UK-based cybersecurity technology developer Panaseer raised $10m on Monday in a series A round featuring Cisco Investments, the corporate venture capital vehicle for networking technology producer Cisco. The round was led by Evolution Equity Partners and included Notion Capital, Albion Capital, Winton Ventures and Paladin Capital Group, the five having provided $3.25m for the company in May 2017. It has now raised $15.6m altogether.
US-based life insurance portal Fabric secured $10m in series A funding on Tuesday from participants including RGAx, a corporate venturing subsidiary of reinsurance firm Reinsurance Group of America; Bessemer Venture Partners, which led the round; Silicon Valley Bank, which supplied a credit facility; and undisclosed existing investors. Bessemer had already led Fabric’s $2.5m seed round in March 2017, which also featured RGAx, Box Group, Brainchild, Maveron and Red Sea Ventures.
On-demand ride provider UCar has provided more than $10m of series B funding for China-based driver services platform Chexingyi, 36Kr reported last month. Chexingyi, which offers a range of services including parking ticket notifications, vehicle inspections and licence and automotive insurance renewal, will put the capital toward expanding into 100 Chinese cities by next year.
Fos4x, a Germany-based developer of sensor technology that optimises the performance of wind turbines, has received $10m in series B funding from investors including wind energy and petroleum producer Equinor. The round also featured existing investors BayernKapital, Falk Strascheg Holding, High-Tech Gründerfonds, Unternehmertum Venture Capital Partners and Business Angels, and followed a $2.5m round in 2015.
BluWrap, a UK-based packaging technology provider backed by financial services firm Rabobank, has secured an undisclosed amount in a series D round led by Wheatsheaf Group, a food and agriculture investment vehicle overseen by the estate of the Grosvenor family. Rabobank subsidiaries had joined Rabo Ventures and Anterra Capital for a $12.6m round for BluWrap in 2014 that was also led by Wheatsheaf and backed by Eight Roads, a subsidiary of financial services and investment group Fidelity, and Firelake Capital.
Singapore-based aquaculture data provider Umitron has raised S$11.2m ($8.2m) in a funding round featuring consulting firm Ideo. The round was co-led by Innovation Network Corporation of Japan and D4V, and included undisclosed angel investors, and Umitron will use the funding to strengthen research and development and enhance its existing service.
Live Better With, the UK-based operator of an online repository for products that help patients ease cancer symptoms, has received $7m of funding from investors including DMG Ventures, the corporate venturing arm of media group Daily Mail and General Trust, as well as Downing Ventures and Forward Partners, Forbes has reported. The company has now raised $11m altogether according to Forbes, including $1.5m from Forward Partners, Downing Ventures, Fig Capital and London Co-Investment Fund in August 2016.
Talentry, the Germany-based developer of an employee referral and advocacy platform, has completed a €6m ($7m) series A round that included business management software provider Allgeier, TechCrunch reported on Tuesday. The round was led by Nauta Capital and included Global Founders Capital, which had previously led the company’s €2m seed round in 2016, and unnamed angel investors.
Cybersecurity software producer ClearSky Security co-led a $5.6m series A round for US-based email security technology developer Inky Technology Corporation on Tuesday, investing alongside Gula Tech Adventures and Blackstone. Formerly known as Arcode, Inky raised $230,000 in 2016 according to a regulatory filing, and ClearSky managing director Peter Kuper will join its board of directors in conjunction with the round.
TinyTap, an Israel-based educational game developer backed by mobile game producer Animoca, closed a $5m funding round led by VC fund Aleph on Tuesday. The round also featured existing investors including Inimiti, Radiant Venture Capital and ReInvent VC. Animoca invested as part of a $1.5m round in February 2017 that included Inimiti and New York Angels, after TinyTap had raised $500,000 from Inimiti in 2012.
AgeX Therapeutics, a US-based age-related disease-focused spinoff of degenerative disease treatment developer BioTime, has secured $5m in funding from biotech developer Juvenescence. The company had previously raised $10.8m in equity funding, including $10m that was supplied by BioTime, IBS Capital and angel investors including Jim Mellon, John Mauldin and Alfred Kingsley in August 2017 at a $68m valuation.
Presidio Ventures, a corporate venturing subsidiary of diversified conglomerate Sumitomo, led a $4.6m series A round for US-based machine learning technology developer Falkonry on Tuesday that also featured industrial conglomerate Fortive Corporation and existing investors including Basis Set Ventures, Polaris Partners, Start Smart Labs and Zetta Venture Partners. The round boosted Falkonry’s total funding to $10.9m.
