Marketing and imaging software producer Adobe agreed to acquire US-based work management software provider Workfront in a $1.5bn deal, giving quantitative trading firm Susquehanna International Group (SIG) an exit.
Month: November 2020
Duolingo rings up $35m
Alphabet-backed language learning platform developer Duolingo has now raised $183m altogether and has increased its valuation 60% to $2.4bn.
Turtlemint turns to corporates to raise $30m
The insurance comparison service will use the cash from the American Family and MassMutual-backed round for recruitment, geographic growth and technology development.
Kaizen Platform caps off listing approval
The ad optimisation platform’s IPO will enable Colopl, Credit Saison, CyberAgent, Dai Nippon Printing, Denstu, Fidelity, GMO, Gree, Mizuho, NTT, SBI and Yahoo Japan to exit.
Afresh rakes in $13m series A extension
Maersk Growth helped the food retail software provider increase the size of the round to $25m at a reported $100m valuation.
Tehtris shapes Open CNP-backed round
The CNP Assurances unit contributed to a $23.6m round intended to support the recruitment of hundreds of new employees.
Apotek Hjärtat applies itself to Min Doktor round
The digital healthcare platform developer secured $32.4m from investors including Apotek Hjärtat, which acquired a 42% stake two years ago.
Corporate venturing deal net: 16-20 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Sumitomo Life invigorates itself with investment fund
The $77.1m Sumisei Innovation Fund will run for a decade and back insurtech and healthtech developers, having partnered SBI Investment to identify investment opportunities.
Paypal deposits $12m in Modulr
The digital payment technology developer’s overall funding funding passed $84m with financing from Paypal Ventures.
Healthcare’s bright future
It has been a busy few years for healthcare and covid has accelerated interest in the windfall landing on the sector.
KPN Ventures races into Speedinvest’s third fund
Europe-wide venture firm Speedinvest has now assembled $225m for its latest fund, which will target pre-seed and seed investments.
Roblox readies billion-dollar IPO
Game creation platform developer Roblox has filed for a $1bn offering that will come after $500m in funding from investors including Tencent.
SR One spins off with $500m
GlaxoSmithKline’s corporate venturing unit is now an independent firm with a $500m fund anchored by its former parent.