Stories for Mar. 26, 2014
In Brief

Startup OneRoof Energy has closed another funding round of $31.5 million, according to a filing. Launched in 2011 and based in San Diego, Calif., OneRoof teams up with roofers and electricians to sell rooftop solar systems and financing products (like leases). The company has also raised funding from Morgan Stanley, Black Coral Capital’s energy fund and Korean power company Hanwha. The market for solar panel systems is growing dramatically in the U.S.

This $31.5 million is a subset of OneRoof Energy’s recent reverse merger with Carlaw Capital IV, a Canadian capital pool company, with total proceeds of around 50 million Canadian dollars. The $31.5 million is the portion of shares purchased by U.S. investors.

Updated on March 31, 11:04 AM PST to clarify the funding.

Solar panel

Upcoming Events

In Brief

LG G Watch

The 2014 Google I/O Developer Event is set for June 25 and 26 at San Francisco’s Moscone Center. An official blog post announcing the event webpage shared details on Wednesday and there’s a big change from years past when tickets have sold out in minutes. This year, Google will open registration between April 8 and 10, later choosing attendees randomly. While Android and Chrome often share the spotlight, this year’s Google I/O should provide more information about Android Wear, the company’s platform for smartwatches. LG’s G Watch is expected to debut in the second quarter, perhaps setting the stage for an I/O appearance.

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In Brief

Last.fm, the CBS-owned digital music outlet, will close down its streaming radio product by the end of April (hat tip to Engadget). Last.fm announced in its forums Tuesday that it wants to concentrate on “scrobbling”, meaning music recognition and recommendation, going forward, and that it will rely on YouTube and Spotify for its music player. The move was widely expected after Last.fm rolled out a YouTube-based radio player in January.

In Brief

A Seattle-based startup called Indix has raised an $8.5 million series A-1 round of venture capital for its service that keeps a real-time index of the products available across the world of online retail. Avalon Ventures and Nexus Venture Partners led the round, which brings Indix’s total funding to $14.4 million. The company’s service targets retail-industry users that want to keep track of trends and the competitive landscape, including who’s selling what and for how much.

In Brief

Remember the time De La Soul offered all of its albums as free downloads — only to see the server hosting those downloads go down under the load of excited fans? That won’t happen with the pioneering Hip Hop group’s new digital project: De La Soul has teamed up with BitTorrent to release a new mixtape called Smell the DA.I.S.Y. as a free BitTorrent bundle download. The release is in support of the J Dilla Foundation, which supports music programs in inner-city schools.

In Brief

Good news for Turkish Twitter users: an Ankara court has ordered the lifting of a blockade on the social network, according to local reports. The ban, which drew international condemnation, came in 6 days ago as Turkey’s administration tried to put the lid on a growing corruption scandal. Citizens were able to bypass it fairly easily at first, but new forms of blocks made access very difficult. According to Wednesday’s reports, the telecoms regulator that instituted the blocks may appeal the ruling, but access will need to be restored in the interim, making this a “stay of execution”.

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