Nestlé Health Science, a subsidiary of food and nutrition product maker Nestlé, agreed yesterday to acquire UK-based medical device producer Phagenesis, allowing Nestlé-backed venture firm Inventages Venture Capital to exit. The purchase price was not disclosed but a person familiar with the acquisition told the Wall Street Journal medical device companies of a similar size… Continue reading Nestlé to swallow portfolio company Phagenesis
Month: September 2016
DraftKings treasury expands with $153m in funding
The daily fantasy sports platform, which counts Fox Sports and sports leagues MLB, NHL and MLS as investors, raised the money in a down round led by Revolution Growth.
Jumio verifies $15m investment
The digital identity verification service, backed by Citi and acquired by Centana Growth Partners in May following a bankruptcy filing, has raised $15m in funding.
BBoxx packages $20m series C
Engie has reinvested in solar energy platform BBoxx, expanding the off-grid solar energy provider’s total funding to $40m as it prepares to expand in Africa.
Sanhua helms $23m Yitu8 series B
Private car hailing service Yitu8 followed its March seed funding with a round led by refrigeration and air conditioning component maker Sanhua Holdings.
Reliance pledges $750m for digital startup funding
The firm’s Jio Digital India Startup Fund is being launched in conjunction with its forthcoming 4G network, and the money is set to be invested in the next five years.
Mitsubishi UFJ’s Fintech Accelerator demos five
Xenodata, the developer of a financial data platform, won the $19,000 first prize at the demo day with stock trading platform Alpaca DB taking second.
CBT thinks positively with series A round
Crown Bioscience spinout CBT Pharmaceuticals has raised $9.75m and will put the proceeds toward advancing two cancer treatments into human clinical trials.
Petco helps feed $10m to Petnet
Petnet has raised series A funding from investors including pet product retailer Petco, which will now carry the company’s personalised pet feeding technology in its stores.
HappyFresh bags up additional funding
Sinar Mas Digital Ventures returned for a funding round larger than the $12m series A closed by the Southeast Asian grocery service a year ago.
ASR makes Social Impact in $45m fund
Netherlands impact investor Social Impact Ventures has closed its first fund at $45m, with insurer ASR providing $5.6m and ASN Bank $3.3m.
Debiopharm produces GenePoc investment
Debiopharm has committed an eight-figure sum to recently acquired subsidiary GenePoc and has also agreed to set up a new production line.
Rev1 fires up $22m Ohio fund
The fund’s LPs include Nationwide, Cardinal Health, Worthington Industries, Crane Group, AEP Ohio, Dispatch Printing Company, State Auto Insurance and IGS Energy.
Velocity feasts on series B cash
John Paul is among the investors in a $22.5m round for Velocity, which operates a booking platform for high-end dining experiences, adding to a $16m round last year.