Sanofi Ventures contributed to a series C round for Dice Molecules, which is advancing a potential psoriasis treatment.
Month: January 2021
Carisma motivates investors for $47m series B
Livzon Pharmaceutical, Merck & Co and AbbVie helped the immuno-oncology therapy developer take its overall funding to $109m.
Werewolf scares up $72m
Taiho Ventures returned for a $72m series B round closed by Werewolf Therapeutics, which is now set to advance two lead oncology assets through phase 1 trials.
BioGeneration Ventures finalises $170m fourth fund
Bristol Myers Squibb, Eli Lilly and Novo are among the limited partners in the pharmaceutical-focused venture firm’s BGV IV fund, which has reached its final close.
CorWave reaches $40m series C round
Novo helped the cardiac pump developer CorWave secure series C funding to increase its total funding to over $95m.
Roujou de Boubée shifts to Citizen Capital
Diane Roujou de Boubée had previously held a manager position at corporate venture capital vehicle Sodexo Ventures.
Myeloid mines Alexandria Venture Investments in $50m round
The newly launched cancer therapy startup plans to initiate clinical trials this year after securing funding from Alexandria Real Estate Equities’ venture arm.
Mitzenmacher puts on Rackspace role
Steve Mitzenmacher spent nine years in corporate development and strategy at NetApp before joining Rackspace earlier this month.
Analysis: Udaan increases series D
Business-to-business (B2B) e-commerce marketplace Udaan extended its series D round with a $280m tranche, featuring Tencent. The company is one of the comparatively few B2B e-commerce deals we have reported, despite the relative size and importance of the B2B in it.
Corporate venturing deal net: 4-8 January 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Malaysian conglomerate MUI unveils CVC unit
MUI formed Pan Malaysia Ventures (PMV) last year and has invested up to $200,000 each in six startups.
EV Growth hires three
David Fernando Audy, Mulyono Xu and Pascal Christian-Sarana are joining the team of the Yahoo Japan and Sinar Mas-backed venture firm.
Overview: Venture’s ‘cauldron of change’
This past week has seen us publish a draft speech to be delivered at our next GCVDigitalForum.com on January 21 to 27.
SoFi’s valuation soars in reverse merger deal
SoftBank and Renren-backed online financial services provider SoFi will list on the New York Stock Exchange at an $8.65bn valuation double that of its last round.