The Iniciativa Women Entrepreneurship scheme consists of $10.4m fund WE Ventures and a smaller development-stage vehicle called WE Impact.
Month: March 2020
Greensill saves up to acquire Earnd
The wages advance service has been acquired by working capital financing supplier Greensill after raising $2.5m from investors including NAB in early 2019.
IdeaSpace initiates Opportunity Fund
First Pacific-backed accelerator IdeaSpace’s Opportunity Fund will back pre-series A rounds for its portfolio companies.
Telefónica takes capital to Redpoint eVentures
Brazil-based venture capital partnership Redpoint eVentures has secured an undisclosed amount of capital from Telefónica Innovation Ventures.
Hilti picks up Concrete Sensors
Cemex Ventures has exited concrete analysis technology developer Concrete Sensors having participated in a $2.9m round less than two years ago.
Drink up for those with an investing edge
Nasdaq-listed soft drinks maker PepsiCo’s agreement to buy US peer Rockstar Energy Drinks for $3.85bn would normally go down in the cannon of tales about how you can make it big without venture capital given founder Russell Weiner owned 85% of the company and his mother and chief financial officer the remainder.
Cisco sweeps up Modcam
Robert Bosch Venture Capital has exited Modcam after investing $600,000 in the computer vision sensor developer in 2015.
Cloudbeds downs Recruit for $82m round
Recruit was among the participants as the hospitality software producer raised funding that will go to technology development.
Lyra Health fires up $75m series C
Mental health services provider Lyra Health, whose earlier investors include Providence Health and Services and Castlight Health, has amassed $75m in its latest round.
ShopBack shows off $75m
Online rewards platform developer ShopBack added $30m on to a Rakuten-backed round that will support the strengthening of its technology.
GenFleet generates series B funding
Existing investor Sinopharm Capital came back for a $57.7m round that will support the progression of the small-molecule drug developer’s pipeline.
Arctic Wolf packs in $60m
Blue Cloud Ventures and Stereo Capital co-led a series D round for the Sonae-backed cybersecurity services provider, pushing its total funding past the $150m mark.
Blackstone reaches HealthEdge for majority investment
Blackstone is paying an undisclosed amount for a majority share in the health plan management software provider, which raised $34m from Medica in 2017.
Electric recharges series B round
VC fund 01 Advisors chipped in $14.5m to extend the corporate-backed IT management software provider’s latest round to $39.5m.