Funding
China-based ventricular assistance device developer CH Biomedical has completed a series D round of undisclosed size featuring pharmaceutical commercialisation firm Baheal Pharmaceutical Group, DealStreetAsia reported on Friday. Sequoia Capital China led the round, investing with Lake Bleu Capital, Linden Asset Group, Longmen Capital and HosenCare Brothers. The company had reportedly closed six earlier rounds and its earlier investors included Baheal, HosenCare Brothers, Oriza Seed Capital, FC Capital, Share Capital and Xiyee Asset.
EV Growth, the joint venture formed by internet company Yahoo Japan’s YJ Capital unit, conglomerate Sinar Mas’s SMDV subsidiary and venture capital firm East Ventures, has led a $17.5m series A-plus round for Alami, the Indonesia-based operator of a peer-to-peer online lending platform, DealStreetAsia reported on Friday, citing three people familiar with the matter. Quona Capital, AC Ventures and Golden Gate Ventures also backed the round, which followed an undisclosed amount of pre-seed funding from Tryb Group in May 2019, $1.5m in seed capital from Golden Gate Ventures, Agaeti Venture Capital, RHL Ventures and angel investor Amir Rahim six months later, and $20m in debt and equity financing from AC Ventures, Golden Gate and Quona Capital in January this year.
Intel Capital, a subsidiary of semiconductor and data technology provider Intel, has led a $12m series A round for Motivo, a US-based developer of chip design data technology, that included Storm Ventures, Seraph Group and existing backers including Inventus Capital. The company said it had previously raised $8m, a figure that included a $950,000 round in 2018 led by Justin Mortara that included other individuals as well as Wisconsin Economic Development Corporation and Milwaukee Economic Development Corporation.
Humanoo, a Germany-based provider of digital health schemes for client employees, completed a $10m series B round on Friday that included insurance firms Sanitas, CSS and Helsana, the last two through Swiss Health Ventures and Helsana Health Invest respectively. The corporates were joined by Verve Ventures, and the round came after $6.2m in series A funding in 2018 from DvH Ventures, the VC affiliate of several publishers, in addition to e-commerce holding company Rocket Internet, Creathor Ventures and existing investor Rheingau Founders.
TitletownTech, the VC firm with several corporate backers, has co-led a $5.2m seed round for US-based sports training technology developer StatusPro with VC fund KB Partners. The round included Verizon Ventures and 49ers Enterprises – on behalf of telecommunications firm Verizon and American football franchise the San Francisco 49ers – as well as sports asset holding company Haslam Sports Group, private equity fund SC Holdings and VC firm Greycroft.
BCG Digital Ventures, the corporate venturing arm of consulting firm Boston Consulting Group, revealed today it has invested undisclosed amounts in three Sinagpore-based, maritime-focused companies alongside maritime services provider Misc Group. The recipients were risk assessment technology developer Sol-X; Chord X, a provider of maritime data analytics software; and inventory management software developer Spares CNX.
US-headquartered hempseed cosmetics brand High Beauty completed a $4.2m bridge round on Friday, raising the capital from 18 investors including printing services firm Consolidated Design West, law firm Stubbs Alderton & Markiles’ SAM Venture Partners affiliate and ARI Holding, an affiliate of High Beauty distributor PIF.VC. The round was led by $1.1m from RIV Capital and also featured Treehouse Global Ventures and Highlands Venture Partners. It followed a $2.5m investment by cannabis investment firm Canopy Rivers in April 2019.
VC firm Aura Ventures has led a A$5m ($3.7m) funding round for Lygon, an Australia-based digital banking technology developer formed as a joint venture by financial services firms ANZ, Westpac and Commonwealth Bank, shopping centre operator Scentre Group and computing equipment manufacturer IBM, Australian Financial Review reported on Friday. The company was launched by the corporates in September 2020.
Syntr Health Technologies, a US-based adipose tissue processing system developer based at University of California, Irvine’s University Lab Partners wet lab incubator, has raised $2.2m in seed financing from undisclosed existing backers, angel investors and surgeons. The cash will go to building out sales infrastructure to support the company’s SyntrFuge System, which has secured US Food and Drug Administration approval.
