Jet.com raises $350 million

E-commerce start-up Jet.com has announced a $350-million cash infusion led by Fidelity Investments, providing money to help attract customers during its first holiday shopping season. An additional $150 million investment is expected shortly. The investment values Jet.com at $1 billion before the new funding round, according to a Bloomberg News report.

Widespace targets US market

Swedish mobile advertising start-up Widespace is seeking funding to take on Google and Facebook and carve a niche for itself in the US. An expansion to North America would require investment and resources to allow Widespace to compete with the likes of Google and Facebook, co-founder Henric Ehrenbladtold Bloomberg News.

Smartfrog scouts for funds

Smartfrog Ltd, a start-up that seeks to rival Google's cameras to make mobile home surveillance available to the masses, is in talks for a second financing round this year. With offices in Berlin, Ireland, Switzerland and China, it is in final discussion to secure funding from investors, including EVenture Capital Partners. The firm in October started offering its HD camera, mobile app and 24-hour video storage for $6.35 a month, Bloomberg News reported.

Lastminute invests in Bat

Lastminute.com group, a European firm in the online travel and leisure sector, has invested in urban mobility start-up Bat Sharing, beside extending its services with car sharing offer. It is an aggregator that allows consumers to find the best solution to reach a destination, comparing all available shared mobility providers for cars, scooters and bicycles, as well as taxis, including Uber, Lastminute.com said.

ExactEarth's stake in Myriota

ExactEarth, a subsidiary of Com Dev International, is investing Australian $2 million in Myriota Pty , for a minority stake. Myriota, which is developing a technology that uses low-orbit satellites to provide connectivity for the Internet of Things, plans to use ExactEarth's global network of micro satellites for its space segment. ExactEarth said, Myriota was aiming to demonstrate it initial applications within the next year.

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