Martlet was among the participants in a round that increased the intelligent sound recognition software developer’s total funding to $8m.
Month: January 2017
Avidity makes precision funding move to raise $16m
Precision medicine company Avidity Biosciences has received $10m in equity funding and $6m in converted debt from backers including Takeda and EMS.
Reputation.com finds Ascension to close $20m round
Care provider Ascension’s corporate venturing unit invested in Reputation.com as part of a round that boosted its total funding to about $85m since 2006.
Koubei books a place in Meiweibuyongdeng investor base
The restaurant booking platform has followed a $79m series C backed by Baidu and Dianping with a series C+ round that values it at more than $430m.
MuleSoft starts IPO journey
The integration software provider, which has raised about $260m from investors including Salesforce, Cisco and ServiceNow, has reportedly hired banks for an initial public offering.
Ascentage comes up for $72m
The Ascenta Therapeutics spinout has completed a series B round that will go to developing its pipeline of small-molecule treatments for cancer, hepatitis B and age-related diseases.
Arch backs Premia Holdings in $510m round
Insurance and reinsurance provider Arch Capital is an investor and strategic partner for Premia, a newly formed property & casualty runoff insurance company.
Better Ventures closes $21m fund
US-based venture capital firm Better Ventures has confirmed it has closed its latest fund at $21m thanks to a commitment from insurance provider Prudential’s corporate social responsibility group. The fund was closed before Christmas, though the firm only announced the news last week. The fund’s other limited partners include the Schmidt Family Foundation, Treehouse Investments… Continue reading Better Ventures closes $21m fund
DJI snaps up portfolio company Hasselblad
DJI has taken a majority stake in camera maker Hasselblad, having previously entered a strategic partnership with the company in 2015.
Big Deal: Proterra prospers with $140m
The GM Ventures, Edison Energy and Exelon-backed round will support an expansion in production of Proterra’s electric buses, as it shows EVs are still a viable target for venture funding.
Payfone calls on corporates for $23.5m
BlueCross BlueShield Venture Partners led a series E round that included existing backers American Express Ventures, Verizon Ventures and Rogers Venture Partners.
House of Fraser to commit $43m to Tandem investment
The retail chain plans to invest up to $43m in app-based bank Tandem as part of an alliance that will involve Tandem’s services being offered in its stores.
Duriana boards Carousell in acquisition deal
Beenos and iBuy have recorded exits after mobile commerce platform Duriana, which had raised more than $3m altogether, was acquired by Carousell.
Nerre transmits $28m in Novo-backed round
Existing investor Novo has taken part in a $28m round for Nerre Therapeutics, a GlaxoSmithKline spinout focusing on neuronal hypersensitivity treatments.