Just over a year after collecting $224m in funding, the biofuel producer has closed a $56.7m round featuring Suncor Energy and Waste Management of Canada.
Author: Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
Hookipa nets $84m initial public offering
Gilead Sciences, Boehringer Ingelheim and Takeda all recorded exits as immunotherapy developer Hookipa went public, floating at the bottom of its range.
Life360 to embrace $104m IPO
Life360, backed by ADT, BMW and Duchossois Group, plans to go public in Australia next month after pricing its shares for a company valuation of $494m.
Outreach re-engages with investors to raise $114m
M12 returned to help provide series E funding for customer engagement platform developer Outreach, which has more than doubled its valuation to $1.1bn in under a year.
SoftBank to drive $1bn round for Uber ATG
SoftBank, Toyota and Denso are expected to be among the investors supplying $1bn for Uber’s autonomous driving division when it spins off at a valuation of about $7.3bn.
Sonim sounds out Nasdaq for IPO
Outdoor electronic goods producer Sonim Technologies has filed for a $57.5m initial public offering that would provide exits for Motorola Solutions and JVC Kenwood.
Londian powers up $250m round
SK Group has put $250m into electronics materials supplier Shenzhen Londian Electrics and will collaborate with the company through a joint venture.
Globis maps out $321m for sixth fund
LPs including Sompo Japan Nipponkoa and Tokio Marine have put their weight behind Globis Capital Partners’ sixth fund, which is targeting a $335m final close.
Cytora slides into series B round
QBE and Starr Companies-backed insurance underwriting software provider Cytora has secured $32.6m in an EQT Ventures-led round.
Cardinal Analytx processes series B funding
Cardinal Analytx has raised $20.6m of a targeted $29.3m, adding to a 2017 series A round that included Premera Blue Cross in 2017.
Vimeo pulls out $200m Magisto acquisition
Qualcomm, SanDisk and Mail.ru are among the investors exiting video-editing tool provider Magisto, which has agreed to an acquisition by Vimeo.
Axcella Health accelerates towards IPO
The biopharmaceutical company, formerly known as Pronutria Biosciences and backed by Nestlé Health Science, has filed for an $86.3m offering following $172m of funding.
Samanage savours $350m acquisition
Salesforce is set to exit IT service desk software provider Samanage in a $350m acquisition by SolarWinds, which will integrate the company’s offering into its own product suite.
Black Sesame racks up $100m
Legend Capital has led a $100m series B round for automotive-focused imaging technology developer Black Sesame, with SAIC Motor and SK China also among the backers.