TechCrunch

San Francisco payday loan firm LendUp raises $50M in debt funding

San Francisco, US-based payday loan firm LendUp raised $50 million in debt funding from Victory Park Capital to provide small short-term loans for American consumers who have poor or no credit and expand to other states.

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Microsoft boosts OneDrive storage for business clients to 1TB

In a bid to gain traction over its growing competitors, Washington, US-based software giant Microsoft Corp announced a major boost in its OneDrive cloud storage capacity for business clients, from 25 gigab ytes to one terabyte.

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Facebook to build second Iowa data center

Menlo Park, US-based social network giant Facebook announced its plans to build a second Iowa data center right next to its first facility in Altoona which is still being constructed and has yet to start its operations.

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Lover.ly receives $2.5 mln Series B funding

Bridal marketplace Lover.ly has received $2.5 million Series B investment round which would soon be held officially closed after it has taken a few more investment, said sources.

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OurCrowd receives $25 million Series B funding

OurCrowd has received $25 million Series B funding from investors identified as former Investec Bank Australia executive Geoff Levy and Mistral Equity Partners' Andy Heyer.

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Alibaba, Yunfeng Capital to acquire stake in Youku Tudou valued $1.22 bln

Alibaba and Jack Ma's co-founded company, Yunfeng Capital, said that they would acquire a stake in China's YouTube equivalent Youku Tuduo in a deal valued $1.22 bln prior its highly anticipated public debut.

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Mobile startup firm URX received $12 mln investment

Mobile startup firm URX received $12 million investment from financiers led by Accel Partners and was also participated by SV Angel, Google Ventures and First Round Capital while Rich Wong joined the company's board.

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Startup eezep has received cash to materialize its cloud-printing vision

Startup eezep has received cash to materialize its cloud-printing vision which could be valued at $4 million from investors including IBB and Mangrove Capital Partners.

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Neil Young's music startup PonoMusic focuses on production after pocketing $6.2M in Kickstarter campaign

San Francisco, US-based music app and player startup PonoMusic is now focusing on production after it pocketed $6.2 million in a crowdfunding campaign on Kickstarter which ended more than a week ago.

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Bitcoin price drops after China imposes new restrictions

BTC China has halted deposits of local currency from the China Merchants Bank, causing the value of Bitcoin to fall from $500 to below $440, a 10% difference from its value in the past few days.

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New York grocery delivery service Blue Apron looks to raise $50M in Series C funding

New York, US-based grocery delivery service Blue Apron is looking to raise $50 million in its Series C funding with Stripes Group as the lead investor to boost its growth and revenue.

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Canadian medical photo sharing app Figure 1 releases new features

Toronto, Canada-based medical photo and information sharing app Figure 1 released new features yesterday to give doctors ability to create better profiles and allow them to collaborate with other users on different medical cases.

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Chinese startup ChaseFuture bags $400K in seed round to coach international students on university admissions

Shanghai, China-based university applicant mentoring startup ChaseFuture bagged $400,000 in its seed funding round led by Banyan Partners and Harbor Pacific Capital to assist international students in university admission tests.

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San Francisco startup Streem raises $875K in seed funding for unlimited cloud storage

San Francisco, US-based large media storage startup Streem raised $875,000 in seed funding from Y Combinator, 500 Startups, and other angel investors to provide unlimited cloud storage for their customers at $20 per month.

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South Korean content recognition firm Enswers scores $2M in funding from Samsung

Seoul, South Korea-based content recognition tech firm Enswers scored $2 million in a recent funding round from Samsung Ventures to boost its expansion campaign across the US and North America.

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