The price Eli Lilly is paying for protein drug developer and portfolio company Protomer could potentially top $1bn dependent on milestone payments.
Month: July 2021
Dynacure sets sights on $107m IPO
Ionis Pharmaceuticals’ stake in the muscular disease treatment developer will be cut in an offering set to raise between $95m and $107m.
Gogox gathers $100m of funding
Gogox, which counts Alibaba, Cainiao, 58 Daojia, Renren and Singapore Press Holdings as shareholders, has received about $100m in a round co-led by Bocom and Cyberport.
Truveta takes care with $95m
All 17 founding health systems have chipped into the health data platform developer’s series A round, which closed with contributions from three new members.
Marco Financial marks off $82m seed round
Flexport Ventures contrbuited to a debt and equity round which will boost product development for the export finance startup.
Rohm forms corporate venturing vehicle
The chipmaker’s $45.4m fund is set to operate for 10 years, investing and backing startups working on innovative semiconductor technologies and products.
Female Founders Fund finalises $57m Fund III
Female Founders Fund has secured GV vehicle Plexo Capital and Twitter as limited partners in its latest seed-stage venture capital fund.
Daily Deal Round Up: July 14, 2021
Electric aircraft developer Heart Aerospace raised $35m from investors including Mesa Air and United, while several corporates are set to exit remote access software developer Openpath.
How will covid-19 impact the world of work and innovation capital?
There is plenty of debate about how covid-19 will impact the world of work and innovation capital.
Zomato sets out $1.25bn IPO
The Ant Group, Info Edge and Delivery Hero-backed restaurant listings and food delivery app operator is floating in a dual listing, having secured $562m from anchor investors yesterday.
Prime Medicine presents $315m in funding
GV has contributed to two rounds for the gene-editing technology developer, which publicly launched yesterday with $315m of funding.
Elevate Brands accelerates with $250m
Novel TMT returned to help the third-party e-commerce operator, with more than 25 brands in its stable, hike its 2021 funding to $317m.
Corporates recharge SES in $3.6bn reverse merger
General Motors, Hyundai, Kia, Geely, SAIC Motor, Koch Industries, Foxconn and LG took part in a $200m PIPE supporting a $3.6bn reverse merger for lithium-metal battery developer SES.
Micheng Shenghuo shuts down
The corporate-backed bulk grocery retailer has ceased operations approximately a year after it was formed by a merger between Tongcheng Life and Linlinyi.