Quintel is a multi-band antenna solutions company that has raised $10 million in funding. This round of funding was led by Trillium International. The funding will be used for accelerating growth and scaling delivery capacity to meet its 400% year-over-year growth rate.
Julep is an online cosmetics and beauty company that has raised $30 million in Series C funding from Azure Capital, Madrona Venture Group, Altimeter Capital, Andreessen Horowitz and Maveron. Julep was founded by former former Starbucks executive Jane Park.
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Storefront has raised $7.3 million in funding led by Spark Capital. Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, Box Group, SV Angel, Gary Vaynerchuk, Nas, Tom Glocer, Vikram Pandit and Troy Carter participated in this round.
Facebook Inc (NASDAQ:FB) has been expanding from being just a social network lately. The company bought a social photo app (Instagram), a group messaging app (WhatsApp), and a virtual reality headset company (Oculus). Now Facebook is reportedly going to launch a financial service that would provide electronic money and remittance services, according to The Financial Times.
Samsung Electronics Co., Ltd. (KRX:005930) has reported that it had a successful opening weekend for the Galaxy S5, but the company did not provide any specific numbers. The S5 launched globally on April 11th in over 100 countries. Samsung Electronics said that the S5 sold better than last year’s S4 opening weekend. Samsung said that there was a high demand for the S5 in countries like India, Saudi Arabia, and France. It is especially popular in the Middle East because it is resistant to sand and dust damage.
Comcast Corporation (NASDAQ:CMCSA) has jumped six slots over the previous month in terms of the Netflix speed rankings. Now it is the number five major service provider in Netflix’s Monthly ISP Speed Index for March.
Lamudi is a real estate classifieds website that operates in 21 markets in Asia, Africa, South America, and the Middle East. Lamudi has raised $7 million in funding from several investors. The only investor name that was disclosed is Tengelmann Ventures. It is unclear whether if this $7 million funding round is a seed round or later stage financing.
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