Comment by James Mawson, editor in chief, Global Corporate Venturing
Author: Callum Cyrus
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.
Anybotics annexes series A funding
Swisscom Ventures’ Digital Transformation Fund led a $22.5m round for the industrial robot developer, a spinout of ETH Zurich.
Proscia produces $23m series B
Digital pathology technology developer Proscia has boosted its total funding to $35m with a series B round featuring Hitachi Ventures.
Deep Isolation deposits $20m in series A
NAC International led a series A round for nuclear waste manager Deep Isolation following an initial partnership formed last year.
Catalym catches Novartis to raise $59m
Novartis Venture Fund took part in a series B round closed as Catalym prepares to move its lead cancer immunotherapy asset into the clinic next month.
IQM cues up $46m
IQM Quantum Computers has lured investors including Tencent to an ongoing series A round that brought its total equity and grant funding to about $84m.
Congenica conjures up $50m
Tencent and Legal & General co-led a series C round for genomic testing software provider Congenica that will fund the expansion of its partnership activities.
Globus absorbs Synoste
Evonik and Mectalent have exited the bone implant developer in an acquisition by Globus Medical that follows nearly $12m in funding.
Siegel segues to chairwoman role at The Engine
Former GE Ventures CEO Sue Siegel has been selected as chairwoman of the MIT-affiliated fund and accelerator The Engine.
Palladio fills palette with $20m
Roche has injected funding into Palladio, creators of a drug for autosomal dominant polycystic kidney disease.
Pureos Bioventures closes $170m fund
Pureos Bioventures has backed five spinouts so far from its multi-corporate-backed, biotech-focused fund.
Baijiayun basks in $26.3m series B
Cash Capital was among the investors for Baijiayun, a Mooc platform whose shareholders also include Xiaodu Huyu, Huatu Education and BaishanCloud.
Winnow Fund wins over corporate LPs
MGE Energy, Capital Times and Johnsonville Ventures all contributed to the $6m first close of the Wisconsin student-focused venture fund.