Luisa Beltran

SoftBank leads $1.25 bln round for OneWeb

OneWeb said March 18 that it raised $1.25 billion in new capital led by SoftBank Group Corp, Grupo Salinas, Qualcomm Technologies Inc, and the government of Rwanda. OneWeb is a global communications company.

Theranica raised $35 mln

Theranica said March 18 that it raised $35 million in a Series B round led by aMoon. All existing investors of the company – Lightspeed Venture Partners, LionBird, Corundum Open Innovation and Takoa – participated in the round. Theranica is a bio-medical technology company developing advanced electroceuticals for migraine and other prevalent diseases.

Courtney joins Priority Power Management

Priority Power Management LLC, which is backed by Ara Partners Group, said March 18 that it hired Justin Courtney as executive vice president and CFO. Courtney most recently was a managing director at Stephens Inc.

TPG Sixth Street commits $175 mln to Sunseeker Resorts Charlotte

TPG Sixth Street Partners has committed $175 million to the development of Sunseeker Resorts Charlotte Harbor, Allegiant Travel Co's planned resort in the Charlotte County / Punta Gorda area in southwest Florida. The commitment represents the first in a potential $1 billion partnership to develop the Sunseeker Resorts imprint.

CDPQ launches $250 mln fund dedicated to AI

Caisse de dépôt et placement du Québec said March 18 that it has created a fund dedicated to Québec businesses with a track record in artificial intelligence. CDPQ has funded the pool with a $250 million envelop.

Goldman Sachs Asset Management to buy S&P investment advisory services

Goldman Sachs Asset Management said March 18 that it agreed to buy Standard & Poor's investment advisory services from S&P Global Market Intelligence, a division of S&P Global. Financial terms weren’t announced. SPIAS provides non-discretionary investment advice across institutional sub-advisory and intermediary distribution channels. It advised on more than $33 billion in assets across multi-asset, equity and fixed income strategies as of December 31, 2018.

Karuna Therapeutics raises $68 mln

Karuna Therapeutics Inc said March 18 that it raised a $68 million Series B round led by ARCH Venture Partners. Participating in the round were Fidelity Management & Research Co, Eventide Asset Management, Pivotal bioVenture Partners, Partner Fund Management, Wellcome Trust, Sands Capital, Alexandria Venture Investments, and founder PureTech Health. Karuna focuses on targeting muscarinic cholinergic receptors for the treatment of neuropsychiatric disorders including psychosis in schizophrenia, psychosis in Alzheimer’s disease, and pain. Karuna, with the $68 million round, plans to issue $5 million in shares upon conversion of debt into equity.

Imara raises $63 mln

Imara Inc said March 18 that it raised $63 million in a Series B financing round co-led by OrbiMed Advisors and Arix Bioscience plc. Participating were RA Capital and Rock Springs Capital. Existing investors New Enterprise Associates, Pfizer Venture Investments, Lundbeckfonden Ventures, Bay City Capital, and Alexandria Venture Investments also took part. Imara is a clinical-stage biopharmaceutical company focused on sickle cell disease and other hemoglobinopathies.

Cold Gensys raises $22 mln

Cold Gensys Inc said March 18 that it raised $22 million in a Series C round led by ORI Healthcare Fund LP. Perseverance Capital Management participated in the round. Cold Genesys is a clinical-stage biopharmaceutical company focused on the development of immunotherapies.

CoinNess raises series A funding

CoinNess said it raised a series A round in the “millions of dollars” range, led by ShunWei Capital, QF Capital, and FreesFund. Coinnet, a blockchain information platform, provides crypto/blockchain news, market data, and community, to more than three million users.