News provider TechCrunch said the round would be led by Mind Fund (based in Hong Kong), with participation from Aria Ventures, Detroit Ventures Partners.

Unigo.com is designed to provide information for people to find, get in and pay for college and had previously partnered with McGraw-Hill to create a US high school teaching programme on college and career readiness.

This is Softbank's second investment into Lotiple, following a Krw500m investment in May of this year, according to news provider the Bell.

As well as business development, the new debt will also allow HootSuite to acquire TwapperKeeper.com.

The start-up, which seeks to reward customers who save their money, has secured seed funding.

The newly-founded app development start-up has secured seed financing from Net Capital Partners and a selection of angels.

The Intel-backed party planning website has raised an extra tranche of financing from unnamed backers.