Rigontec, a Germany-based RNA therapeutics developer backed by pharmaceutical firm Boehringer Ingelheim, yesterday agreed to an acquisition by US-based pharmaceutical company Merck for up to €464m ($554m). Merck, through an unnamed subsidiary, will make an upfront cash payment of €115m, with the remaining €349m dependent on clinical, development, regulatory and commercial milestones. The deal is… Continue reading Merck diagnoses $554m Rigontec acquisition
Month: September 2017
Fanatics scores $1bn round
Internet and telecoms conglomerate SoftBank, through its $93bn Vision Fund, has led a $1bn funding round in US-based sports e-commerce platform Fanatics, TechCrunch reported today. The round, first rumoured a month ago, also included sports bodies National Football League (NFL) and Major League Baseball (MLB). While a valuation has not been confirmed, Reuters put the… Continue reading Fanatics scores $1bn round
Metawave makes a splash with $7m seed round
Spun out from Xerox subsidiary Parc last month, Metawave has now raised $7m in a seed round backed by several venture capital firms.
Gofro books $10m series B trip
MakeMyTrip and HIS have injected $10m into holiday marketplace Gofro.
Sunmi orders series C
Sumni, backed by multiple corporates, has raised at least $30m in a series C round from unnamed backers.
CarDekho gears up for Tencent-backed series C
CarDekho, an India-based online automotive marketplace backed by diversified conglomerate Alphabet, is looking to raise $30m to $40m in a series C round led by internet company Tencent, the Economic Times reported today. The company is also talking to China-based investors and US-based venture capital funds to back the round. CarDekho has confirmed it is… Continue reading CarDekho gears up for Tencent-backed series C
MapR outlines $56m funding round
Alphabet and Qualcomm-backed MapR Technologies is working on a big data analytics platform that aims to help companies improve business outcomes.
Lendingkart shops around for $80m series C
Sistema Asia Fund has joined existing shareholders for an initial $10.5m tranche, which is set to be followed by a final close of $50m to $80m within six months.
Entasis restructures $81.9m series B
Entasis, which previously raised $50m in a Novo and AstraZeneca-backed series B last year, has added $31.9m in series B-1 round.
23andMe examines $200m investment
The corporate-backed genetic testing company is targeting a $200m funding round led by Sequoia Capital.
Poland introduces $225m CVC fund of funds
The PFR NCBR CVC Fund of Funds will put a total of $225m into corporate venturing units set up by domestic and overseas companies to stimulate the ecosystem.
NeoTract agrees to $1.1bn acquisition
Teleflex is set to acquire Johnson & Johnson-backed NeoTract for a total of $1.1bn, with $725m to be paid upfront and the remainder dependent on certain milestones.
PayPal processes fifth incubator cohort
PayPal has named the five next fintech startups that will participate in its India-based incubator, taking a stake of undisclosed size in each one.
Yi+ reveals $15m vision
Youku Tudou-backed artificial intelligence technology producer Yi+ has received series B capital to further develop its machine vision platform.