Santander has put a total of $450m into Ebury in a primary and secondary transaction, acquiring a 50.1% stake in the business but maintaining its independence going forward.
Month: November 2019
Akeso Biopharma accepts $150m series D
Sino Biopharmaceutical has co-led the series D round together with Loyal Valley Capital, while K. Wah Group also contributed.
PathAI completes $75m series B journey
Merck Global Health Innovation Fund and Bristol-Myers Squibb have provided the final tranche for PathAI’s $75m series B round, adding to an earlier commitment from LabCorp.
Codemao deciphers $57m series C
Southern Publishing and Media and Cheetah Mobile have contributed to a $57m series C round for edtech developer Codemao.
Deserve warrants $50m investment
Goldman Sachs has led a $50m round for credit card provider Deserve, while existing shareholders including Sallie Mae also contributed.
Volterra bolts out of stealth with $50m
Microsoft, Itochu and Samsung have invested in Volterra, which has emerged with $50m in funding after two years of developing its distributed cloud services technology in stealth.
Jask joins Sumo Logic
Sumo Logic has purchased Dell-backed cybersecurity platform provider Jask Labs for an unspecified sum.
Wu leaves GE Ventures as healthcare assets sold
Marianne Wu, president of GE Ventures, has left the corporate venturing unit as the US-listed industrial conglomerate has agreed to sell 16 healthcare portfolio companies to an affiliate of Leerink Revelation Partners. Wu was unavailable to comment but for her GCV Rising Stars 2017 award ahead of being promoted to president, she was described by… Continue reading Wu leaves GE Ventures as healthcare assets sold
TKH Group finds FocalSpec for acquisition
TKH Group has picked up Veritas Pension Insurance-backed FocalSpec to enhance its portfolio of precision quality control sensors.
Ehang to attach itself to public markets
SIG-backed drone manufacturer Ehang has filed for an initial public offering in the US with a $100m placeholder figure, with previous reports suggesting an up-to $500m target.
Daikin designates $100m as CVC fund
Daikin Industries has allocated $100m to a corporate venturing fund that will back startups internationally over a five-year period.
B8ta’s series C retails for $50m
Macy’s has returned for a $50m series C round for B8ta, which is gearing up to add a fashion and lifestyle offering to its retail services.
Geltor to apply for $100m
Geltor, backed by Archer Daniels Midland and Wilbur-Ellis, is seeking between $50m and $100m in a series B round to scale its collagen manufacturing capabilities.
Smartworks figures out $25m series A
Keppel Land has provided $25m in series A financing to Smartworks as the co-working spaces provider plans to strengthen its position in existing markets and enter new locations.