Merck-backed nerve stimulation device producer ElectroCore has raised new funding, according to a securities filing that shows the company is seeking a $65m close.
Month: September 2017
Orion Labs translates interest into funding
The voice communication and translation platform has raised $18.3m in new capital from investors including returning backer Motorola Solutions.
NS1 nets another $20m
Salesforce Ventures, Telstra Ventures and Deutsche Telekom Capital Partners all contributed to a round that took NS1’s total funding to more than $45m.
BigBasket to carry in $200m
Paytm Mall is reportedly lining up a $200m investment in the e-grocer at an $800m post-money valuation that could include Alibaba.
ZhongAn gets approval for $1bn IPO policy
The Tencent, Alibaba and Ping An-backed online insurance provider has secured approval to float in Hong Kong, two years after raising cash at an $8bn valuation.
Corporate venturing deal net: 4 – 8 September 2017
US-based sustainable cold chain packaging producer Vericool has closed a $5m series A round led by packaging company BillerudKorsnäs’ investment division BillerudKorsnäs Venture. The funding will be used to expand the company’s capacity as it faces increasing demand from meal delivery services and the life sciences industries. Vericool’s packaging is recyclable and compostable, as opposed… Continue reading Corporate venturing deal net: 4 – 8 September 2017
Amal develops $9.6m series B
University of Geneva spinout Amal Therapeutics has added $9.6m to its coffers following a series B round backed by Boehringer Ingelheim and Helsinn.
VizEat wines and dines EatWith
EatWith, backed by TripAdvisor, has been acquired by VizEat for an undisclosed amount.
Wing.ae boards Souq
Souq, itself acquired by Amazon two months ago, has purchased its portfolio business Wing.ae.
Madsack hails CleverShuttle
Daimler and Deutsche Bahn have celebrated an exit as Madsack Mediengruppe acquired CleverShuttle.
NewLeaf Symbiotics harvests $30m series C
Monsanto Growth Ventures had co-led a $24m first tranche in July 2017 for the agricultural product developer.
Ninja Van approaches $60m series C
Yahoo Japan-backed Ninja Van is reportedly seeking at least $60m in a series C round supported by existing investors such as Abraaj Group.
Innoviz appears on corporates’ radar
Israel-based autonomous vehicle technology developer Innoviz has raised $65m in a series B round backed by automotive components manufacturers Magna International and Delphi Automotive, TechCrunch wrote yesterday. Car retailer Delek Motors, internet company Naver and Vertex Ventures, the VC arm of Singapore state-owned investment firm Temasek, as well as 360 Capital Partners, Glory Ventures, Magma… Continue reading Innoviz appears on corporates’ radar
Gritstone advances to $92.7m series B
US-based immunotherapy developer Gritstone Oncology closed a $92.7m series B round yesterday led by Lilly Asia Ventures, the regional corporate venturing subsidiary of pharmaceutical firm Eli Lilly. GV, the early-stage investment arm of diversified conglomerate Alphabet, Trinitas Capital, Alexandria Venture Investments, Versant Ventures, Column Group, Clarus Funds and Frazier Healthcare Partners also participated in the… Continue reading Gritstone advances to $92.7m series B