VENTURE CAPITAL POST

Seattle, US-based e-commerce and digital media giant Amazon will rename its London-based streaming video service LoveFilm as Prime Instant Video in Germany and the UK starting February 26.

Google Ventures general partner Rich Miner will join the board of directors of San Francisco, US-based mobile app performance management (mAPM) firm Crittercism to replace Wesley Chan, who left Google Ventures to establish his own company.

San Francisco, California-based crowdfunding firm Crowdtilt launched an open source crowdfunding solution called Crowdtilt n that supports Bitcoin and allows anyone to start a campaign on their own websites.

San Francisco, US-based venture capital fund network IDG Ventures is currently raising $100 million for its third fund, the IDG Ventures III, to invest in early-stage startups in the US.

China-based Social media marketing firm KMSocial has raised tens of millions of dollars in a Series B funding round led by Fosun Venture Capital Investment. Existing investor Fidelity Growth Partners Asia also participated in the said round, according to VentureBeat.

US-based search giant Google announced that it is developing an experimental smartphone 3D mapping platform called Project Tango which is led by the advanced hardware group of Motorola.

Los Angeles, US-based graphics-rendering firm Otoy acquired San Francisco-based app-streaming startup AppSlingr for an undisclosed amount to make large applications run in the cloud using any device.

New York, US-based event ticket aggregator TiqIQ bagged $1.7 million in a funding round led by Stonehenge Growth Capital to develop its product that predicts best ticket prices and availability for sports events.

California, US-based payments firm PayPal said it will open its new mobile software development kit (SDK) to all mobile developers across 30 countries starting February 24 to make way for a more convenient PayPal checkout in mobile apps.

After 12 years in the industry, New York, US-based local group network Meetup closed an undisclosed amount in its second funding round from three major investors to allow some of its employees to exercise their expiring stock options.

Canonical, the parent firm of UK-based operating system Ubuntu, partnered with Chinese electronics firm Meizu and Spanish mobile gadget firm Bq to build the first Ubuntu Mobile phones this year.

In a bid to compete with rivals in the search-advertising sector, US-based search giant debuted Gemini, its new platform that lets advertisers combine mobile search and native advertisements.

Tel Aviv, Israel-based bring-your-own-device (BYOD) startup Nativeflow raised $7.5M in funding to date to allow workers to securely browse and share both personal and corporate data, according to an exclusive report by VentureBeat.

Health and lifestyle investors Tripp Baird and Vishal Vasishth are in the process of raising $150 million for their Builders Fund in San Francisco, based on a document filed with the Securities and Exchange Commission (SEC).

Boston, US-based smart eyewear startup Laforge Optical launched a crowdfunding campaign on Indiegogo to raise $80,000 for the testing and app development for its fashionable smart glasses called Icis.