MedMen Enterprises-backed cannabis brand Lowell Herb is being bought for $4.1m in cash and approximately $39m in stock.
Month: February 2021
McCain eats its greens with GoodLeaf
McCain has branched out to vertical farming, investing an additional $24m in the leafy green food producer.
SpineZone straightens up with $12m
Funding from investors including Providence Health will allow the musculoskeletal treatment provider to expand its offering and healthcare network.
Joby’s $6.6bn reverse acquisition
Bonny Simi, pilot and founder of US airline JetBlue’s corporate venturing unit, read the runes correctly in December when she left to join portfolio company Joby Aviation as head of air operations and people.
Coinbase confirms direct listing plans
BBVA, NTT Docomo, USAA and New York Stock Exchange will have the option to sell shares in the digital currency trading platform at a possible $100bn valuation.
SVolt plugs into $541m series A
Great Wall Motor’s automotive battery technology spinoff has raised $541m in a round co-led by Bank of China Group Investment and CMG-SDIC Fund Management.
Moore Threads emerges with unicorn valuation
The GPU technology developer has completed a pre-series A round in the 10-digit yuan range that was backed by investors including ByteDance, H&T Intelligent Control and Pony.ai.
Chevron rides to $300m Future Energy Fund II
Chevron Technology Ventures’ latest fund will support developers of technology aimed at cutting carbon emissions, and it follows a $100m first vehicle in 2018.
Clover discovers $230m in series C funding
The Jinlong Group-backed biologic drug developer’s latest round pushed its overall funding from the past 12 months to approximately $387m.
ECarX drives through another $200m
The Baidu, Geely and SIG-backed in-car technology developer hiked its valuation to $2bn in a series A-plus round led by China Venture Capital Fund.
Innovaccer vacuums up $105m
Microsoft unit M12 backed the healthcare data software provider in a round that valued the latter at $1.3bn, pushing its overall funding past $225m.
Infra.Market constructs $100m growth round
The construction materials marketplace operator was valued at $1bn in a round featuring Sistema Asia Fund.
WiTricity powers up to $52m
The vehicle charging technology developer, a spinout from MIT, has secured a further $18m for a Mitsubishi-backed round.
VidMob snaps up $50m for series C
Adobe and Shutterstock have become the latest corporate backers of the video advertising technology provider, which just closed its series C round.