Nan Fung-backed biopharmaceutical company Stealth Bio has filed for an IPO that could bring in almost $87m if it floats at the top of the range.
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.
Euclid goes to WeWork in acquisition
Cox Enterprises, Groupe Arnault and Novel have achieved an exit as location analytics platform Euclid was acquired by WeWork for an undisclosed sum.
Health Catalyst assembles $100m series F
UPMC and Kaiser Permanente have returned to contribute to a $100m series F round for the healthcare software developer, which has now achieved a valuation of more than $1bn.
Corporates help scale Himalaya with $100m
Ximalaya FM and Susquehanna International Group have taken part in a $100m round to launch podcast network Himalaya, which was spun out of Ximalaya.
DNAnexus raises $68m in latest funding sequence
GV and WuXi NextCode both returned to back a $68m round for DNANexus, bringing the biomedical informatics platform’s total funding to approximately $173m.
Calm meditates on $88m series B
The meditation app developer has quadrupled its valuation to $1bn in just eight months, in an $88m series B round featuring CAA.
Reddit readies $300m series D round
Tencent is in talks to invest $150m in Reddit, an online social platform backed by Condé Nast, as part of a series D round that could reach $300m and value it at $3bn.
CoverHound sniffs out $58m
Hiscox has led CoverHound’s series D round, which also attracted Chubb, Aflac and MS&AD, bringing the insurance comparison platform’s overall funding to more than $112m.
Spotify spies Gimlet for $200m acquisition
The streaming platform is in advanced talks to acquire podcast producer Gimlet Media, which has raised $27m from investors including WPP and Graham Holdings, for more than $200m.
Palo Alto Networks picks Demisto for acquisition
Demisto, a cybersecurity technology developer that has raised $69m from investors including Slack and Wipro, is reportedly in talks concerning an acquisition by Palo Alto Networks.
Palantir pares down valuation
REV-backed Palantir has cut the size of its stock options, effectively valuing itself at $11bn just four months after reports suggested it would seek a $41bn valuation for its IPO in 2019.
Partech packs $143m into African fund
Partech Africa has achieved a final close of $143m with limited partners including Orange, Edenred, JCDecaux, Bertelsmann, L’Oréal, Axian Group and Texaf.
Loanboox squares series B funding
Deutsche Kreditbank and LGT Group have put their weight behind Loanboox’s $22.2m series B round, which has boosted the lending marketplace’s valuation to $122m.
Fortanix forges $23m series B round
Intel Capital has led a $23m series B round for Fortanix, with the corporate venture capital unit’s Sunil Kurkure joining the encryption technology developer’s board of directors.