Flash sales site Fab.com racks up $40M, now at 1.2M members

Fab.com, the flash sales site for design-oriented products, is seeing its pivot pay off in a big way.

The company, which initially started out as Fabulis, a social network for gay men, announced yesterday that it has raised $40 million …

Alibaba Group seeks $4B financing to buy back Yahoo’s stake of the company

China-based e-commerce giant Alibaba Group is apparently seeking $4 billion in debt financing to buy the 40 percent stake in Alibaba currently owned by iconic web company Yahoo.

The news was revealed after Alibaba’s debt adviser Rothschild sent out term …

Edmodo wants to be the cloud leader in EdTech, raises $15M more

Education technology is a red-hot market, and both startups and investors are taking note.

Edmodo, a social network for education, stands poised to benefit tremendously from the great shifts taking place in educational delivery. The company announced today that it …

LivingSocial closes $176 million round. How far off is an IPO?

Daily deals site LivingSocial has closed a monster $176 million round of financing, according to documents filed with the Securities and Exchange Commission today. VentureBeat has learned that the $176 million is the first tranche of  $400 million the company …

Sean Parker invests in online concert startup StageIt

As if his involvement with Napster and Spotify wasn’t enough to shake up the music industry, Sean Parker has now also invested in music startup StageIt, according to a BusinessInsider report.

StageIt is basically an online platform for live concerts. …

Makers of Android keyboard SwiftKey get $2.4M for language technology

TouchType Ltd., which makes a clever keyboard app for Android phones, is on the verge of expansion.

The London-based company raised a $2.4 million round of funding led by Octopus Investments, it announced today.

TouchType’s app, SwiftKey X, replaces the …

Twilio is going international, has $17M to spend on souvenirs (and new hires)

Cloud-based phone service provider Twilio is ready to get some new stamps on its passport. The company is rapidly expanding internationally as it takes on a $17 million third round of funding, led by Bessemer Venture Partners and Union Square …

Luxury deals site MarkaVIP pries open the door for Arab e-commerce

The frontiers of e-commerce are wide open, and the countries of the Arab world could be the next online consumer hotspot.

Luxury deals site MarkaVIP is focused on expanding e-commerce into Arab countries, and its growth has been steady and …

Google to add local deals to Google+ mobile check-ins (updated)

Update: A Google spokesperson confirmed to VentureBeat that location-based deals will be coming to Google+ next week:

“While prepping for a test of a new check-in offer feature, we published a support center article a little early and have since 

Zink turns ink crystals into cash with a new $35M round of funding

Zink‘s cool inkless-printer technology breathes air into a product that has caused many consumers pain with the constant changing, recycling and buying of expensive ink cartridges. Today, Zink announced a $35 million second round of funding, led by Genii Capital. …

SuccessFactors just can’t stop acquiring, even while it’s being acquired

Even while the big fish is swallowing it, the medium fish is still gobbling up an even smaller fish.

Just four days after the news broke that German enterprise software giant SAP is buying SuccessFactors, SuccessFactors has a little acquisition …

Struggling Clearwire plans to raise $595M in stock sales

In yet another step away from bankruptcy, wholesale wireless provider Clearwire announced yesterday that it plans to raise $595 million via two sales of common stock.

The news comes on the heels of Sprint’s massive $1.6 billion deal with the …

Tribogenics closes $2.5M for miniature x-ray devices

Tribogenics has raised a new $2.5 million round of funding to commercialize its low-cost x-ray technology, the startup announced today.

The x-ray technology, created by scientists at UCLA, enables low-cost x-rays on a variety of platforms, including scientific instruments and …

HP acquires web-to-print company Hiflex to bolster its cloud imaging solutions

HP has acquired German print and cloud solutions company Hiflex for an undisclosed sum, the company announced today.

The buy isn’t too surprising if you’ve been paying attention to new HP CEO Meg Whitman’s comments over the past month. In …

GainSpan nabs $18M from Intel, NVP, Sigma, Opus to develop next-gen Wi-Fi chips

Chip developer GainSpan has raised a new $18 million round of funding to help the company create the next generation of ultra-low-power Wi-Fi chips.

GainSpan’s goal is to create incredibly low-power Wi-Fi modules and drivers that are suitable for all …

GitHub acquires Ordered List, adopts its pretty product lineup

Code host GitHub has acquired dev shop Ordered List, hired all its employees and adopted the company’s entire product line as its own.

It’s just a love-fest out there today, people.

And given the developer-focused products Ordered List makes (and …

Siemens amps up its smart grid bid with eMeter startup acquisition

German electronics giant Siemens has just bought eMeter, a San Mateo-based startup focusing on smart grid technologies for utilities such as power and water.

eMeter, which is led by Veritas CEO and former Oracle executive Gary Bloom, gathers information from …

Updated: Gowalla CEO tells staff Facebook deal is in “holding pattern”

Update: Soon after this posted, Gowalla announced it is, indeed, being bought by Facebook in a blog post by chief executive Josh Williams. You can find the announcement here.

Location-based social network Gowalla‘s chief executive Josh Williams may not …

Mobile banking pioneer mFoundry nabs $18M from MasterCard, Intel Capital and others

You could say that mFoundry was totally into mobile payments before it was cool. Now the company is reaping the rewards of being an early adopter, announcing today that it has received $18 million in growth-capital funding led by MasterCard, …

uTest grabs $17M from QuestMark, others to expand its crowdsourced testing biz

Crowdsourced app-testing startup uTest has raised $17 million in its fourth round of funding.

uTest commands a community of more than 45,000 professional testers from 180 countries and helps companies like Google, Microsoft and Intuit extensively test software applications in …