SoftBank paid $350m for a 30% stake in the satellite internet system developer, which has emerged from bankruptcy, while Hughes Network Systems supplied the other $50m.
Month: January 2021
Auto1 to organise $1.2bn IPO
Mutschler Group and SoftBank Vision Fund are in line for exits as the online car dealership reveals plans to list its shares in Frankfurt.
Qualcomm to hoover up Nuvia in $1.4bn deal
Dell Technologies Capital will exit the silicon chipmaker, which had raised $293m since it was founded less than two years ago.
NewAmsterdam accrues $196m in series A
Kaiser Foundation Hospitals and Medpace took part in a round that will support phase 3 trials for the startup’s lead cardiometabolic disease drug candidate.
Sennder secures $160m in series D round
Existing investor Scania co-led a series D round in which the trucking services platform developer achieved a valuation above $1bn.
Talkspace announces $1.4bn reverse merger deal
The behavioural health assistance platform will get a public listing through the deal, which follows $110m from investors including SoftBank.
Delfi Diagnostics helps itself to $100m
Illumina Ventures and AV8 Ventures returned for a series A round that will push the startup’s liquid biopsy technology towards the clinical trial stage.
IO Biotech bags $154m
Lundbeck and Novo were among the participants in the immuno-oncology drug developer’s series B round having backed its series A four years ago.
Premise picks up $85m in series E round
The GV-backed market intelligence platform developer has pushed its total funding past $150m in a series E round led by WestCap Group.
Clark clocks up series C funding
Tencent led an $83.9m round for the insurance technology developer, which counts Axel Springer and ProSiebenSat.1 among its earlier investors.
Impulse Dynamics gets $60m implant
The Minth Group, Zoll Medical and Abiomed-backed medical device developer has raised at least $217m in total after closing additional series D funding.
Schumacher shuffles NAX out of stealth
Digital asset development platform New Asset Exchange has publicly launched with $65m having been set up by BCG Digital Ventures founder Jeff Schumacher.
Toho Gas Accelerator Program 2020 charges first cohort
Batton, ExaWizards and Lightblue Technology are all joining the incubator and accelerator jointly run by Toho Gas and Persol’s Eiicon subsidiary.
Pfizer finds $25m for Vedanta
Pfizer’s Breakthrough Growth Initiative has backed the PureTech microbiome spinoff, which will use the cash to finance phase 2 tests of its lead IBD drug candidate.