May 2020 – Page 9

Coronavirus and beyond: healthcare challenges

Infectious diseases and pathogens have caught people’s attention again but will funding be a blip or reshape the healthcare industry? And the healthcare opportunities go further into telemedicine and other mental and physical treatments affected by the crisis after all.

ADC Therapeutics adds to IPO

The oncology therapeutics developer, a spinoff from Spirogen, has increased the size of its initial public offering from almost $233m to nearly $268m.

SoftBank caters to Katerra with $200m

SoftBank Vision Fund has invested $200m in the construction services provider, which announced the round at the same time as chief operating officer Paal Kibsgaard’s ascendancy to CEO.

Rallybio tallies up $145m for series B

The rare disease drug developer pulled in $145m through a round led by Pivotal BioVenture Partners and backed by Mitsui and Fidelity.

Vroom speeds to $100m IPO filing

AutoNation-backed online car dealership Vroom has filed to raise up to $100m, five months after a series H round valuing it at $1.5bn.

Yigongli cleans up in series C round

The Alibaba-backed automated car wash service has completed an $84.4m round, with People’s Insurance Company of China supplying a third of the money.

Cyberbit seizes $70m from Charlesbank

Elbit Systems is now a minority shareholder in cybersecurity training spinoff Cyberbit, which has received primary and secondary funding from Charlesbank Technology Opportunities Fund.

GO1 gets $40m in series C funding

The online training service, which has seen engagement triple in the past month, raised $40m in a round co-led by Seek and backed by M12 and Salesforce Ventures.