The Parkinson’s disease therapy developer completed a series A round co-led by AbbVie Ventures, which will also take a board seat at the company.
Month: April 2020
Dailyhunt catches series G funding
ByteDance returned to provide $4.7m for a $23.4m round that boosted the media aggregator’s overall funding to near $150m.
Bijak rakes in series A funding
Ru-Net participated in an $11.2m round for fresh produce sourcing platform Bijak, which is in discussions to extend the round further.
Net zero in all but price
“US oil price below zero for first time in history,” read the headline in the Financial Times and effectively the same over at the Wall Street Journal when I woke up this morning.
CVC in the Time of Coronavirus: Aldi Adrian Hartanto, MDI Ventures
Hartanto, VP of investments for MDI Ventures, suggested CVCs may have to move to a revenue-centred approach that has helped his unit gain influence within parent company Telkom Indonesia.
Investors crown Didi spinoff Qingju with $150m
SoftBank and Legend Capital have invested $150m in the home-grown bicycle sharing platform that will be added to $850m from parent company Didi Chuxing.
Eros arrow catches STX for merger deal
Liberty Global is among the STX Entertainment investors that will provide $125m for its merger with publicly-listed Eros International.
Vestiaire Collective fashions $64m round
Condé Nast was among the returning investors in a round that will fund the luxury fashion e-commerce platform’s expansion into Korea and Japan.
Alan achieves series C close
CNP Assurances-backed digital health insurer Alan has picked up $54.4m in a Temasek-led round to bring its total funding to more than $141m.
NoBroker builds series D extension
The Digital Garage-backed real estate listings portal bumped its latest round up to $80m with a $30m investment helmed by General Atlantic.
Cloudbreak gets Grand investment
Grand Pharmaceutical invested $5.6m in Cloudbreak through a licensing agreement, as part of a $25.4m round for the ocular disorder therapy developer.
Kuaishou kicks $30m over to Huohua Siwei
The educational app developer raised the money as part of a wider round it is reportedly looking to close at between $100m and $150m.
Boosting inflation through adding inefficiency to the market
There are a few ways to deleverage an economy and boosting inflation to reduce the real burden of the debt is one of the less unpleasant if it is carried out alongside rising wages. This is critical if the demand shock from the coronavirus lockdown leaves that economy effectively unable to service its individual, corporate or sovereign debt piles.
UK pledges $1.25bn in innovation support
The UK will provide approximately $312m in convertible debt for coronavirus-affected companies to match private investment, and has earmarked the rest for its Innovate UK agency.