The Target-backed mattress and bedding brand is floating at the bottom of its range, at a valuation of less than half that of its last funding round.
Month: February 2020
Verana charts course to $100m
Verana Health completed a $100m round led by existing investor GV that will help it expand its clinical database platform into new areas.
Koito kicks $50m over to Cepton
The investment enabled Koito Manufacturing to lead a series C round of undisclosed size for lidar system developer Cepton, which has now secured nearly $100m in total.
KKR salvages Cisco’s Salvagno
The private equity firm has hired GCV Powerlist mainstay Rob Salvagno, who had previously headed Cisco Investments, to co-lead its tech growth equity efforts.
Agarwala settles at $750m Andreessen Horowitz Bio Fund
Vineeta Agarwala has been confirmed as one of the general partners running the firm’s $750m Bio Fund III following nearly five years at corporate venturing unit GV.
BenchSci sits down investors to raise $22m
Existing investor Gradient Ventures invested in a series B round that almost doubled the clinical research software provider’s overall funding to $45m.
Hartanto snags MDI Ventures promotion
Aldi Adrian Hartanto has been appointed vice-president of investments to help pivot the unit’s focus to a multi-fund strategy that incorporates external LPs.
Kasisto casts in more series B cash
The Mastercard-backed customer service bot developer took its total funding past $50m with $7m from Napier Park Financial Partners.
VisasQ to visit Tokyo listing
Tokyo’s Mothers Market has approved an IPO for the business knowledge-sharing platform that would allow CyberAgent, DA Consortium and Mizuho Bank to exit.
Global Savings Group grabs fresh funding
Deutsche Telekom Capital Partners and Rocket Internet contributed to a $13.3m round that will help the deals-focused e-commerce company grow in the US.
CloudKnox clocks Dell for another $12m
Dell Technologies Capital chipped in for a $12m round that brought the cybersecurity software provider’s total funding to more than $22m.
Ambyint shows ambition in $15m series B
Equinor and General Electric-backed oil production software provider Ambyint will put the cash into hiring and product development.
ClearMetal clasps $15m
Goods tracking platform developer ClearMetal has now received $31m in total, with SAP, Prologis, PSA International and Direct ChassisLink all backing its latest round.
Accion Systems accelerates with $11m series B
Boeing HorizonX Ventures returned to co-lead an $11m series B round for Accion, doubling the propulsion systems developer’s overall equity financing.