The Alphabet subsidiary has reportedly laid off 8% of its overall team, all of which worked in its investor operations area.
Month: August 2020
Klara clasps $15m
The patient communication app developer took its total funding past the $30m mark with a round co-led by Google’s Gradient Ventures fund.
Wilbur-Ellis lands on Checkerspot in $36m round
The bioengineered materials producer hiked its overall funding to $54m in a series B round featuring Wilbur-Ellis unit Cavallo Ventures.
Icon finishes construction of $35m series A
BIG-Bjarke Ingels Group and Citi were among the participants in a round that will fund hiring, as Icon prepares to expand its portfolio of 3D-printed homes.
DayDayCook dishes up $20m
The Alibaba-backed meal preparation brand has secured capital in a Talis Capital-led round that increased its funding to $65m to date.
Pachyderm packs in $16m series B
Pachyderm, the developer of a machine learning data platform, increased its overall funding to $28m in a series B round led by Microsoft’s coroporate venturing arm.
GI Windows lets in series A1 funding
GI Windows Medical plans to put the $16.4m from the Johnson & Johnson Innovation – JJDC-backed round into clinical validation of its anastomotic endoscopy device.
Social Capital hashes out Hustle acquisition
Alphabet, Salesforce and Twilio have exited the peer-to-peer messaging platform, which has been purchased by another of its investors, Social Capital.
Eureka proclaims fund’s first close
Italian tech transfer fund Eureka has attracted an initial $44.9m from LPs including Umbra Group and Saes Group to invest in engineering and materials spinouts.
Gaming the future worlds
Back in February 2019, this column wrote about the Tencent-sponsored metaverse: “Tencent was either a major shareholder in or investor in four of the top five deals [of 2018] that saw record $5.7bn invested in startups, according to Digi-Capital’s first quarter (Q1) report by Tim Merel. “Tencent was behind investments in Epic Games ($1.25bn raised), Douyu ($630m raised), Shanda Games ($474m)… Continue reading Gaming the future worlds
Airbnb confidentially enters IPO stage
Alphabet-backed short-term accommodation portal Airbnb has confidentially filed to go public, having raised money at a $26bn valuation in April.
Inhibrx inherits public listing in $119m IPO
Eli Lilly and WuXi Biologics-backed biologics developer Inhibrx floated at the midpoint of its range having previously raised $135m in debt and equity financing.
Dizal dips into $100m round
Dizal, co-founded by AstraZeneca three years ago to develop therapies for a broad range of diseases, pulled in $100m through a round led by Lilly Asia Ventures.
PuduTech progresses to series B-plus round
Meituan Dianping followed a $15m investment in the delivery robotics technology developer by participating in its $14.5m series B-plus round.