Swisscom Ventures has exited invoice financing services provider Advanon in an acquisition of undisclosed size by peer Creditgate24.
Month: May 2020
UBS joins wave of fintech CVCs
Switzerland-based bank UBS Group is setting aside hundreds of millions of dollars of its own money to invest in financial technology companies, according to newswire Bloomberg.
UBS banks on venture capital strategy
The investment bank is establishing a corporate venturing unit that will invest $10m to $20m per deal in financial technology developers.
Investors meet MissFresh’s $3bn valuation
The Tencent and Lenovo-backed grocery e-commerce platform has closed its latest round, shortly after reports suggesting it was lining up $500m.
Oxford Nanopore expands latest round
Illumina and Amgen-backed genomic sequencing technology developer Oxford Nanopore has added $59.6m to a round that now totals $98.1m.
Exscientia extracts $60m for series C round
OCD drug developer Exscientia bagged $60m in a Novo-led round that also featured Bristol-Myers Squibb and existing corporate investor Evotec.
Xiaomi steps up Zimi investment
Xiaomi has invested about $103m in a cash-and-shares deal that involved it increasing its stake in the power bank provider to almost 50%.
Mindstrong mines Optum for $100m series C
Optum Ventures was among the investors as the mental health management app developer lifted its funding to $145m altogether.
MakeSpace stores $55m in series E
Iron Mountain has contributed to a $55m series E round that boosted the storage service provider’s overall funding to more than $140m.
GSK hits HotSpot in $65m series B
The cancer, autoimmune and rare disease drug developer completed a $65m round that also featured MRL Ventures Fund and Cleva Pharma.
Day One begins with $60m
Access Industries’ Access Biotechnology unit has contributed to a series A round for the paediatric oncology drug developer.
Nanoform solidifies IPO plans
The Mandatum Life and Ilmarinen-backed nanoparticle technology developer has priced a $76.7m offering that will take place in Sweden and Finland.
Addi adds $15m to its coffers
Wayra-backed consumer loan provider Addi has boosted its total funding to nearly $32m as it prepares to move into Brazil and Mexico.
CalciMedica collects $15m in series C round
Biogen and GlaxoSmithKline-backed CalciMedica has received series C capital to advance a possible Covid-19 treatment through clinical testing.