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Latest deals...
 
India-based mobile-based news application developer NewsHunt raises INR 1,000 million in funding led by Sequoia Capital
22-September-2014 | Mobile Media & Applications | Investments
India-based mobile-based news application developer Ver Se Innovation Pvt. Ltd. (NewsHunt) raised INR 1,000 million in series B funding round from Sequoia Capital led group of investors. The current funding round also includes participation from Matrix Partners India and Omidyar Network. The company plans to utilize the proceeds from the current funding round to further expand its mobile offerings, scale up its research and development activities as well as to enhance sales and marketing initiatives. Founded in 2009 and led Virendra Gupta (CEO), NewsHunt is a mobile-based application that allows users to read news, eBooks, magazines and related content in 12 languages. The company currently offers its application for iOS, Android, Windows and Blackberry platform.
For more details...
US-based private equity firm Otter Media acquires majority stake in US-based YouTube multichannel network Fullscreen Inc.
22-September-2014 | Online and mobile advertising | M&A
US-based private equity firm Otter Media acquired majority stake in US-based YouTube multichannel network Fullscreen Inc. Post-acquisition, George Strompolos (CEO, Fullscreen) will continue to operate Fullscreen as CEO and will retain material stake in Fullscreen while Fullscreen`s entire management team will continue to remain with Fullscreen in their current position. As part of the deal, WPP will remain strategic shareholder in Fullscreen. The deal enables Otter to expand its portfolio of video services. The deal allows Fullscreen to broaden its portfolio of production services and add products, grow its advertising team as well as to expand live events business by utilizing Otter`s financial and market expertise. Founded in 2011, Fullscreen is a Youtube network that provides end-to-end channel management and optimization services along with software tools, strategic consultation and services designed to attract audiences for brands and video creators.
For more details...
US-based digital healthcare company iHealth Lab Inc. raises USD 25 million in funding from Xiaomi Ventures Ltd.
22-September-2014 | Mobile Media & Applications | Investments
US-based digital healthcare company iHealth Lab Inc. raised USD 25 million in funding from China-based private equity firm Xiaomi Ventures Ltd. The company plans to utilize the proceeds from the current funding round to further enhance sales and marketing initiatives, expand business reach globally as well as to accelerate business growth strategy. In conjunction with the investment, Xiaomi Venture joined company`s board. Founded in 2010 by Stefan Wisbauer and Mark Sozonov, iHealth is a digital healthcare company that is engaged in providing mobile-based health solutions for patients to monitor, manage and track blood pressure, blood glucose, and weight.
For more details...
US-based fraud prevention solutions company Duo Security Inc. raises USD 12 million in series B funding round led by Benchmark
22-September-2014 | Online infrastructure and enabling services | Investments
US-based fraud prevention solutions company Duo Security Inc. raised USD 12 million in series B funding round led by Benchmark. The current funding round also includes participation from Google Ventures, True Ventures, and Radar Partners. The company plans to utilize the proceeds from the current funding round to further expand its engineering team as well as to enhance sales and marketing initiatives. In conjunction with the investment, Matt Cohler (General Partner, Benchmark) joined company`s board. Founded in 2010 by Dug Song (CEO) and Jon Oberheide, Duo Security provides online login security solutions that enable users to use their existing mobile devices for two-factor authentication.
For more details...
US-based media company Cross Platform Media acquires US-based radio broadcasting company Information Radio Network
22-September-2014 | Radio | M&A
US-based media company Cross Platform Media acquired US-based radio broadcasting company Information Radio Network (IRN/USA Radio Network) for an undisclosed consideration. The deal allows Cross Platform to expand its portfolio of news and entertainment content and expand its market reach. Post-acquisition, IRN will be integrated into Cross Platform`s TEN Syndication. Founded in 1985 by Marlin Maddoux, IRN is engaged in production and distribution of nationally syndicated radio programs for news, talk and Christian radio (commercial and non commercial). Led by Sam Hassell (CEO and President), Cross Platform is a media company engaged in developing and distributing news, entertainment and talk show programming for independent Christian and general market radio stations, print and digital platforms.
For more details...
Chinese mobile social networking application developer Iweju raises an undisclosed amount in Series A funding from Ceyuan Ventures
22-September-2014 | Mobile Media & Applications | Investments
China-based mobile social networking application developer Iweju raised an undisclosed amount in Series A funding from Ceyuan Ventures. The company plans to utilize the proceeds from the current round of funding to further accelerate research and development activities, expand its team as well as to improve user experience. Founded in 2013 by Jiao Yi, Iweju is engaged in developing a location-based mobile social networking application that allows users to engage in offline activities by attracting strangers based on their shared location. The application is currently available on iOS and Android platforms and has over 10 million registered users.
For more details...
Chinese online IT education platform operator Jike Xueyuan raises USD 22 million in series B funding round from SIG Asia and BlueRun Venture
22-September-2014 | Online education | Investments
China-based online IT education platform operator Jike Xueyuan raised USD 22 million in series B funding round from SIG Asia and BlueRun Ventures. The company plans to utilize the proceeds from the current round of funding to further develop its online learning platform, expand its course content as well as to extend partnerships with instructors. The company also plans to accelerate marketing initiatives to grow its user base. Led by Jin Yan (CEO), Jike Xueyuan is an online education company that is engaged in offering online video tutorials for development of IT related career skills. The platform also enables users to ask questions from instructors in a forum style comment thread.
For more details...
 
 
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