Private Equity
Santa Monica, California-based Prima, a plant wellness brand, has secured $3.275 million in seed funding. Lerer Hippeau led the round with participation from other investors that included Greycroft.
1 min read · 07 February 2019
Saudi Aramco Energy Ventures has hired Jim Sledzik as managing director and head of its North America practice. Previously, he was managing director at Hall Labs.
2 min read · 07 February 2019
Seattle-based KenSci, a machine learning and artificial intelligence-powered risk prediction platform for healthcare, has raised $22 million in Series B funding. Polaris Partners led the round with participation from Ignition Partners, Osage University Partners, Mindset Ventures and UL Ventures.
3 min read · 07 February 2019
Rebag, a luxury handbag brand, has secured $25 million in Series C funding. Novator led the round with participation from other backers that included General Catalyst and FJ Labs.
1 min read · 07 February 2019
Turbonomic, a provider of workload automation software, has secured an undisclosed amount of funding. The investor was Trend Forward Capital.
2 min read · 07 February 2019
South San Francisco-based Alector Inc, a biotechnology company focused on treating neurodegeneration, has raised $176 million for its IPO after pricing its 9.25 million shares at $19 per share. The stock began trading February 7, 2019 on the NASDAQ under the ticker symbol "ALEC." Morgan Stanley, BofA Merrill Lynch, Cowen and Barclays are the lead underwriters. Alector's pre-IPO backers include Deerfield Management, AbbVie Ventures, Federated Kaufmann Fund, Section 32, Euclidean Capital, Foresite Capital, Lilly Asia Ventures, New Leaf Venture Partners, Polaris Partners, OrbiMed, MRL Ventures, GV and the Dementia Discovery Fund.
2 min read · 07 February 2019
Recida Therapeutics Inc, a biopharmaceutical company focused on developing treatments for serious antibiotic-resistant infections, has raised $8.5 million in Series A funding. Frazier Healthcare Partners led the round.
1 min read · 07 February 2019
New York City-based HiberCell, a biotechnology company focused on preventing cancer relapse and metastasis, has launched with $60.75 million in Series A funding. ARCH Venture Partners led the round.
1 min read · 07 February 2019
Music streaming service Spotify has agreed to acquire two podcasting companies Gimlet Media and Anchor. No financial terms were disclosed. Gimlet's backers included Stripes Group, Refinery29, Blue Apron, Craftsy, Emerson Collective, Cross Culture Ventures, Betaworks and Graham Holdings.
4 min read · 07 February 2019
Charlottesville, Virginia-based ChartIQ, a financial technology company, has raised $17.4 million in Series B funding. Digital+ Partners led the round.
1 min read · 07 February 2019
