Gigafund led a series C round for the GV and Stripe-backed online coding school to increase its overall funding to approximately $122m.
Month: August 2020
Exo extracts $40m from investors
GlaxoSmithKline’s Action Potential Venture Capital fund led a series B-plus round that included TDK Ventures, Intel Capital and Applied Ventures.
Corporates explore iSpace in $28m series B
Takasago Thermal Engineering and Mitsui Sumitomo Insurance made strategic investments in the moon exploration business, which has now raised $125m in total.
Brightline marks off $20m series A
Boston Children’s Hospital, Blue Cross Blue Shield of Massachusetts and Blue Shield of California have all invested in the children’s behavioural healthcare provider.
Cobalt.io shows mettle to raise $29m
Digital Garage-backed software pentesting service Cobalt.io pushed its total funding to more than $36m in a Highland Europe-led series B round.
Trell tells of series A funding
Samsung Ventures and Fosun RZ Capital contributed to an $11.4m round that lifestyle media app developer Trell will put into hiring and product development.
Analysis: AmEx eats up Kabbage
US-based business finance provider Kabbage, which has a host of corporates as backers, will be acquired by payment processing firm American Express.
Tau Ventures taps Wilson Sonsini for $17m fund
Machine learning-focused Tau Ventures has bagged $17m for its first fund, with law firm Wilson Sonsini Goodrich & Rosati among the limited partners.
Corporate venturing deal net: 17-21 August 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Fintech paths point to Europe
As with yesterday’s column on Tencent and US gaming companies’ interest in European startups, the continent is increasingly interesting for tapping fintech talent.
BlockFi builds $50m series C
Morgan Creek Digital has led a round that pushed digital currency product developer BlockFi’s total funding past the $160m mark.
Corporates help pour $230m into Waterdrop
Medical care crowdfunding service Waterdrop has confirmed it raised $230m in its series D round, which was co-led by Swiss Re and Tencent.
Element Insurance expands series A round
Sony was among the investors contributing to a $46.5m close of a round for the insurance software provider that includes Signal Iduna, SBI and Mitsui Sumitomo Insurance.
Science 37 gets $40m result
Returning investor PPD co-led a $40m round for the remote clinical trials service, while Novartis, Amgen, Sanofi and Alphabet also doubled down on their commitments.