Financial

Ruckus claims that nearly 60% of its revenues comes from telecommunications carriers such as Deutsche Telekom, demonstrating the strong business model of turning your financial backers into paying customers.

The provider of IT and data centres for outsourcing was backed by listed financial investor MCG Capital Corporation and venture firm Signal Peak Ventures.

ING was joined backing the Belgium-based data management software company by venture firm Plug and Play Ventures and angels.

Mergent, a US-based provider of business and financial data on listed companies backed by investment bank Goldman Sachs, has sold its dividend index business to stock exchange provider Nasdaq OMX Group for an undisclosed amount.

Question of whether senior management can invest counter-cyclically and stay the course if the investment thesis remains true even if economic conditions turn sour.

FundersClub selects start-ups and then lets its members, who have an annual salary of more than $200,000 or net worth of over $1m, invest online.

Alongside Google Ventures in the round were venture capital firms Kleiner Perkins, Andreessen Horowitz, Thomvest Ventures, Kapor Capital, Bronze Investments, Founders CoOp and Data Collective, DST-backed Startfund and angel investors