FM Global, Hearst Ventures and QBE Ventures are set to exit the insurance analysis software provider in an acquisition by Bold Penguin.
Month: October 2020
Augmedix reverse merges with Malo
McKesson Ventures was among the existing investors that provided $25m through a private placement that supported the deal between Augmedix and Malo Holdings.
Salesforce flies into $28m Airkit round
Salesforce Ventures has backed customer service software provider Airkit’s first public round alongside venture firms Accel and Emergence Capital.
Toda turns to corporate venturing
The $28.5m vehicle will mainly invest in Japan and US-based middle to later-stage developers of technologies pertinent to the construction firm’s focus areas.
Sumitomo Mitsui Trust and SBI structure fund
The $47.3m SuMi Trust Innovation Fund is expected to invest its capital over a decade and will target companies developing digitisation products.
SAP finds the right line to Manta
SAP.iO Fund was among the participants in a $13m round for the data lineage software provider that was led by Bessemer Venture Partners.
Regional banks help launch Kyoto City fund
The $2.5m Kyoto Shinkin Bank and Kyoto Chuo Shinkin Bank-backed vehicle is run by Future Venture Capital and will back local entrepreneurs working on social and economic challenges.
Kemuri Ventures cooks up food fund
Marui Group and Value Create are among the LPs for the venture firm’s Food Future Fund, which is sponsored by restaurant operator En-Rest and is targeting $28.4m.
Christmas comes for augmented reality
The Economist’s latest Technology Quarterly published in the past week focuses on the promise of virtual reality as “computer-generated realities are becoming ubiquitous”.
Avail prevails with $100m
Baidu-backed surgical telemedicine system developer Avail Medsystems notched up a series B round that hiked its overall funding to $125m.
Eon looks to Future Energy Ventures
The investment and collaboration unit combines portfolio companies and corporate venturing staff from Eon and peer Innogy, which it acquired earlier this year.
Lufax looks to US for initial public offering
Ping An’s lending and wealth management spinoff, valued above $39bn two years ago, has selected the New York Stock Exchange for its flotation.
Spruce Biosciences presents IPO spread
The Novo-backed CAH therapy developer has set the range for an offering set to net it between $60m and $80m in proceeds.
Aledia gets first series D allocation
Existing investors including Intel Capital contributed to the $93.9m first close of the micro-LED technology developer’s series D round.