US-based botox treatment developer Alphaeon Corporation has raised an undisclosed amount in convertible note financing in a round led by healthcare technology provider Dental Innovations and backed by Sailing Capital, Longitude Capital Management and unnamed existing investors. Alphaeon had raised $97.5m from investors including diversified conglomerate Chow Tai Fook Enterprises, Sailing Capital, Longitude Capital and H&S Ventures in the preceding two years, according to press releases and securities filings.
India-based e-commerce consulting firm Ace Turtle has secured $5m in a series A round led by Singaporean state-owned venture capital firm Vertex Ventures that included C31Ventures, the corporate venturing arm of real estate developer CapitaLand, the Economic Times reported on Monday. Ace Turtle will spend the series A cash on recruitment, product development and a Southeast Asian expansion drive that will begin with Singapore and Malaysia.
GV, the corporate venturing unit formerly known as Google Ventures, provided an amount of series A funding on Wednesday for Fulcrum Therapeutics, a US-based startup developing small-molecule treatments for serious genetic diseases, which a securities filing indicated was $5m. Fulcrum, which had previously received $55m in financing from VC firm Third Rock Ventures when it launched in July 2016, will use the cash to advance treatments for fragile X syndrome and facioscapulohumeral muscular dystrophy.
Renewable energy producer Eneco paid an undisclosed amount for a 34% stake in Germany-based virtual power plant operator Next Kraftwerke on Monday. Next operates more than 2.8 GW of aggregated renewable energy assets across Austria, Belgium, France, Italy, the Netherlands, Poland and Switzerland.
Sabic Ventures, the strategic investment arm of chemicals producer Sabic, has invested an undisclosed amount in Netherlands-based composite product supplier Airborne International as part of a round that included HPE Growth Capital’s HPE Pro Institutional Fund, as well as Pangaea Ventures, Participatiemaatschappij InnovationQuarter and Innovatiefonds Brabant. The capital will go toward the ongoing automation and digitisation of Airborne’s manufacturing process.
Cisco Investments, the corporate venturing subsidiary of networking technology producer Cisco, and data storage and management system provider NetApp have invested an undisclosed sum in US-based data management software developer Datos IO. The company raised $2.75m in a 2014 seed round led by True Ventures, which returned for a $12.5m series A in November 2015 that included Lightspeed Venture Partners, CrunchFund and undisclosed angel investors.
Japan-based wearable communication device developer Bonx has raised ¥200m ($1.8m) in funding from digital marketing firm Adways, hearing aid and sound measuring equipment maker Rion and VC firm Keio Innovation Initiative, The Bridge reported on Wednesday. The round took Bonx’s total funding to approximately $4.4m and will be used to establish a US subsidiary to sell its product, which is generally used in sporting and leisure activities.
Customer services provider Transcosmos and beauty e-commerce retailer Luxasia Group have provided an undisclosed amount of series B+ funding for Singapore-based e-commerce software developer Anchanto, DealStreetAsia reported on Tuesday. Innosight Ventures, Cub Capital and angel investors Scott Anthony and Akshay Mehra had supplied an undisclosed amount for Anchanto in a 2014 series A round before the company closed a series B in late 2015 alongside a strategic partnership with Transcosmos.
Germany-based IT infrastructure optimisation startup Replex secured €1.5m ($1.6m) in seed capital on Wednesday from EnBW New Ventures, the corporate venturing arm of energy utility EnBW, as well as High-Tech Gründerfonds, eValue and Entrepreneurs Investment Fund. Replex will use the funding to support company expansion, including in the US where it has just opened an office in San Francisco.
India-based video intelligence software developer Vidooly has received $1.4m in series A funding from Times Internet, the online services subsidiary of media firm Times Group, and venture finance provider GVFL, Money Control reported on Wednesday. Vidooly, a graduate of Times Internet-backed accelerator TLabs in 2014, had previously raised $1m in funding from VC firm Bessemer Venture Partners in mid-2015.
US-based hair growth supplement developer Nutrafol completed a series A round of undisclosed size on Tuesday that was led by consumer goods manufacturer Unilever through its Unilever Ventures subsidiary. The round, which included unnamed strategic partners, will support research and product development as Nutrafol aims to increase growth through medical, hair salon and e-commerce channels.
Industrial manufacturing service provider HansaMatrix and investment firm Imprimatur Capital agreed on Tuesday to jointly invest €800,000 ($870,000) in Latvia-based 3D image display technology developer LightSpace Technologies. HansaMatrix will provide €650,000 of the funding and will have a 33% share of the company once the investment has closed.
South Africa-based on-demand home cleaning service SweepSouth has received an undisclosed amount of series A funding from investors including retail services provider Smollan, ITWeb has reported. Draper Dark Flow, Identity Future Fund, Africa Angels Network and angel investor Nkosinathi Maphumulo also took part in the round, which followed R10m ($740,000) from Vumela Fund, a VC subsidiary of financial services provider FirstRand Group, as well as Newtown Partners and angel investor Vinny Lingham in January 2016.
Trading services firm Zerodha has invested Rs 15m ($230,000) in India-based personal finance advice app developer Balance through its incubator and VC subsidiary, Rainmatter, the Economic Times has reported. Balance will use the funding to expand the size of its team, with designers and developers a priority.
SceneDoc, a Canada-based data collection software provider for the law enforcement sector, has closed a financing round of undisclosed size that was co-led by Motorola Solutions Venture Capital, the corporate venturing arm of communications equipment maker Motorola Solutions, as well as Responder Ventures and iGan Partners. The round follows $6m of earlier funding for SceneDoc, $4m of which came in a Motorola Solutions Venture Capital-backed series A round in early 2015.