The cannabis and hemp testing laboratory received $22.6m from CanLab that will fund an expansion in its operations and the strengthening of its technology.
Month: September 2019
Iluvatar CoreX captures series B funding
Shanghai Electric Hongkong contributed to a round that took the AI computing product developer’s overall funding to more than $45m.
Smarter Sorting finds $17m
The granular data platform raised the money in a series A round led by strategic investor US Ecology that boosted its overall funding to more than $26m.
Rebel Foods reserves $28m
Investors including Sistema are adding to the $125m of series D funding the on-demand food provider had secured as of last month.
Corporate venturing deal net: 16-20 September 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Valendo to get a spot on Creditshelf
Creditshelf is buying business financing tool developer Valendo, which has raised an undisclosed amount from investors such as ProSiebenSat.1 Accelerator.
Maple makes bank as SE Health invests
SE Health featured in an oversubscribed round telemedicine provider Maple announced alongside an investment by Royal Bank of Canada, the deals totalling $14.5m.
Revelo rejigs series B details
Recruitment portal Revelo has announced it raised $15m from investors including Seek for its latest round, following media reports placing its size slightly higher.
Triventures gets halfway in $40m fund
Triventures, which already has several corporate backers, has raised more than half of the capital for a $40m fund it has launched with Chaim Sheba Medical Center.
Mars Finance unlocks Binance investment
Binance and Matrixport participated in a round of undisclosed size for crypto news service Mars Finance that reportedly valued it at $200m post-money.
Airbnb angles towards 2020 listing
CapitalG-backed Airbnb, valued at $31bn as of 2017, has declared it plans to list its shares next year, and looks likely to choose a direct listing.
Salesforce spends $300m on Automattic investment
The enterprise software producer paid $300m for a 10% stake in content management platform developer Automattic, five years after the company’s last funding.
Stripe stacks $250m at a $35bn valuation
General Catalyst, Sequoia Capital and Andreessen Horowitz all chipped in as Alphabet, Visa and Amex-backed Stripe took its total funding past the $1bn mark.
VIPKid talks Tencent into investing $150m
Tencent has recommitted to providing $150m for language tutoring platform VIPKid, having reportedly withdrawn from a verbal agreement to invest last month.