VENTURE CAPITAL POST

Oregon Angel Fund led the $1.7 million round "Series Seed" round for Marshall Kirkpatrick's social marketing startup Little Bird, bringing the company's total funds raised to date to $2.7 million, TechCrunch reported.

California, US-based mobile messaging app Snapchat was victimized again by a hacking attack that affected several accounts and sent spam photos of a fruit smoothie.

Colorado, US-based big data firm Datalogix is acquiring Connecticut-based shopper intelligence company Spire Marketing for an undisclosed amount to expand its footprint into shopper marketing.

San Francisco, US-based customer service software startup Zendesk is moving closer to an initial public offering (IPO) and has hired Morgan Stanley and Goldman Sachs to handle the transaction, according to a report.

Facebook is looking to steal the "second screen" crown from Twitter as the two social giant networks scramble to offer the best coverage of the National Football League (NFL) teams' clashes in the Super Bowl XLVIII.

San Francisco, US-based social media giant Twitter decided to buy more than 900 patents from American multinational tech firm IBM to settle patent infringement claims against it, with the two companies forming a patent cross-licensing agreement.

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.

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.

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.

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.

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.

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.

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?

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.

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.