SBI Investment’s blockchain and artficial intelligence fund has led a $10.4m series A round for autonomous driving software developer Ascent that will fund R&D.
Author: Callum Cyrus
Navitor nets new funding
Depression therapy developer Navitor, which counts EMS, Sanofi, Johnson & Johnson and GlaxoSmithKline as investors, has raised $11.3m of an expected $25m round.
Fortem tracks Boeing for $15m series A
US-based airspace security technology developer Fortem Technologies has closed a $15m series A round that included aerospace manufacturer Boeing’s corporate venturing unit, HorizonX. Venture capital fund Data Collective led the round, which also featured Manifest Growth, New Ground Ventures, Signia Venture Partners and Mubadala Investment Company, the investment arm of the emirate of Abu Dhabi.… Continue reading Fortem tracks Boeing for $15m series A
Blue Vision pinpoints GV for series A
GV has led a $14.5m series A round for Blue Vision, which has emerged from stealth as it prepares to roll out its collaborative augmented reality platform.
Solebit Labs gets $11m result
MassMutual Ventures helped Solebit close a series A round that will support the cybersecurity platform’s commercialisation, sales and marketing.
Hawkins leaves Universal for LocalGlobe
Julia Hawkins, formerly head of strategy and investments for Universal Music UK, has joined venture firm LocalGlobe as a partner.
Airspace intercepts SingTel to secure $20m
Proceeds from the Singel Innov8-led series A round will support development and production of Airspace Systems’ drone interception system.
Five Seasons counts out first fund
France-based venture capital firm Five Seasons Ventures has raised more than €60m ($73.9m) from investors including food supplier Nestlé for the first close of its first fund. The fund’s limited partners include state-owned investment bank BPIfrance and the Italian government-created vehicle Fondo Italiano d’Investimento. Five Seasons will also have support from InnovFin Equity and Horizon… Continue reading Five Seasons counts out first fund
Genesis takes Cultivate(MD) to first close
Genesis Innovation Group’s Cultivate(MD) vehicle has raised $7.2m of a targeted $10m fund that will invest in early-stage healthcare technology developers.
Fishbrain catches SoftBank in series B round
The SoftBank Ventures Korea-led round increased the angling social network’s total funding to $28m, though existing backer Recruit did not participate.
Hanwang hangs funding on 23Mofang
Hanwang Technology is among the participants in a $15.8m round for the genetic testing services provider, which has now raised $23m in total.
Ovo catches Incoming Media for acquisition deal
Ovo has acquired the mobile video technology developer for just over $10m, with Incoming backers Intel, Citrix and Warner Brothers getting stakes in Ovo.
Zen Rooms moves toward shutdown
Rocket Internet-backed short-term accomodation provider Zen Rooms is in talks with investors for a sale as its capital reserves reportedly dwindle
Upskill undertakes new fundraise
General Electric, Cisco, Boeing and Accenture contributed to a $17.2m round for the AR technology developer that will fund hiring and product development.