A year after collecting $200m in series A funding, BGI gene sequencing spinoff MGI Tech has closed a $1bn series B round co-led by IDG Capital and CPE Capital.
Month: May 2020
SpaceX rockets to $346m
The Alphabet-backed spacecraft provider has shot past its $250m target to raise $346m in a round expected to value it at $36bn.
AbCellera accelerates with $105m
Eli Lilly invested in AbCellera’s series B round shortly after agreeing a research and collaboration licensing deal with the drug discovery technology provider.
Pliant places IPO terms
Existing investor Novartis has committed to a $10m private placement alongside the IPO, in which the fibrosis therapy developer is set to raise up to $96m.
Arvelle arcs to series A close
Axovant’s seizure treatment spinoff has closed its series A round having received more than $133m in equity funding and $74.5m in project financing.
Avidity to invade public markets
Eli Lilly, EMS, Takeda and ST Pharm are in line for exits after muscle disease therapy developer Avidity filed for a $100m initial public offering.
Burning Rock files for $100m IPO
The oncology diagnostics technology provider has filed to go public in the US, with Legend Holdings and Eli Lilly set to exit through the flotation.
CFS sees out $84m series A2 round
Equinor and Eni Next contributed to an $84m round for nuclear fusion technology startup Commonwealth Fusion Systems following a $115m series A last year.
Arnold exits IAG Firemark Ventures
Ron Arnold, who had headed the Australia-based insurer’s corporate venturing arm for nearly six years, has departed in order to launch professional services firm 11eight.
Scandit puts $80m in the can
Salesforce Ventures, Swisscom Ventures and returning investor GV helped the computer vision technology provider take its total funding past $120m.
Ola Financial Services rolls into cash influx
Ride hailing service Ola has pulled in $26.7m for its financial services offshoot from Falcon Edge, Matrix Partners and Apoletto Managers at a $250m valuation.
D-ID draws series A funding
The visual privacy technology developer received $13.5m from investors including Axa Venture Partners, Omron Ventures and Hyundai.
Enview entertains Statkraft in $12m round
Statkraft Ventures contributed to a round for the 3D geospatial analysis platform developer that was led by BrightCap Ventures.
Splash Financial cashes in series A
CMFG Ventures and Northwestern Mutual Future Ventures co-led a $12.3m round having previously invested in the student loan refinancer a year ago.