Venturing in the services sector was on a roll last year, as
the intermediaries that help the business world function
capitalised on their strong relationships.
Care.com, a USAA-backed marketplace for housekeeping and care services, raised $91m in its IPO, with a capitalisation of $723m.
The Microsoft Ventures Accelerator in Beijing China has selected the 19 start-ups that will participate in the fourth Beijing Accelerator class taking place in January. Accelerator Participants receive an average $250,000 worth of resources.
Defence contractor Northrop Grumman to partner with Johns Hopkins University, BioHealth Innovation, and DreamIt Ventures on startups.
Business activity platform Virtual Hall has closed an A round of funding led by Legend Capital.
Restaurant finder- app Retty, backed by CyberAgent and Gree, has raised $3.2m in a series B round of funding led by Itochu Ventures.
Shake, a mobile app that allows you to sign, create and send legal contracts across the phone has raised $3m in series A funding led by Softbank Capital.
Ingram Micro aims to accelerate growth into $40 billion market for e-commerce fulfillment services, through acquisition of Shipwire, a logistics services company backed by eBay and Newell Rubbermaid.
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