LabCentral 238 has secured $12.5m from founding sponsor Astellas, which will also provide capital for LabCentral’s existing incubator.
Month: October 2019
Boeing boards Virgin Galactic with $20m contribution
Boeing HorizonX is providing equity funding for space exploration company Virgin Galactic in connection with the latter’s proposed listing on the New York Stock Exchange.
Benlai picks up $200m series D1
Joyoung-backed online grocery platform Benlai has received $200m in a series D1 round led by SF Express-owner Mingde Holdings.
SparkCognition ignites $100m series C
Hearst Ventures joined returning investor Boeing HorizonX Ventures to increase SparkCognition’s total funding to $173m.
Aprea closes $97.8m IPO
The underwriters for Praktikertjänst-backed Aprea Therapeutics have taken up the over-allotment option in full to boost proceeds to nearly $97.8m.
RapidSOS wraps up $55m series B
Emergency response support platform RapidSOS added $25m to close a series B round that already featured CSAA and Microsoft’s M12 unit.
Swift Health receives $45m series C lift
Novo Holdings co-led a series C round for orthodontic brace technology developer Swift Health Systems, which has now raised more than $70m.
EP Map System charts $25m series A
Ajax Health has led a $25m series A round for medical device manufacturer EP Map System.
Honda picks up Drivemode
Panasonic, Mitsui Sumitomo and NEC all booked exits after Honda’s R&D unit acquired connected driving assistant technology developer Drivemode.
Group Nine Media sugarcoats PopSugar
Comcast NBCUniversal may have scored an exit at online women’s lifestyle brand PopSugar, although the firm was reported to have sold back at least some of its shares in 2009.
Davidson rejoins In-Q-Tel
After a two year stint with Allied Minds, Simon Davidson has moved back to In-Q-Tel as a managing partner.
Kogta Financial finds series C cash
Morgan Stanley Private Equity backed a $42.2m round for non-banking lender Kogta Financial, having previously taken part in a November 2018 round through its Asia fund.
Qorvo moves to buy Cavendish Kinetics
Qorvo has purchased a portfolio company, radio frequency technology developer Cavendish, in a deal that will also allow Qualcomm Ventures to exit.
Next Insurance lines up $250m from Munich Re
Munich Re provided the series C funding at a valuation exceeding $1bn to take its stake in the workplace insurance provider to approximately 27.5%.