Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Month: July 2019
Dentolo checks into Zurich
Dental care network Dentolo has been picked up by insurance firm Zurich roughly two years after raising $3.5m from investors including Axel Springer Plug and Play Accelerator.
FlixMobility books $561m series F
FlixMobility has raised a reported $561m in series F funding co-led by TCV and Permira, securing capital for the first time since a Daimler-backed round in 2016.
Medicxi prescribes $450m fund
Novartis, Johnson & Johnson, Verily and GSK have all returned for Medicxi’s latest fund that brought the firm’s total assets under management to more than $1bn.
ZhongAn rakes in $285m funding round
ZhongAn invested $145m into its fintech-focused unit as part of a $285m funding round that also featured Sinolink Worldwide.
Sierra calls in corporates for $215m fund
Venture capital firm Sierra Ventures has received LP commitments from several undisclosed corporates to reach a $215m close.
Kronos cracks $105m series A
GV contributed to a round for MIT-founded small molecule cancer drug spinout Kronos Bio, adding to $18m raised by the latter 14 months ago.
Phressia engages with public markets
Phreesia has raised more than $167m in proceeds after pricing shares above its range at $18, providing exits to BlueCross BlueShield, Ascension Health and Echo Health Ventures.
Mirum processes $75m IPO
Mirum Pharmaceuticals has raised $75m in its initial public offering that had an initial target of $86.3m and provided exits to Novo and Shire.
Fulcrum fulfils IPO dream
GlaxoSmithKline, Sanofi and 6 Dimensions Capital have all secured exits as the rare disease treatment developer raised $72m in its initial public offering.
VMware agrees Bitfusion acquisition
VMware is set to buy the artificial intelligence-focused infrastructure software provider in a deal of undisclosed size that will see Samsung exit.
Arabesque S-Ray reels in $20m series A
Allianz, Commerzbank, Deutsche Bank and the state of Hessen have partnered the ESG motioning service through a $20m series A round.
Banco ABC Brasil begets Begotti appointment
Pedro Begotti, who was mostly recently responsible for Banco do Brasil’s corporate venturing initiatives, has become head of innovation and corporate venture at Banco ABC Brasil.
New Radiomedicine brings in BTF for series B
BTG’s International Asia unit contributed $11m to $16.8m series B round, taking a 10% stake in the medical isotopes developer.