According to TechCrunch, streaming music app SoundCloud has closed a $70 million round of debt funding from Ares Capital, Kreos Capital, and Davidson Technology. The company is also in the process of closing another $100 million. SoundCloud, launched in 2008 by Alexander Ljung and Eric
According to an SEC filing, wireless startup Unium has recently raised $3.3 million in financing from an undisclosed investor. Unium provides software-defined tactical communication solutions that enable people in mobile and zero infrastructure environments to share information securely and reliably. The company is focused on
Clean Tech startup GreenMantra Technologies completed $2.2 million from Sustainable Development Technology Canada. Based in Toronto, GreenMantra was founded in 2010 to commercialize an innovative catalytic technology. The company uses this technology platform to economically produce commercial quality waxes, greases, lubricating oils, and other fuels
Online payment giant PayPal announced last week that it has acquired working capital solution provider Swift Financial. Financial terms of the deal were not disclosed. Headquartered in Wilmington, Delaware, Swift Financial was founded in 2006 on a mission to unleash the potential of small businesses
Ola (Ani Technologies Pvt., Ltd), an Indian cab-hailing company, announced that it has raised $36 million in funding from New York-based hedge fund Tekne Capital Management. Founded and launched in December, 2010, by IIT Bombay graduates Bhavish Aggarwal and Ankit Bhati, Ola is India's most popular
Alternative energy startup PosiGen completed $5 million in financing from Stonehenge Growth Capital. PosiGen is a provider of residential renewable energy and energy efficiency solutions. The company is a third-party ownership company (TPO), which allows it to offer renewable energy systems and energy-efficiency retrofits to low-
Private aviation marketplace JetSmarter announced it has raised a new round of financing. The round was led by Clearlake Capital Group, L.P., with participation from Leucadia National Corporation and existing investors. Financial terms were not disclosed. Founded in 2012, U.S.-based JetSmarter is a technology company that
CRäKN, a cloud-based software solution for the death-care industry, announced that it has received investment from Queen City Angels (“QCA”), a group of more than 50 experienced accredited investors who provide funding, support, and guidance to early-stage growth companies in the Cincinnati area and surrounding
Private equity fund Turn/River Capital announced that it has acquired UK-based startup Huddle for an estimated $89 million. Founded in 2006, Huddle is a enterprise document collaboration company that aims to help organizations across the globe collaborate intelligently. Huddle is the top SharePoint alternative for
Cannabis point-of-sale provider Green Bits announced it has secured $2.2 million in growth financing from Casa Verde Capital and several prominent Silicon Valley entrepreneurs. Green Bits provides a retail platform built to address the needs of cannabis retailers, ensuring fully compliant retail operations with automated real-time