Merck & Co, Celgene, Amgen and Eli Lilly all took part in an $85.4m round that boosted the cancer drug developer’s total funding to more than $175m.
Author: Robert Lavine
Alexa Fund alerts second accelerator batch
Amazon’s corporate venturing unit has announced the nine artificial intelligence developers that will make up its second cohort.
Sanofi helps send $17m to Click Therapeutics
Click has secured financing in a round led by Sanofi Ventures as it develops digital medicines for conditions including depression, insomnia and chronic pain.
GE helps Xage Security lock up $12m
The decentralised IoT security platform developer has raised series A funding from investors including General Electric’s GE Ventures unit.
PayU sees PaySense in $18m series B
Online lending processor PaySense has raised money in a series B round led by an $11.5m investment from strategic backer PayU.
Alibaba picks Pekon for investment
Cosmetics-focused retail software provider Pekon has raised $13.3m in an Alibaba-led round backed by existing investor LightHouse Capital Management.
Corporate venturing deal net: 23-27 July 2018
TrackR, the US-based possession-tracking device developer backed by e-commerce firm Amazon and mobile network operator NTT Docomo, has secured a little over $10m according to a regulatory filing. The company had raised a total of more than $60m as of its last round, a $50m series B in August 2017 featuring corporate venturing units Amazon… Continue reading Corporate venturing deal net: 23-27 July 2018
Corporates join Guild for $40m series C round
Salesforce Ventures and Workday Ventures contributed to a round that took adult education platform Guild Education’s total funding to more than $71m.
Ascletis to clear $400m in IPO
The Tasly-backed hepatitis C drug developer priced its shares in the middle of their range and is set to float at the start of next month.
FinAccel finds corporates for $30m series B
Corporate venturing units MDI Ventures and GMO Venture Partners chipped in to help FinAccel, owner of e-commerce credit system Kredivo, raise new funds.
Stamps.com collects MetaPack in $230m deal
E-commerce logistics platform MetaPack, which counts WPP among its investors, has agreed to an acquisition by Stamps.com.
WeWork China shows it means business, raising $500m
SoftBank and its Vision Fund were among five investors that co-led the round to double the amount raised by WeWork’s China spinoff to $1bn.
New TV notches up $1bn
US-based video production company New TV has increased its first funding round to $1bn, $200m of which has come from a range of entertainment providers, CNN reported yesterday. Walt Disney, 21st Century Fox, Warner Bros and Entertainment One are among the media and entertainment companies that have collectively provided the $200m, and the rest has… Continue reading New TV notches up $1bn
Okta opts for ScaleFT acquisition
Okta paid an undisclosed amount for remote-access technology developer ScaleFT allowing Rackspace to exit.