The Chapel Hill Town Council could review the apartment building concept plan in October.
The company did not specify the amount raised in the funding round, which also included investment from growth equity firm PSG, and said it would use the money for growth and software development. "What aggregators have done for brands, we have been doing for software," co-founder and Chief Executive Officer Sandeep Kella said in a statement. Advent, which has made over 380 investments in 42 countries since establishing its private equity strategy in 1989, on Monday said it would buy a controlling stake.
Libya's eastern-based parliament said on Tuesday it had withdrawn confidence from the unity government, though it would continue to operate as a caretaker administration. The vote in the House of Representatives exemplifies the wrangling between rival factions and state bodies that has plagued U.N.-backed efforts to resolve Libya's decade-long crisis by establishing a unity government and holding national elections. In 2014, eastern and western factions split Libya in two in a civil war, with an internationally recognised government in Tripoli and a rival administration backed by the House of Representatives in the east.