Private Equity
FoodLogiQ, a Durham, North Carolina-based provider of traceability, food safety and supply chain transparency software, has raised US$19.5 million in financing. Canadian impact venture capital firm Renewal Funds, an existing investor, led the round. It was joined by other investors, including Nicola Wealth Management, a Canadian asset manager and private investment counsel. FoodLogiQ, founded in 2006, said the funds raised will be used accelerate product enhancements, research and development, and expanded sales, marketing and customer success.
7 min read · 29 March 2018
Beijing-based ZhenFund is raising a fifth venture fund, Zhen Partners Fund V, targeted at $190 million, according to a regulatory filing.
1 min read · 29 March 2018
U.S. Venture Partners is seeking to raise $300 million for its 12th fund, according to an SEC listing. The Silicon Valley-based venture firm invests in information technology and healthcare.
1 min read · 29 March 2018
Benevity Inc has bought Versaic Inc, a San Mateo, California-based software company that helps manage corporate giving and social responsibility activity. No financial terms were released. Benevity, a Calgary-based online workplace giving, matching, volunteering and community investment software provider, said the acquisition, which comes on the heels of last month's buy of TrustCSR, will expand its grant management offerings. Established in 2008, Benevity in January secured an investment from General Atlantic. The company is also backed by JMI Equity.
3 min read · 29 March 2018
San Francisco-based Tempest Therapeutics, a biotechnology company, has closed $70 million in Series B financing. The investors included Versant Ventures, F-Prime Capital Partners, Quan Capital, Lilly Asia Ventures, Foresite Capital and Eight Roads Ventures.
1 min read · 29 March 2018
Scotty Labs, which is working on technology to enable people to remotely control self-driving cars, has raised $6 million in seed funding, according to a post by its CEO. Google's AI-focused fund Gradient Ventures led the round with participation from other investors that included Horizons Ventures, Hemi Ventures, Social+Capital and Neuron.vc.
1 min read · 29 March 2018
Austin, Texas-based Genprex Inc, a developer of immunogene therapy for non-small cell lung cancer, has raised $6.4 million for its IPO after pricing its 1.28 million shares at $5 per share. The stock began trading March 29, 2018 on the NASDAQ under the ticker symbol "GNPX." Network 1 Financial Securities Inc was the sole bookrunner. Genprex's pre-IPO backers include Inception Capital Management.
2 min read · 29 March 2018
Tech Valley, the big data technology and application service provider, has raised over $3.19 million in its Series A financing. CRRC-Times Fund and Green Pine Colorful Dream led the round.
1 min read · 29 March 2018
Branch International, an emerging markets finance app, has raised $70 million in Series B funding. The investors included CreditEase, International Finance Corporation, Andreessen Horowitz, Trinity Ventures and Victory Park.
1 min read · 29 March 2018
Midaxo, the developer of a cloud M&A platform, has raised 12.9 million euros in funding. Idinvest Partners led the round with participation from Tesi and EOC Capital.
1 min read · 29 March 2018