UK-based connected board game developer Sensible Object has raised $3.2m from investors including e-commerce group Amazon’s Alexa Fund and video game developer NCSoft, Geekwire reported on Monday. March Capital Partners and London Venture Partners also took part in the round, which increased the startup’s total funding to $5m since it was founded in 2016, the year before it graduated from Amazon’s Alexa Accelerator initiative.
BioMin Technologies, a UK-based developer of toothpastes with bioactive glasses contained within them, has secured £2m ($2.6m) in funding from investors including toothpaste producer Guangdong KanWan Cosmetics and undisclosed trade partners of BioMin. KanWan and BioMin already have a licensing agreement in place whereby the former can use the latter’s bioactive glass in its own products.
Mightier, a US-based children’s behavioural health technology spun off from healthcare provider Boston Children’s Hospital, secured $2.4m in seed capital on Tuesday from Slow Ventures, Bolt, Founder Collective, Project 11 and undisclosed angel investors. The funding will be added to a $1.3m first tranche and used to increase the number of games on the company’s platform from 15 to 25, and to expand the platform’s members.
Slack Fund, the corporate venturing arm of enterprise messaging software producer Slack, has contributed to a $2.35m seed round for Zenaton, a France-based provider of tools for software developers. Accel and Point Nine Capital co-led the round, which included Kima Ventures and angel investors including Julien Lemoine and Francis Nappez. The company, which was founded in September 2017, will use the funding to increase the size of its engineering team.
US-based sensor intelligence technology startup Inspirit IoT has completed a seed round of undisclosed size led by artificial intelligence sensor producer Senscape Technologies. Although it did not reveal the precise size of the round, a regulatory filing in April this year indicated Inspirit had raised $1.05m of a $2.05m round, and the company had closed a $200,000 round in November 2016 according to a separate filing.
MDI Ventures, the corporate venturing subsidiary of telecommunications company Telkom Indonesia, has provided $2m of funding for Roambee, a US-based creator of internet-of-things technology that helps businesses track items as they progress through the supply chain, VentureBeat reported on Wednesday. Roambee has now raised about $9.5m in total and its earlier backers include Deutsche Telekom Strategic Investments, the corporate VC vehicle for telecoms firm Deutsche Telekom, which invested $3.1m in January 2017.
Bainbridge Health, a US-based spinoff from care provider Children’s Hospital of Philadelphia (CHOP) that is developing technology to prevent errors in hospitals, has received $1.6m in funding from CHOP, BioAdvance and Chestnut Street Ventures, Technical.ly has reported. The capital increased Bainbridge’s seed round to $3.5m and will be used to increase the startup’s team from seven to 10 members.
Electronics recycling service AiHuiShou has invested an undisclosed amount in Cashify, the India-based operator of a used electronics e-commerce marketplace, the Economic Times reported today. Cashify had raised at least $1m in funding from VC firms Bessemer Ventures and Blume Ventures as of mid-2016, with both joining M&S Partners to add an undisclosed amount in July 2017.
Stealth-stage US-based social media startup Capture Technologies has raised $1m in a seed round that included internet company Mail.Ru, TechCrunch reported on Monday. VC firm General Catalyst led the round, which also featured Kleiner Perkins Caufield & Byers, Social Capital, Dream Machine VC and angel investor Paul Heydon.
Vietnam-based soybean beverage retailer Soya Garden has received ₫20bn ($870,000) in funding from education provider eGroup, DealStreetAsia reported yesterday. Soya Garden has opened 13 branches since it was founded in 2016 and plans to use the funding to open a further 30 in the cities of Hanoi and Ho Chi Minh City.
Consulting firm Carnrite Group has provided an undisclosed amount of funding for LetsLaunch, the US-based creator of a crowdfunding platform for small business owners. LetsLaunch raised the money ahead of the planned launch of its platform next month, and charges a small fee for business clients, who can seek up to $1m through the service according to US government regulations.
Agribusiness Monsanto has led a R$2.3m ($610,000) round for Grão Direto, the Brazil-based operator of an online trading platform for commodities such as grain, Valor Econômico has reported. The corporate invested through its Monsanto Growth Ventures unit and provided about half the funding, with the rest coming from Canary and OpenVC.
Mobile payment software provider Mobikwik has provided Rs 20m ($290,000) in funding for India-based predictive analytics technology startup Pivotchain Solutions, Hindu Business Line has reported. Mobikwik intends to utilise artificial intelligence and deep learning models developed by the company in a range of lending products in order to evaluate users’ credit requirements.