes pocketed $15 million in a Series B funding round led by Bessemer Venture Partners to help schools identify learning gaps in their systems.

San Francisco, US-based on-demand transportation startup Lyft announced that it will add more coverage to its ride insurance to include the time that drivers are not actively driving passengers.

San Francisco, US-based event ticketing startup Eventbrite scored $50 million in a funding round from Tiger Global Management and T. Rowe Price to fuel its international expansion plans ahead of a potential initial public offering (IPO) in 2014.

Los Angeles, California-based concert and ticketing digital unit LiveNation Labs added San Francisco-based social search startup for an undisclosed amount to deliver improved concert experience for music fans.

San Francisco, US-based startup Spellgun launched today to bring Western mobile games to China's mobile market under a partnership with video game art outsourcing firm Concept Art House and Chinese firm Talkweb.

San Francisco, US-based secret-sharing mobile app Secret is set to raise $10 million in venture capital in a funding round led by Google Ventures that will give the startup a $40-million valuation.

San Francisco, US-based application lifecycle management (ALM) solutions provider Polarion Software Inc nabbed $10 million in a Series A funding round from Munich, Germany-based investment firm Siemens Venture Capital.

San Francisco, US-based startup SeeSpace launched a $100,000 crowdfunding campaign via Kickstarter for InAIR, its new product that combines Internet and second screen functions.

New York, US-based matchmaking startup The Dating Ring has launched a $10,000 crowdfunding campaign on Crowdtilt to fly single women to San Francisco and single men to New York for a cross-country date.