The Overseas Private Investment Corporation, a federal agency that helps American businesses invest in emerging markets, has launched a venture capital program that will invest in later-stage venture funds supporting developing economies. So far, the initiative has made an undisclosed investment in Iron Pillar, which provides growth capital to technology businesses in India.
3 min read · 05 October 2018
Lafayette, Colorado-based Front Range Biosciences, a cannabis biotech company, has raised $10 million in Series A financing. The investors included Phyto Partners, WelCan Capital, Salveo Capital, Cornerstone Opportunity Partners, Sand Hill Angels, Harvard Business School Alumni Angels of New York, New York Angels and Altitude Investment Management.
1 min read · 05 October 2018
Kraft Heinz has launched Evolv Ventures, a Chicago-based venture fund focused on food tech companies. Kraft Heinz has committed up to $100 million to Evolv and has named Bill Pescatello, a former partner at Lightbank, to lead the fund.
2 min read · 05 October 2018
5AM Ventures is seeking to raise $350 million for its fourth fund, according to an SEC filing. Based in San Francisco and Boston, the venture firm invests in early-stage life science companies.
1 min read · 05 October 2018
Humbition, a newly launched early-stage venture firm focused on founder-led companies in New York City, has raised $30 million for its new fund. Zocdoc founder Cyrus Massoumi and Indiegogo founder Slava Rubin lead Humbition.
3 min read · 05 October 2018
San Francisco-based Brex, a corporate card for startups, has raised $125 million in Series C funding. Greenoaks Capital and DST Global led the round.
2 min read · 05 October 2018
Canton, Michigan-based Fusion Coolant Systems, a provider of advanced coolant and lubrication systems, has raised $8 million in Series C financing. Material Impact and Michigan Capital Advisors led the round with participation from other investors that included MINTS- Michigan Investment in New Technology Startups, Amherst Fund and Invest Michigan.
1 min read · 05 October 2018
Stay Alfred, a provider of alternative accommodations for travelers, has secured $47 million in Series B funding. Nine Four Ventures led the round.
1 min read · 05 October 2018
UK-based Huel, a nutritionally complete meal alternative, has secured $26 million in funding. The investor was Highland Europe.
4 min read · 05 October 2018
Horizon Technology Finance Corp has provided a $15 million venture loan facility to CSA Medical Inc. Based in Lexington, Massachusetts, CSA Medical is a producer of cryotherapy medical devices.
3 min read · 05 October 2018
