Private Equity
Netherlands-based AM-Pharma, a clinical-stage biopharmaceutical company focused on developing a treatment for acute kidney injury, has raised $133 million in funding. LSP and Andera Partners led the round.
1 min read · 16 July 2019
UK-based AppyParking, a curbside management and mobility technology firm, has secured 7.6 million million in Series A funding. The investors included Hyundai Motor Company, Sumitomo Corporation, West Hill Capital, Aviva Ventures and Breed Reply.
1 min read · 16 July 2019
Toronto-based contextual data intelligence company Flybits has raised about $46 million (US$35 million) in a Series C financing. The round was led by Point72 Ventures, the venture capital fund of U.S. billionaire Steve Cohen. It was joined by Mastercard, Citi Ventures and Reinventure, as well as existing investors Portag3 Ventures, TD Bank Group and Information Venture Partners. Founded in 2013 by CEO Hossein Rahnama, Flybits leverages data science to help banks and other financial institutions connect with customers through more personalized experiences. It will use the funds raised to grow global teams, commercialize artificial-intelligence and machine-learning patents, enhance its technology, and develop a marketplace for creating new services.
5 min read · 16 July 2019
Miami-based Neocis Inc, a provider of a robot-assisted surgical platform for the dental industry, has secured $30 million in financing. The investors included Mithril Capital Management and Norwest Venture Partners. In addition to the funding, Dr. Robert Mittendorff, a partner at Norwest Venture Partners, will join the Neocis board of directors.
1 min read · 16 July 2019
Salt Lake City-based Recursion Pharmaceuticals, a next-gen biopharma company, has secured $121 million in Series C financing. Baillie Gifford’s flagship investment trust Scottish Mortgage Investment Trust PLC led the round.
1 min read · 16 July 2019
Echo Health Ventures has named Jonathan R. Eide as chief operating officer and Karim Botros as managing partner. Prior to joining EHV, Eide was a partner at Robinson, Bradshaw & Hinson while Botros worked as the chief strategy and innovation officer at Cleveland-based MetroHealth System.
3 min read · 16 July 2019
Pelion Venture Partners is seeking to raise $250 million for its seventh fund, according to an SEC filing. Based in Salt Lake City, the venture firm was founded in 1986.
1 min read · 16 July 2019
Invitae Corporation has agreed to acquire Jungla, a provider of an AI-driven biotech firm, for about $50 million. Latham & Watkins advised Jungla on the transaction. Jungla is backed by Andreessen Horowitz.
5 min read · 16 July 2019
Notable, a provider of a clinically validated AI platform focused on cancer drug development, has raised $40 million in Series B funding. B Capital Group and LifeForce led the round.
1 min read · 16 July 2019
Capital Rx, a next generation pharmacy benefits manager, has raised $12 million in financing. Edison Partners leads the round.
1 min read · 16 July 2019
