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Latest deals...
 
Finland-based mobile messaging applications developer Jongla Oy raises EUR 3.4 million from a group of investors
30-October-2014 | Mobile Media & Applications | Investments
Finland-based mobile messaging applications developer Jongla Oy raised EUR 3.4 million in funding from a group of investors. The current funding round includes participation from JSH Capital Oy, Ingman Finance Oy, Kontino Invest Oy and Holdington Ltd. Oy. The company plans to utilize the proceeds from the current funding round for technology enhancement as well as for accelerating business growth strategy. The current transaction brings total funding raised by the company till date to EUR 7.3 million. Founded in 2009 by Arto Boman and led by Riku Salminen (CEO), Jongla provides a free instant cross-platform mobile instant messaging services for the youth market.
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US online crowdsourced design and online retailing platform operator Minted raises USD 38 million in series D funding led by Norwest Venture
30-October-2014 | Online retailing | Investments
US-based online crowdsourced design and online retailing platform operator Minted LLC raised USD 38 million in series D funding round led by Norwest Venture Partners. The current round of investment also received participation from Technology Crossover Ventures. The company plans to utilize the proceeds from the current round of investment to further develop its platform, expand its network of graphic designers and artists as well as to grow its user base. In conjunction with the investment, Toby Lenk joined Minted`s board of directors. Founded in 2007 by Mariam Naficy (CEO), Minted operates an online community of graphic designers and sales platform, Minted.com that prints and sells designs in the form of holiday cards, wedding invitations, notebooks and calendars. The company previously raised USD 41 million in series C funding led by Technology Crossover Ventures.
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US-based cyber security firm Krimmeni Technologies Inc. raises USD 11.7 million in funding from a group of investors
29-October-2014 | Online infrastructure and enabling services | Investments
US-based cyber security firm Krimmeni Technologies Inc. raised USD 11.7 million in funding from a group of investors. The current funding round includes participation from Third Point Ventures and Pelion Venture Partners. The company plans to utilize the proceeds from the current funding round to further scale up its research and development activities, enhance its sales and marketing initiatives as well as to accelerate product development. In conjunction with the funding, Robert Schwartz (Managing Partner, Third Point Ventures) and Carl Ledbetter (Managing Director, Pelion Venture) joined company`s board. Founded in 2007 by William Oxford and David Lundgren (CEO), Krimmeni Technologies is a cyber security firm that is engaged in offering data security systems for device manufacturers and content providers.
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Israel-based test automation solution company QualiSystems raises USD 8 million in funding from a group of investors
29-October-2014 | Enterprise Software & Services | Investments
Israel-based test automation solution company QualiSystems Ltd. raised USD 8 million in funding from a group of investors. The current funding round includes participation from Evergreen Venture Partners, Gemini Israel Funds and Fishman Investments. The company plans to utilize the proceeds from the current funding round to further broaden its customer base, build new partnerships as well as to accelerate business growth strategy. Founded in 2004 and led by Lior Koriat (CEO), QualiSystems is engaged in offering TestShell, a software for lab management and test automation and CloudShell, an automation platform that allows infrastructure teams to build sustainable process for architecting and publishing.
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US marketing automation platform operator Zift acquires US marketing automation software company Marketing Advocate
29-October-2014 | Enterprise Software & Services | M&A
US-based marketing automation platform operator Zift Solutions Inc. acquired US-based marketing automation software company Marketing Advocate LLC for an undisclosed consideration. The acquisition allows Zift to extend its capabilities in marketing automation as well as provides the company with an extended client base and strengthened market presence. Post-acquisition, Marketing Advocate`s brand as well as its entire team will be integrated into Zift. Founded in 2005 by Gary Morris and led by Michael Roseman (CEO), Marketing Advocate develops marketing automation software that allows users to design successful campaigns, manage implementation and measure campaign results. Founded in 2006 and led by Ken Romley (CEO), Zift Solutions operates an enterprise marketing automation platform that allows channel marketers to increase sales by enabling them to create and execute better marketing campaigns.
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India-based online gadget research portal operator 91mobiles raises USD 1 million in funding led by led by India Quotient
29-October-2014 | Consumer Software & Services | Investments
India-based online gadget research portal operator 91digital Web Pvt. Ltd. (91mobiles) raised USD 1 million in funding led by led by India Quotient. The current funding round also includes participation from Umang Kumar (former CEO, Gaadi.com) and Krishna Motukuri (former CEO, Tradus.com). The company plans to utilize the proceeds from the current funding round to further grow its team, expand its mobile sites, create content and research tools as well as to launch an Android application. Founded in 2010 by Bharani Viswanathan (CEO) and Nitin Mathur, 91mobiles allows users to search and compare mobile, laptops, and tablets as per their preference. The company also provides news and reviews related to mobile, laptops, and tablets.
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Canadian mobile social messaging application developer Bitstrips raises USD 8 million in series B funding round from a group of investors
29-October-2014 | Mobile Media & Applications | Investments
Canada-based mobile social messaging application developer Bitstrips Inc. raised USD 8 million in series B funding round from a group of investors. The current funding round includes participation from Kleiner Perkins Caufield & Byers and Horizons Ventures. The company plans to utilize the proceeds from the current funding round to enhance its sales and marketing initiatives as well as to accelerate business growth strategy. Alongside, the company launched its new mobile-based application, Bitmoji. Founded in 2007 by Jacob Blackstock (CEO), Bitstrips offers a mobile application that allows users to design and create an avatar to use in group messaging. The application is currently available for Android, IOS and Kindle devices.
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