Having emerged from the Merck Serono Entrepreneur Partnership Program (EPP) in 2015, Prexton Therapeutics raised a total $41m of funding before it was acquired by pharmaceutical firm Lundbeck for an estimated $1.1bn last year.
Month: January 2019
Sub-$50m Investment of the Year: Maana
Maana recently won GCV’s inaugural award for energy-tech corporate venture capital (CVC) investment of the year, presented during its Venture Houston conference in November. Now, Maana has gone one-stage further and won the Sub-$50m Investment of the Year award across all industries.
New Entrant of the Year: Severstal Ventures
In May last year, Severstal announced the launch of Severstal Ventures – a corporate venture fund that would invest directly as well as through other funds in advanced materials and associated technologies, in Russia and abroad.
Fund of the Year: Swisscom Digital Transformation Fund
Launched in July last year, Swisscom Digital Transformation Fund is Swisscom Ventures’ first investment vehicle that is open to third-party institutional investors.
Unit of the Year: Salesforce Ventures
Among the many news released by Salesforce Ventures last year, the unit announced in early December two new $100m funds in Canada and Japan, both aiming to boost startup innovation that is part of the global Salesforce ecosystem.
Large Investment of the Year: Lyft
Having significantly increased its market share in the US in recent years, on-demand transportation company Lyft recently appointed JP Morgan to lead its planned initial public offering (IPO) with an estimated valuation of $15.1bn.
Mid-sized Investment of the Year: Katerra
Currently valued at over $3bn, Katerra, which aims to revolutionise the construction sector with its technology, is said to be the most well-funded construction tech startup.
Molex breaches Windgap in latest funding round
Shepherd Kaplan Krochuck and Molex Ventures have helped the epinephrine pen developer raise $12.1m of a funding round expected to close at $39m.
Singtel Innov8 helps Cato link to $55m
Singapore Telecommunications’ CVC unit, Singtel Innov8 reinvested in a round that took enterprise network developer Cato Networks’ total funding to $105m.
Clover Health looks to prosper with $500m
Greenoaks Capital has led a $500m funding round for Clover Health, a health insurance provider that last raised cash in a $130m GV-backed round in 2017.
Collibra collates $100m series E
The CapitalG-led round valued the data governance software producer at more than $1bn and increased its total funding to $233m.
Forge heats up series B to $85m
Munich Re is leading a series B round for the pre-IPO share trading platform that now stands at $85m following the close of a $35m second tranche.
Stripe proves ripe for another $100m
The Alphabet, Visa and American Express-backed payment and business management tool provider has added $100m from existing investor Tiger Global at a $22.5bn valuation.
Yellow Door opens to let in $65m
Mitsui and Equinor Energy Ventures were among the participants in a series A round that will help fund the development of 300 MW of distributed solar energy systems.