North America

DroneDeploy snags $35 mln Series D

DroneDeploy, an enterprise-grade drone software solution, has raised $35 million in Series D funding. Bessemer Venture Partners led the round. In addition to the funding, David Cowan, a partner at Bessemer, will join DroneDeploy's board.

Concord and AHA launch $50 mln healthcare fund

Concord Health Partners and American Hospital Association have launched a $50 million venture fund. The fund will invest in early-stage healthcare companies.

Conservation Labs grabs $1.7 mln seed

Conservation Labs Inc, a maker of smart water monitors, has raised $1.7 million in seed funding. IrishAngels led the round with participation from the Amazon Alexa Fund, Serra Ventures, Mountain State Capital and Innovation Works.

Merck buys Calporta for $576 mln

Merck has acquired Calporta Therapeutics, a portfolio company of COI Pharmaceuticals, which is backed by Avalon Ventures. The purchase price was $576 million. Calporta is developing selective small molecule agonists of TRPML1.

Chinese EV firm Xpeng Motors pulls in $400 mln Series C

Xpeng Motors, a Chinese electric vehicle company, has secured $400 million in Series C funding. The investors included Xiaomi Corporation.

Reonomy pulls in $60 mln Series D

Risalto Health inks $7 mln

Risalto Health, a digital health services company focused on musculoskeletal care, has raised $7 million in funding. The investor was Health Catalyst Capital Management.

Avidity Biosciences fetches $100 mln Series C

La Jolla, California-based Avidity Biosciences, a biotechnology company, has secured $100 million in Series C financing. RTW Investments led the round. In addition to the funding, Dr. Roderick T. Wong, a managing partner of RTW Investments, will join Avidity Biosciences’ board of directors.

Sera Prognostics lands $36 mln Series D

Salt Lake City-based Sera Prognostics Inc, a health diagnostics company, has secured $36 million in Series D funding. Blue Ox Healthcare Partners led the round with participation from other investors that included Domain Associates, InterWest Partners, Laboratory Corporation of America Holdings, Catalyst Health Ventures and Chione Ltd.

Elektra Labs collects $2.9 mln seed

Elektra Labs, a healthcare-security company, has raised $2.9 million in seed funding. Maverick Ventures led the round with participation from other investors that included Arkitekt Ventures, Boost VC, Founder Collective, Lux Capital, SV Angel and Village Global.