Dollar Shave Club, which last raised funding in a Comcast Ventures-backed round that valued it at $615m, is to be acquired by Unilever for a reported $1bn in cash.
Month: July 2016
Reflexion shows $52m for series B round
Johnson & Johnson invested $6m to help radiotherapy equipment developer Reflexion Medical close out its Pfizer-backed series B round at $52m.
Celgene chimes in for $57m Oncorus series A
Celgene has supported a funding round for Oncorus, an immuno-oncology treatment developer that is focusing on brain cancer.
Bloomberg Beta doubles capital to $150m with second fund
The Bloomberg-sponsored VC firm has closed its second $75m fund, three years after its first, and will continue to target startups focusing on the future of work.
Tencent joins Pinduoduo’s investor group in $110m round
Pinduoduo, a startup operating an online group buying platform, has raised series B funding, after growing its service using Tencent’s WeChat app.
DuPont collects Taxon Biosciences
BP, ConocoPhillips and LeFrak all exited microbiome product developer Taxon Biosciences in an acquisition by DuPont.
Infosys puts $15m into Dreamworks spinout
Infosys, which boosted its Innovation Fund to $500m last month, has invested in a Dreamworks Animation spinout, with firm details still to be released.
Precision Ocular adjusts series A to $20.6m
Hovione Scientia and Consort Medical both contributed capital as Precision Cocular extended a series A round that will fund its pipeline of retinal disease treatments.
Luxembourg seeds digital economy
The government of Luxembourg has launched a seed fund with the support of the private sector to support domestic startups in the digital economy.
Telkom Indonesia leads $10m aCommerce round
The e-commerce services provider has added the telecom group to a range of backers including Sinar Mas, Sumitomo, Asia Pacific Digital, NTT Docomo and CyberAgent.
Cisco reaches GuardiCore in $20m series B
Data centre security software provider GuardiCore has now raised a total of $33m since 2013 and secured Cisco Investments as an investor.
Protean Electric wheels in $70m
The in-wheel electric motor developer has welcomed Tianjin THSG Corporation and new strategic partner VIE Science & Technology as backers, and will now scale up its manufacturing.
CMR receives $20m funding incision
ABB has contributed to a series A round for Cambridge Medical Robotics, a startup working on robot-assisted keyhole surgery.
ShopClues processes Momoe acquisition
ShopClues has acquired mobile payment startup Momoe for up to $12m, providing an exit to equity holders including IDG Ventures India.