Maxwell Health has closed a $22m series C round backed by the Guardian Life Insurance Company of America, Sun Life Financial and Cambia Health Solutions.
Month: March 2016
La Caixa launches $22m science seed fund
The financial services provider will look to invest in seed-stage companies developing disruptive technologies with long development time frames.
eGym works out $45m series C
Germany-based smart fitness equipment manufacturer eGym, backed by public-private partnership High-Tech Gruenderfonds (HTGF), raised $45m in a series C round yesterday led by investment firm HPE Growth Capital. The round also featured Highland Europe and other, unnamed existing shareholders. Founded in 2010, eGym provides smart gym equipment and an app that users can connect to… Continue reading eGym works out $45m series C
Moat fortifies itself with $50m
Softbank-backed Moat has raised $50m in fresh capital to support the development of a standard metric for buying and selling digital adverts.
Rombaut attacks FR Development role
Frederic Rombaut has left his head of corporate development international position at Cisco after four years to run investment and advisory firm FR Development.
Welkio opens its doors to WeWork
WeWork has acquired digital visitor sign-in system developer Welkio less than six months after it was spun out of consulting agency Hathway with $400,000.
SoftBank takes stake in Shanghai Pharma online unit
SoftBank and Shanghai Charity Foundation invested $21m in Shanghai Pharmaceutical Big Health Yunshang, formed by Shanghai Pharmaceuticals.
Kenandy gets $11.5m from funding plan
Salesforce.com and law firm Wilson Sonsini Goodrich & Rosati returned for a round that boosted the enterprise resource planning company’s overall funding to more than $55m.
Cumulus floats to $31m
HC Technologies was among the investors in consumer lender Cumulus Funding’s $6m series A round, secured alongside a $25m debt facility.
Big Deal: Le Sports shoots for $1bn
HNA Group has invested $185m in sports streaming platform Le Sports as part of a round that could end up topping $1bn, showing how online companies are helping China’s media sector rapidly grow.
Luxoft motors to Symtavision acquisition
HTGF-backed spinout Symtavision, a developer of software technology for the automotive sector, has been acquired by Luxoft for an undisclosed amount.
Fosun reacts with Molbase in series C round
Molbase, a marketplace for chemicals suppliers, has obtained series C funding from a consortium featuring Fosun-backed firm Kinzon Capital.
M-Service cashes in $28m series B
Vietnam-based fintech developer M-Service has secured $28m in a series B round led by Standard Chartered Private Equity, an investment vehicle of financial services firm Standard Chartered, according to Reuters. The round also featured investment bank Goldman Sachs, which previously supplied $5.75m in series A capital for M-Service in 2013. M-Service operates a payment platform… Continue reading M-Service cashes in $28m series B
The sky isn’t falling with Intel Capital’s review
A week on from newswire Bloomberg’s report that Intel Capital, the corporate venturing unit of the eponymous US-listed chip maker, had hired investment bank UBS to review its portfolio and potentially sell up to $1bn of assets, and some of the noise has quietened. An analysis by Global Corporate Venturing of Intel Capital’s portfolio (the… Continue reading The sky isn’t falling with Intel Capital’s review