New Enterprise Associates related stories
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Balderton leads funding in Frontier Auto GroupBerlin-based Frontier Auto Group, which operates online marketplaces for the used auto sector in emerging markets, announced it has raised $22 million in funding. Balderton Capital led the round, which also included New Enterprise Associates, TPG/Satya Capital, EchoVC, Partech Ventures and a few large global family offices. The company said it will use the funds to grow in Mexico, Chile, Turkey, Nigeria and Pakistan.
- Echodyne takes in $29 mln Series B
Echodyne Corp, a provider of data for autonomous machines and vehicles, has secured $29 million in Series B financing. New Enterprise Associates led the round with participation from other investors that included Bill Gates, Madrona Venture Group, Vulcan Capital, Lux Capital and The Kresge Foundation.
Pixelworks to acquire ViXS Systems in $28 mln dealPixelworks Inc (NASDAQ: PXLW) has agreed to acquire ViXS Systems Inc (TSX: VXS), a Toronto-based provider of media processing, encoding and transcoding solutions. The all-stock transaction is valued at about $28 million (US$20.2 million). Pixelworks, a U.S. visual processing solutions provider, said the deal will accelerate its development of end-to-end video streaming solutions. Founded in 2001, ViXS Systems was venture-backed before going public in 2013. The company's founding investor, Canadian venture capital firm Celtic House Venture Partners, remains a shareholder, as does New Enterprise Associates. The acquisition is expected to close in Q3 2017.
- GE Ventures backs Tamr
GE Ventures had made an investment in Tamr Inc, a data unification company. No financial terms were disclosed. In addition to the funding, Lisa Coca, a managing director at GE Ventures, has joined Tamr's board of directors as an observer.
- Shipping app Fetchr picks up $41 mln Series B in NEA-led round
Dubai-based Fetchr, a shipping app, has raised $41 million in Series B financing. New Enterprise Associates Inc led the round with participation from other investors that included Nokia Growth Partners, Raed Ventures, Iliad Partners, BECO Capital, YBA Kanoo, Venture Souq and Swicorp.
- Synlogic mergers with Mirna Therapeutics
Synlogic Inc said May 16 that it has agreed to merge with a subsidiary of Mirna Therapeutics Inc. Synlogic also recently closed a $42 million Series C preferred stock financing from investors including Aju IB Investment, Ally Bridge Group, Arctic Aurora LifeScience, CLI Ventures, Perceptive Advisors, Rock Springs Capital, and others. Existing investors, Atlas Venture, Deerfield, New Enterprise Associates, and OrbiMed also participated. Synlogic, of Cambridge, Massachusetts, is developing a class of living medicines.
- AppOnboard raises $4 mln
AppOnboard Inc said May 12 that it raised $4 million from Troy Capital Partners and London Venture Partners. Also participating were a syndicate of VCs and CxO executives including the original creator of Google AdSense AppOnboard. AppOnBoard, of Los Angeles, provides technology that lets end users experience an app before choosing to download from the App Store.
- Intrinsic Therapeutics raises $28 mln
Intrinsic Therapeutics Inc said May 10 it raised a $28 million equity round co-led by New Enterprise and Delos Capital, along with a $21 million debt facility with CRG. Other investors include Greenspring Associates, Quadrille Capital and a corporate strategic. Intrinsic, of Boston, is a medical device company.