Returning investor SMS Group took part in a $19.5m round for Omeicos that will fund the entry of its persistent atrial fibrillation drug candidate into a phase 2 trial.
Month: November 2018
Dispelix displays 3M-backed series A round
3M Ventures has participated in a $13.7m round for VTT spinout Dispelix, which is working on augmented reality display technology.
Murphy resurfaces at Amaranthine
Patrick Murphy, who headed Universal Music’s corporate venturing activities for three years, will head Web Summit’s newly formed fund, which is targeting a $50m close.
OpenText pays $310m for Liaison
Merck & Co, Accenture and UPS are all set to exit application integration and data management platform developer Liaison Technologies through the acquisition.
Hypertherm cuts to corporate venturing
The industrial cutting equipment maker has formed a unit called Hypertherm Ventures that will invest in advanced manufacturing and adjacent technologies.
Airobotics works out $30m series D
Microsoft-backed automated drone provider Airobotics took its total funding past the $100m mark with a round led by Singapore’s Pavilion Capital.
Intel Capital’s Cook leaves for Omidyar
Intel Capital’s finance director Larry Cook has departed to head operations for Omiday Network’s Financial Inclusion division.
Strategic Education devises seed fund
SEI Ventures will invest in seed-stage companies and give startups the opportunity to pilot their technologies across the privately-owned Strayer University and Capella University.
SoftBank Vision Fund backs billion-dollar View
SoftBank Vision Fund has invested $1.1bn in dynamic glass producer View, whose investors already include GE and Corning, taking its total funding past $1.8bn.
Yuanfudao studies $350m funding round
Tencent is contributing $250m to a larger funding round reportedly being raised by online education platform Yuanfudao at a valuation of $2.8bn.
Deliv gets $40m dispatch
Enterprise Holdings and Google have taken part in a series C round for last-mile delivery service Deliv alongside existing shareholders such as UPS and Macerich.
Tencent tells of 100 unicorn-strong portfolio
The corporate revealed it has backed 600 companies, more than 100 of which achieved $1bn-plus valuations, and it will now move further into industry-based deals.
The Athletic sprints to $40m series C
Comcast Ventures and existing backers The Chernin Group and Bertelsmann Digital Media Investments all took part as the sports media company raised money at a $200m valuation.
Admiral leads Compare to $35m
Parent company Admiral supplied $10m of convertible debt financing for car insurance spinoff Compare.com in a round that took its overall funding to $185m.