As the snows start melting near the Arctic circle with the spring thaw on its way so there has also been a warming in investor attention to the local entrepreneurs.
Month: March 2020
Equinix folds up $335m Packet acquisition
SoftBank, JA Mitsui Leasing, Dell and Samsung have all exited the bare-metal server technology provider, which had raised $36m prior to the acquisition.
Hailo salutes corporates in $60m series B
ABB Technology Ventures and NEC took part in a $60m series B round that will support the AI processor developer’s global expansion efforts.
Ordr pushes funding forward to $50m
The IoT security software provider has raised $50m in total, Kaiser Permanente Ventures and Mayo Clinic having boosted its series B round to a likely $33.5m.
Japan Post packs up funding for AnyMind
Japan Post Capital contributed to a $26.4m round for the direct-to-consumer marketing and human resources technology provider, bringing its total funding to more than $62m.
Fitzpatrick fits in new L&G Capital role
Jasan Fitzpatrick, previously general counsel at L&G’s investment unit, has been appointed managing director of principal investment to focus on build-to-rent and affordable housing segments.
FinCompare finalises series A round
ING Ventures and Uniqa Ventures co-led a second tranche of the business finance provider’s series A round, which has closed at $24.9m.
Recipharm returns for latest Cinclus round
Cinclus Pharma has lured back corporate venturing unit Recipharm Venture Fund for a $26.4m round that will fund a phase 2 study for its GERD therapy candidate.
Huumo joins Helen Ventures from Fortum
Oil provider Helen has hired Fortum alunmus Mikko Huumo to set up a $55m coprorate venturing fund that will focus on transition in the energy industry.
Culture Biosciences gets $15m funding reaction
Alphabet subsidiary Verily returned to reinvest in the biomanufacturing software provider as part of a series A round led by Cultivian Sandbox Ventures.
Vection elects to buy Mindesk
HTC Vive is set to exit VR product design platform developer Mindesk after investing in its seed round early last year.
Disney sets accelerator into motion
Disney Accelerator’s 2020 cohort will feature 10 growth-stage businesses in spaces including artificial intelligence and augmented reality.
Venture moves shows pattern in their travels
There’s been some big moves in the past few weeks with Accenture Ventures adding two managing directors, Tom Lounibos and Jake Kaldenbaugh, to join Michael Redding, and Brittany Skoda leaving Workday Ventures to rejoin investment banking at Morgan Stanley.
Beike Zhaofang moves to $2.4bn round
SoftBank reportedly invested $1bn in the online real estate brokerage as part of a $2.41bn round also featuring Tencent at a valuation of more than $14bn.