The insurer is set for a reverse merger with Reinvent Technology Partners Z to list on the New York Stock Exchange at a valuation of $5bn.
Month: March 2021
Coursera to class as public company
Seek Group, Times Internet and Laureate Education are all in line for exits when the Stanford University online education spinout lists on the New York Stock Exchange.
Ascension rises to $285m opportunity
Ascension Ventures has closed its fifth fund at $285m with the backing of 13 health systems.
MediTrust examines series B funding
Ant Group has co-led a $154m round for the medical payments technology provider, which came a year after a China Re-backed series A-plus.
Midu reads up on $110m series C
Qutoutiao’s literature platform subsidiary is raising series C financing and will use the cash to ramp up its content.
Papaya picks up $100m in series C
The workforce management software developer has been valued at more than $1bn in a $100m series C round backed by Workday.
Nationwide fills in $80m Beam Dental series E
Nationwide Insurance has backed a series E round for Beam that increased the dental insurer’s total funding to $160m.
Turntide funding rises by $80m
Amazon Climate Pledge Fund has helped the electric motor producer increase its total funding to $180m.
Savini saves spot at Honeywell Ventures
Honeywell Ventures has hired Giancarlo Savini to identify cleantech deals and help its parent firm strike up commercial agreements with the portfolio companies, similar to his previous job at Shell Ventures.
Employment Hero aces series D
Seek has returned to lead the human resources management software provider’s $34.8m round, which featured Salesforce Ventures and returning investors.
Analysis: Oscar goes public
Ping An and Alphabet-backed health insurer Oscar priced an upsized offering above its range to raise $1.44bn. The offering is part of the broader health space, which has seen many exits in the past years.
Langer sets up AM Ventures fund
AM Ventures has added KGAL and its management team as shareholders as it seeks to double the $59.5m it has raised for its latest fund.
ByteDance backs QCraft’s latest round
ByteDance has been revealed to be an investor in the Lenovo-backed autonomous driving technology developer.
AML RightSource accesses Arachnys
Marshall Group has exited the provider of anti-money laundering and identity verification software provider in a purchase by AML RightSource.