London-based Facebook phone maker Inq Mobile shuts down

Inq Mobile, the London-based company which is among the first to make a Facebook phone, announced via its website that it has shutdown, but the company has not elaborated on the exact reason.

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Twitter co-founder Ev Williams raises $25M for blogging platform Medium

In its first outside funding round, Medium, the blogging platform that Twitter co-founder Ev Williams established, raised $25 million from Greylock Partners and other investors.

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Founders of Indian SMS-based offline search engine seek $500K in seed funding for Jelly rival

The co-founders of Bangalore, India-based offline search engine Innoz are seeking $500,000 in seed funding to build a rival app for Jelly which will target the US market.

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San Francisco-based search app Jelly closes Greylock-led Series B round

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.

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New seed firm Brooklyn Bridge Ventures secures $8.3M from investors

Brooklyn-based firm Brooklyn Bridge Ventures, a new seed investment fund founded by former First Round Capital principal Charlie O'Donnell, secured $8.3 million in funding from several investors.

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Twitter seeks to capitalize on users' diversity to attract advertisers - report

The users of Twitter in the US are more racially diverse compared to those of other Internet sites and Twitter is capitalizing on its demographics to get revenues, The Wall Street Journal reported.

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Could a senator on Snapchat be bad news for teens?

Will having Kentucky Senator Rand Paul and other adults on Snapchat make the service unpopular to teens and make it go the way of Facebook?

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US file hosting service Dropbox still facing partial service problems almost 48 hours after an outage

California, US-based file hosting service Dropbox is still dealing with service interruptions for 5% of its users almost 48 hours after an outage brought down the site.

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San Francisco's Radius scores $13M to improve workflows for salespeople

San Francisco, US-based big data firm Radius raised $13 million in a funding round led by Formation8 Partners to spot great leads and improve workflows for salespeople.

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US blogging system Medium mulls raising $20M in venture capital -rumor

US-based online writing and reading system Medium by Evan Williams is considering raising $20 million from venture capitalists after basically thriving on angel investments, according to circulating rumors.

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Venture-backed IPOs rise to record highs since 2007

VentureBeat reported that 2013 was a good year for venture capital firms as it was the third quarter in a row when there were more than 20 venture-backed companies that held their public debuts.

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San Francisco stealth startup Pushd bags $1.04M for new app

San Francisco, US-based secretive startup Pushd raised $1.04 million in a recent funding round from unidentified investors, according to a document filed with the US Securities and Exchange Commission.

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Facebook acquires sports aggregator SportStream

In a bid to outdo Twitter in terms of real-time sports discussion, social media giant Facebook has bought sports aggregator SportStream for an undisclosed amount.

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Germany-based 6Wunderkinder acquires and winds down Moped

Moped, a messaging platform startup, had been acquired by local cloud-based software startup 6Wunderkinder, according to the former's announcement on its website. Financial details of the transaction were not disclosed.

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Former Square Wallet lead and Googe PM raise USD1.2 million for Secret startup in US

Former Square Wallet technical lead David Byttow and former Google product manager Chrys Bader-Wechseler are raising USD1.2 million in seed funding for their new startup called Secret.

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