Pax Labs’ e-cigarette spinoff plans to raise $150m and has already secured approximately $112m from unnamed investors.
Author: Sam McCaffrey
SolidEnergy recharges with $30m series C
The battery technology developer, which has now raised $87m in total, counts General Motors, SAIC Motor and Applied Materials among its past investors.
Daily Harvest yields $43m
The WME-backed food subscription service has completed a series B round that will fund growth and product development.
Allianz takes a position at Bima
Insurer Allianz has invested $96.6m to become the largest strategic shareholder in mobile insurance and health platform Bima.
ExPace rockets to $182m
The commercial space launch company was founded by China Aerospace Science and Industry Corporation and China Sanjiang Space Industry Group.
Virgin Hyperloop One vacuums up $50m
DP World and Caspian Venture Capital provided the funding ahead of a planned series C round for Virgin Hyperloop One, which has now raised $295m in total.
Respicardia inhales new funding
The implantable sleep apnoea device developer raised $58.5m in a Zoll Medical-led round that took its total funding past the $140m mark.
Fyusion captures $22m in series B round
A consortium including NTT Docomo, Colopl, Gionee and the Foxconn-backed 2020 fund has provided $22m for 3D photography app developer Fyusion.
Aptinyx shows nerve in $70m series B
Neurological treatment developer Aptinyx has secured $70m in a Nan Fung-backed round to add to the $65m series A it closed in May 2016.
Paddle makes progress with MacPaw funding
MacPaw was among the investors in a $12.5m series B round for sales software provider Paddle, with the cash to go to hiring and product development.
Splice pieces together $35m
The WME and AM Only-backed music production platform developer will use the series B funds to grow its team and improve the suite of tools it offers.
Rakuten and Techstars launch Singapore accelerator
Rakuten and Techstars have partnered to launch an accelerator for startups developing technologies that can be used with social messaging apps.
Pfizer and AbbVie join Jnana Therapeutics’ investors
Jnana has raised $50m in a series A round backed by Pfizer and AbbVie to continue development of its protein drug discovery platform.
IDB collars Colu with $14.5m
Conglomerate IDB Group has invested in localised currency platform Colu and a presale for its cryptocurrency, Colu Local Network.