The pharmaceutical firm more than doubled the size of its Boehringer Ingelheim Venture Fund, which has scored exits in two nine-figure acquisitions.
Month: January 2018
Armo arcs to IPO stage
GV and Celgene-backed Armo BioSciences has filed to raise up to $86.3m in an offering that will fund clinical tests for its lead immuno-oncology candidate.
Novartis takes a slice of Pear
Novartis participated in a series B round that raised $50m for Pear Therapeutics, the creator of a software platform that assists substance abuse treatment.
Apple brings Buddybuild into the group
Corporate venturing unit Bloomberg Beta has exited app testing platform developer BuddyBuild through an acquisition of undisclosed size by Apple.
DNAnexus stores $58m in new financing
Microsoft joined a consortium including existing investors GV and WuXi NextCode to take the biomedical data platform’s overall financing to $105m.
Menlo Therapeutics eases way to IPO
The Novo and Merck-backed pruritus therapy developer has filed to raise up to $97.8m, having already secured almost $110m in VC funding.
Alibaba considers $100m Xpressbees delivery
Alibaba is reportedly in the final stages of talks for an investment of up to $100m in e-commerce logistics provider Xpressbees.
Solid Bio to sound out public markets
Biogen-backed Duchenne muscular dystrophy (DMD) treatment developer Solid Biosciences has filed to raise up to $100m.
Katerra begins building next funding round
The Foxconn-backed construction services provider, valued at more than $1bn as of April 2017, has raised $28.8m and could close the round at up to $200m.
Alibaba places pre-series A funds in Plex-VR
Plex-VR Digital Technology, which is applying light field and AI technology to virtual and augmented reality, has secured $15.4m.
Qualcomm Ventures illustrates Indian strategy
Qualcomm’s corporate venturing arm has spent a third of its $150m India fund and plans to make six investments in the country per year.
NEC and TAU to welcome startups to class
NEC and Tel Aviv University have established an incubator called AlphaC in order to support cyber technology developers.
Delish Kitchen cooks up new funding
Itochu and corporate venturing units GMO Venture Partners and Ad Hack Ventures were among the investors as the recipe video platform raised $18.4m.
Fuyoukache gets $23m funding delivery
Trucking logistics platform Fuyoukache took its total funding to $83m with a JD Logistics-led round that featured existing backers including GLP.