Ascension Health and UNC Rex Healthcare have both contributed to a $35.5m round that will support the development of Bardy’s lightweight cardiac monitor.
Month: April 2019
SEB pitches stall at Fairpoint
SEB has formed a venture capital vehicle, Fairpoint Capital, to invest in B2B-focused startups out of a $97m fund with ex-SEB Venture Capital president Frederick Johansson as its head.
Sonim sounds out Nasdaq for IPO
Outdoor electronic goods producer Sonim Technologies has filed for a $57.5m initial public offering that would provide exits for Motorola Solutions and JVC Kenwood.
Lyric makes room for Airbnb in $160m round
Short-term accommodation provider Lyric has secured $160m in an Airbnb-led series B round that also featured Tishman Speyer and RXR Realty.
Londian powers up $250m round
SK Group has put $250m into electronics materials supplier Shenzhen Londian Electrics and will collaborate with the company through a joint venture.
Turning Point directs itself to $167m IPO
Eli Lilly and GSK-backed precision oncology drug developer Turning Point Therapeutics floated at the top of its range while expanding the number of shares it issued.
Globis maps out $321m for sixth fund
LPs including Sompo Japan Nipponkoa and Tokio Marine have put their weight behind Globis Capital Partners’ sixth fund, which is targeting a $335m final close.
Applied Therapeutics pushes for public markets
Alexandria Real Estate Equities-backed molecular therapy developer Applied Therapeutics is aiming for $86.3m in its initial public offering.
Cytora slides into series B round
QBE and Starr Companies-backed insurance underwriting software provider Cytora has secured $32.6m in an EQT Ventures-led round.
Vtron takes a seat at $72m education fund
Vtron Group has agreed to supply 20% of the capital for an education-focused investment vehicle formed by Tianfeng Securities that has reportedly reached a $44m first close.
Corporates affirm Affectiva interest with $26m
Aptiv and CAC Holdings joined corporate venturing units Trend Forward Capital and Motley Fool Ventures in a $26m round that almost doubled Affectiva’s funding.
Cardinal Analytx processes series B funding
Cardinal Analytx has raised $20.6m of a targeted $29.3m, adding to a 2017 series A round that included Premera Blue Cross in 2017.
Vestas blows into Sowitec
The wind turbine maker has bought just over 25% of Sowitec, in the process securing a three-year option to wholly acquire the solar and wind project developer.
Berg bids goodbye to GM Ventures
Joshua Berg has departed GM Ventures, where he had been an investment manager, to pursue new opportunities in the automotive corporate venturing space.