Funding
China-based oncolytic virus therapeutics developer Binhui Biopharm has raised approximately $47m in a series B-plus round led by pharmaceutical group Yangtze River, DealStreetAsia reported yesterday. The round included medical product distributor Jointown Pharmaceutical Group, DNV Capital, Ming Capital and Hubei Provincial High-Tech Industry Investment Group.
Intigriti, the Belgium-based operator of an online bug bounty platform, received €21.1m ($22.5m) in series B funding today from investors including energy utility EnBW’s corporate venturing unit, EnBW New Ventures. Venture capital firm Octopus Ventures led the round, which also featured existing backers including ETF Partners.
Classified listings operator Info Edge has participated in India-based telehealth platform developer Truemeds’ $22m series B round through corporate venturing subsidiary InfoEdge Ventures, the Economic Times reported today. WestBridge Capital led the round, which with Asha Impact and IAN Fund also contributing capital.
Oil and gas supplier Saudi Aramco’s Wa’ed investment arm co-led an $18.5m funding round for Saudi Arabia-based indoor farming technology provider Red Sea Farms with food and retail holding company Savola Group yesterday. They were joined by King Abdullah University of Science and Technology’s Kaust Innovation Fund and private investment vehicle OlsonUbben.
Bastion, the creator of a decentralised lending and stableswap protocol, has completed a $9m series A round featuring trading firms Jane Street and Jump Trading and cryptocurrency exchanges FTX and Crypto.com, the last three through Jump Crypto, FTX Ventures and Crypto.com Capital respectively. The round was led by Three Arrows Capital and also backed by Spartan Group, CMS and Hypersphere Ventures.
Japan-based compliance checking tool provider KYC Consulting Corporation raised an undisclosed amount today in a series B round backed by video game debugging service Pole To Win. It was joined by financial services firm Ogaki Kyoritsu Bank’s OKB Capital subsidiary and Angel Bridge.
Canada-based wealth management software provider OneVest received C$5m ($3.9m) in funding today from investors including financial services firm National Bank of Canada’s VC vehicle, NAventures. VC firm Luge Capital led the round, which also featured Omers Ventures, AAF Management, FJ Labs, Panache Ventures and undisclosed individuals.
Healthcare provider Vituity provided an undisclosed amount of funding for Fathom, a US-based developer of medical coding automation software, through innovation vehicle Inflect Health yesterday. The investment came 14 months after Fathom joined care provider Cedars-Sinai’s Accelerator initiative.
Stablecorp, the Canada-based creator of a digital deposit receipt tool for the Canadian dollar that was co-founded by blockchain technology provider Mavennet and crypto asset manager 3iQ, raised $1.5m yesterday from investors including digital currency prime broker Genesis and Circle Ventures, a subsidiary of digital payment technology producer Circle. They were joined in the round by Stellar Development Foundation, the non-profit promoter of the Stellar blockchain network, as well as 3iQ, Side Door Ventures, Borderless Capital and unnamed others.
Japan-based 3D mapping data provider Dynamic Map Platform raised an undisclosed amount today from real estate developer Hulic, which supplied the cash through its Hulic Startup 1 fund. The company had secured an undisclosed sum from Mitsubishi UFJ Capital, the VC arm of financial services firm Mitsubishi UFJ, last month.
M&A
Internet-of-things (IoT) service provider UnaBiz has been appointed the new owner of France-based, corporate-backed IoT technology producer Sigfox, which had entered bankruptcy protection in January this year, paying €25m ($26.7m) according to Enterprise IoT Insights. Sigfox had raised in excess of $300m from investors including corporates Salesforce, Air Liquide, Intel, Tamer, TotalEnergies, Engie, Eutelsat, SK Telecom, Telefónica and NTT Docomo as of its $160m series E round in 2016, at a reported valuation of almost $640m.
Customer management technology provider Fenergo purchased Sentinels, a Netherlands-based developer of software which monitors financial transactions to detect money laundering, in a deal of undisclosed size yesterday allowing payment infrastructure provider PPro to exit. PPro invested an undisclosed amount in Sentinels in September 2021, three months after Inkef Capital led a $7m seed round pushing the company’s total funding past $10m.
Money transfer service provider Nium agreed today to buy Socash, a Singapore-headquartered alternative payment network developer backed by financial services firm Standard Chartered’s SC Ventures unit and automation technology producer Glory, for an undisclosed sum. Both investors joined Vertex Ventures in a $6m series B round in 2019 that hiked the total raised by Socash to $13m.
Funds
Singapore-based venture capital firm Venturi Partners closed its first fund at $175m today, with conglomerate Ackermans & Van Haaren and Peugeot Invest, the holding group which sprung out of carmaker Peugeot, among the anchor investors. The other anchor is Frederic De Mevius, founder of investment group Verlinvest, and the limited partners include undisclosed European and Asian family offices.
US-headquartered innovation platform and venture capital investor Plug and Play launched in the UK today in partnership with automotive manufacturer Jaguar Land Rover and telecoms firm BT. The firm plans to reveal additional corporate partners shortly and is preparing for a Kick-Off Day slated to take place on 21 June this year.
Additional reporting by Liwen-Edison Fu.
