Marico will acquire an additional 14.5% of fitness and wellness app developer Revofit over the next year having initially invested in 2018.
Author: Callum Cyrus
CTA’s diversity fund backs VC duo
CTA’s $10m diversity vehicle has announced investments in venture firms Harlem Capital Partners and SoGal Ventures.
Lego helps Klang build series B funding
Lego’s corporate venturing unit has contributed to a $22.3m round for MMO developer Klang as it prepares to release its second title.
UrbanStems blossoms with $12m series B
Motley Fool Ventures co-led UrbanStems’ series B round to bring the online florist’s debt and equity financing to more than $27m altogether.
Groupon ropes in Presence AI
Online discount provider Groupon has picked up customer chatbot developer Presence AI for an undisclosed sum, opening the exit for Amazon’s Alexa Fund.
Incorta boots up $30m series C
The data warehousing technology developer has closed a round featuring Telstra Ventures, GV and M12 that took its overall funding to $75m.
Ginkgo spinoff Motif moves to next round
Meat-free food ingredient supplier Motif FoodWorks has added $27.5m to a $90m round featuring Louis Dreyfus and Fonterra earlier this year.
Mux sucks in $20m
The video-optimisation software provider’s series B round was led by CAA-backed Evolution Media while Accel and Y combinator also invested.
Fudata gets fed pre-series B funding
Sichuan Changhong Electric contributed to a $14.2m round that brought financial services-focused anti-fraud product developer Fudata’s total funding to $39m.
Vreal slips into the night
VR streaming technology creator Vreal has reached the end of the road having previously raised money from Intel Capital and Akatsuki Entertainment Technology Fund.
Renovacor recovers $11m in series A round
Novartis Venture Fund co-led the gene therapy developer’s series A round, raised as it prepares to submit an investigational new drug application for its lead drug.
Light Field attracts $28m
Robert Bosch Venture Capital led a $28m round for the holographic display developer that included Comcast, Liberty Global, Samsung, Hella, Verizon and NTT Docomo.
Yungehuo pulls in series A capital
Legend Capital led a $14.2m round for cargo delivery services platform Yungehuo, which has earmarked the funding for further business expansion.
QFPay decodes $20m in corporate-backed round
MDI Ventures and Rakuten Capital contributed to a $20m round for mobile payment technology producer QFPay, which has now raised at least $36.5m altogether.