Private Equity
Progyny, a fertility benefits management company, has raised $130 million for its IPO after pricing its 10 million shares at $13 per share. The stock began trading October 25, 2019 on the NASDAQ under the ticker symbol "PGNY." JP Morgan, Goldman Sachs and BofA Securities are the lead underwriters. Progyny's pre-IPO backers include Kleiner Perkins, TPG Biotech and Union Grove Venture Partners.
3 min read · 25 October 2019
Menlo Park, California-based Phathom Pharmaceuticals, a biopharmaceutical company focused on treating gastrointestinal diseases, has raised about $181.7 million for its IPO after pricing its over 9.5 million shares at $19 per share. The stock began trading October 25, 2019 on the NASDAQ under the ticker symbol "PHAT." Goldman Sachs, Jefferies and Evercore ISI are the lead underwriters. Phathom's pre-IPO backers include Frazier Healthcare Partners, Medicxi, RA Capital Management, Abingworth, BVF Partners LP, Greenspring Associates, Richard King Mellon Foundation and Sahsen.
2 min read · 25 October 2019
Fountain Medical Development Limited, a healthcare services company, has raised $62 million in Series D financing. Goldman Sachs and Lilly Asia Ventures led the round.
1 min read · 25 October 2019
Brooklyn Park, Minnesota-based ShiraTronics Inc, a private medical device company, has raised $33 million in Series A financing. USVP, Amzak Health and Strategic HealthCare Investment Partners led the round with participation from other investors that included Aperture Ventures and LivaNova PLC.
1 min read · 25 October 2019
Irving, Texas-based TF Holdings, a software and financial services company, has promoted Ranga Kothamasu to president. Kothamasu first joined the firm in 2011 as a director of risk management. TF Holdings is backed by Sequoia and Technology Crossover Ventures.
2 min read · 25 October 2019
San Francisco seed-stage fund Refactor Capital, founded David Lee of SV Angel and Zal Bilimoria of Andreessen Horowitz, announced earlier this week the close of its second fund at $30 million, according to a regulatory filing, which said the funding was raised by 37 backers.
1 min read · 24 October 2019
Total Expert, a marketing and customer engagement technology platform for banks, lenders and financial services, has raised $52 million in Series C funding. Georgian Partners led the round with participation from Emergence and Rally Ventures.
1 min read · 24 October 2019
Tonkean, a robotic automation and management platform for business operations, has closed $7.2 million in seed funding. Foundation Capital led the round with participation from Magma Venture Partners and Slow Ventures. In conjunction with the funding, Joanne Chen, a partner at Foundation Capital, is joining Tonkean's board of directors.
1 min read · 24 October 2019
OctoML, a new deep learning startup, has secured $3.9 million in seed financing. Madrona Venture Group led the round with participation from Amplify Partners.
1 min read · 24 October 2019
Gallant, an animal biotech firm, has raised $11 million in funding. The investors included Maveron, Bold Capital Partners, Bling Capital and Science Inc.
1 min read · 24 October 2019
