The online insurance platform will receive a $12.3m investment as part of a collaboration partnership with insurance holding company A-Cap.
Month: October 2017
Featurespace makes room for new capital
Worldpay took part in a $21.7m Highland Europe-led round that will support the behavioural analytics platform’s international expansion.
Rakuten helps present PremFina with $36m
Insurance financing platform PremFina has raised $36m in debt and equity in a round co-led by Rakuten Capital and Draper Esprit.
Heetch picks up funding
The ride hailing platform aims to relaunch as a chauffeur service with $11.8m in funding, following a ruling in April that declared the company an illegal taxi service.
Immatics develops $58m series E
Immatics, a Germany-based cancer immunotherapy spinout from University of Tübingen, secured $58m in a series E round yesterday that featured pharmaceutical firm Amgen. Life sciences investment firm Dievini Hopp Biotech, venture capital firm Wellington Partners, AT Impf and unnamed existing investors also participated in the round. Founded in 2000, Immatics has created an antigen discovery… Continue reading Immatics develops $58m series E
MediaTek returns Spice Digital stake for loss
Spice Mobility will pay $5.25m for the 10.8% stake in mobile services provider Spice Digital acquired by fabless semiconductor provider MediaTek in 2011 for $20m.
Money Forward pushes to $25m IPO
The Japan-based mobile accounting software provider has floated in an offering that valued it at more than $500m, giving exits to a host of corporate investors.
Palleon pals with corporates for series A
SR One, where the cancer drug developer was incubated, joined fellow corporate venturing units AbbVie Ventures, Pfizer Ventures and Takeda Ventures for a $47.6m round.
Rakuten helps deliver series B for Glovo
On-demand delivery platform Glovo has confirmed a $35.2m series B round co-led by Rakuten Capital that took its total funding to approximately $43m.
Thomas H. Lee moves into Ten-X
The private equity firm has acquired a majority stake in online property marketplace Ten-X at a $1.6bn valuation, $400m more than when CapitalG invested in 2014.
6 Dimensions seeks $450m from first fund
The firm, launched in May by WuXi Healthcare Ventures and Frontline BioVentures, is looking to raise $450m for its first US fund, according to a regulatory filing.
YourStory gets to new chapter with $6m
India-based, tech-focused online media platform YourStory has closed a $6m funding round backed by Qualcomm Ventures, the corporate venturing subsidiary of mobile semiconductor producer Qualcomm. The round was led by UC-RNT Fund, which was formed by the University of California and entrepreneur Ratan Tata, and included venture capital firm Kalaari Capital and VC fund 3one4… Continue reading YourStory gets to new chapter with $6m
Phytech harvests $11m in series B round
Internet company Tencent has led an $11m series B round for digital farming platform Phytech that included agribusiness Syngenta.
GE to anchor African healthcare fund
GE Healthcare has agreed to be the anchor investor in the $200m Rx Healthcare Fund, which will back companies that can help improve healthcare in Africa.