Private Equity
San Francisco-based Tigera, an enterprise software company providing security and compliance solutions for Kubernetes platforms, has secured $30 million in Series B funding. Insight Venture Partners led the round with participation from return Madrona, NEA and Wing.
1 min read · 12 December 2018
Black Diamond Therapeutics, a Stony Brook, New York-based cancer precision medicine platform, has emerged from stealth with a US$20 million Series A financing. The round was backed by U.S. life sciences venture capital firm Versant Ventures. The company will use a share of the proceeds to set up operations in Toronto, giving it access to the city’s pool of computing talent. Black Diamond, the first startup launched out of Versant's Swiss discovery engine, is developing precision medicines directed against allosteric mutant oncogenes.
4 min read · 12 December 2018
Canada Pension Plan Investment Board (CPPIB) plans to continue deploying capital in China, despite political tensions between the two nations, CEO Mark Machin told Reuters. Following the arrest of Meng Wanzhou, Huawei Technologies Co Ltd’s CFO on December 1, China warned Canada it would face consequences if it did not immediately release her. “If we cut aside all of the rhetoric, I think China will take a mature, cool-headed attitude toward pragmatic negotiations, so we won’t get too much wild action,” Machin said. CPPIB has 8 percent of its funds invested in China and has previously indicated it plans to increase that significantly in the next few years.
3 min read · 12 December 2018
Nexthink, a provider of digital employee experience management software for enterprises, has secured $85 million in funding. Index Ventures led the round with participation from other investors that included Highland Europe, Forestay Capital, VI Partners, Auriga Partners, Galéo Capital and TOP Funds.
1 min read · 12 December 2018
Bowery, a farming startup, has raised $90 million in funding, according to a blog post. GV led the round with participation from other investors that included Temasek, Almanac Ventures, General Catalyst, GGV Capital and First Round Capital.
1 min read · 12 December 2018
InVision, a digital product design platform, has raised $115 million in Series F funding. Spark Capital led the round with participation from Goldman Sachs, Battery Ventures, ICONIQ Capital, Tiger Global Management, FirstMark, Geodesic Capital and Atlassian. In addition to the funding, Megan Quinn, a general partner at Spark Capital, will join InVision’s board of directors.
1 min read · 12 December 2018
PT Tokopedia, an Indonesian technology company, has secured $1.1 billion in its latest financing. SoftBank Vision Fund and Alibaba Group led the round with participation from other investors that included Softbank Ventures Korea.
1 min read · 12 December 2018
Ireland's Accenture (NYSE: ACN) has agreed to acquire select professional services assets of Zafin, a Toronto-based provider of banking solutions software. Terms weren't released for the deal, which is expected to close in Q1 2019. Founded in 2002 by CEO Al Karim Somji, Zafin's technology supports pricing, product and customer strategies for more than 35 global banks. Accenture said the transaction will enhance its capabilities in financial innovation and modernization. Accenture will also serve as a preferred integrator of Zafin's platform as part of a joint go-to-market strategy. Zafin's investors include Beedie Capital, Kayne Partners and Vistara Capital Partners.
3 min read · 12 December 2018
EduLab Capital Partners is seeking to raise $15 million for its debut fund, according to an SEC filing. Boston-based EduLab Capital Partners invests in edtech.
1 min read · 12 December 2018
Massachusetts-based-based SeLux Diagnostics, a developer of a next generation phenotyping platform, has raised $25 million in Series B financing, according to a source familiar with the transaction. Sands Capital Ventures led the round with participation from RA Capital Management, Schooner Capital and Northpond Ventures.
1 min read · 12 December 2018
