Private Equity
San Diego-based Erasca, a cancer drug developer, has raised $64 million in Series A financing round. The investors included ARCH Venture Partners, Andreessen Horowitz and Reneo Capital.
1 min read · 05 March 2019
Los Angeles and New York-based Max-bone, an elevated pet label, has raised an undisclosed amount of Series A funding. Colle Capital led the round with participation from Cooley LLP.
1 min read · 05 March 2019
Wavecrest Growth Partners has raised over $190 million for its debut fund. The fund's investors included public pension funds, endowments and foundations, fund-of-funds, insurance companies and family offices. Troy Investment Advisors was placement agent for the fund while Gunderson Dettmer provided legal counsel.
3 min read · 05 March 2019
Ubiquity Ventures has invested in six "software beyond the screen" startups: Eclypsium, Elementary Robotics, Halter, Levi Technologies, Parallel Domain and Shoonya. No financial terms were disclosed.
1 min read · 05 March 2019
Route 66 Ventures has promoted Pat Wilson to partner. Currently, Wilson holds board positions at Motionsoft, Digital Insurance Group, AMP Merchant Technologies and Vemo Education.
2 min read · 05 March 2019
Seventure Partners has raised an undisclosed sum for its second fund focused on the microbiome and health, nutrition and digital/connected health sectors. The target of Health for Life Capital II is over 200 million euros. The fund's investors include an unnamed U.S. based global food ingredient provider.
4 min read · 05 March 2019
Australian mining company BHP has invested $7.9 million (US$6 million) in Carbon Engineering Ltd (CE), a Squamish, British Columbia-based emissions reduction company. The investment comes two months after CE secured undisclosed financing from Occidental Petroleum Corp and Chevron Corp. The company told Reuters it expects to raise US$60 million by the end of Q1 2019. CE makes technologies that remove carbon dioxide from the air and convert it into clean transportation fuels. It emerged in 2009 from research conducted at the University of Calgary and Carnegie Mellon University. Led by CEO Steve Oldham, CE will use the funds raised for its global commercialization strategy.
4 min read · 05 March 2019
San Jose, California-based Functionize, creator of a cloud-based software testing solution, announced it has raised a $16 million Series A round led by Canvas Ventures. The round included undisclosed investors. As part of the funding, Canvas General Partner Gary Little has joined the board.
1 min read · 05 March 2019
Pie Insurance said March 5 that it raised $45 million in a series B funding round. Investors included SVB Capital, Sirius Group, Greycroft, Moxley Holdings, Aspect Ventures, and Elefund. Pie, of Washington D.C., provides workers’ compensation insurance directly to small businesses.
2 min read · 05 March 2019
500 Startups Japan announced that it has raised its next fund under the new brand name of Coral Capital. The $45 million fund will involve the same people and continue to invest in seed-stage startups in Japan. The firm raised an oversubscribed $35 million fund for its inaugural effort in 2017 under the 500 Startups name. Founding Partner and CEO James Riney said in a blog post that the new fund was raised in less than three months.
1 min read · 05 March 2019
