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Korro Bio inks $91.5m Series AKorro Bio Inc, a RNA therapeutics company, has secured $91.5 million in Series A financing.
- Patreon grabs $90m Series E: Variety
San Francisco-based Patreon, a patronage platform that supports artists, has raised $90 million in Series E funding, reported Variety.
How emerging managers can secure fund commitments amid covid-19It pays to have a network of connections and a track record. Otherwise, getting those LP commitments in a virtual world is next to impossible for emerging managers.
NEA leads funding in start-up GRIDGRID in Iceland has raised $12 million in Series A funding led by New Enterprise Associates. Existing investors BlueYard Capital, Slack Fund, Acequia Capital and other strategic partners also participated.
Side Letter: Apax valuations, North Carolina growth gains, KKR's new hiresNorth Carolina has been surprised on the upside by its VC and growth portfolio. Plus: Apax updates; KKR's new hires and why DFIs need to step up to the plate. Here's today's brief, for our valued subscribers only.
Connecticut pension sees success investing through its separately managed accountThe Connecticut Retirement Plans and Trust Funds is working to decrease its exposure to venture, but says it will continue to invest in its successful SMA initiative.
- Travel booking app Omi fetches $100m: TechCrunch
Berlin-based Omio, a travel booking app, has secured $100 million in funding, reported TechCrunch.
Much more than covid-19 is behind the biotech boomAppetite for biopharma is on the rise as investors want to back scientific advances and the recession-proof sector, and generalist VCs don’t want to miss out on potential outsized returns.
SCERS commits to a new manager and nearly matches its 2019 VC totalThe pension commits $20m to CRV XVIII and brings its venture commitment total to $40m for the year, bringing the portfolio just shy of the $45m that was invested in 2019.
VC-backed Zumper taps Goode as CMOZumper, a rental marketplace, has named Darren Goode as chief marketing officer.