US

Indonesian lender Julo grabs $10 mln

Julo, an Indonesian lender, has secured $10 million in funding. Quona Capital, a leading fintech venture firm whose funds are sponsored by Accion, led the round with participation from return backers Skystar, East Ventures, Provident, Gobi Partners and Convergence.

Curamir Therapeutics lands $10 mln Series A

Woburn, Massachusetts-based Curamir Therapeutics, a biotech firm, has secured $10 million in Series A funding. The investor was Delos Capital.

Cresco Capital leads $25 mln round for Future State Brands

Los Angeles-based Future State Brands, a cannabis-focused consumer goods and marketing company, has secured $25 million in funding. Cresco Capital led the round.

Longitude Venture Partners targets $550 mln for fourth fund

Longitude Venture Partners is seeking to raise $550 million for its fourth fund, according to an SEC filing. The California-based venture firm invests in biotech and medical tech companies.

Bold Penguin inks $32 mln Series B

Columbus, Ohio-based Bold Penguin, a commercial insurance technology provider, has raised $32 million in Series B funding. The investors included Hudson Structured Capital Management Ltd., Lightstone, Guggenheim Insurance and Lockton.

VR fitness company and community takes in $1.1 mln

San Francisco-based YUR, a virtual reality fitness company and community, has raised $1.1 million in funding. The Venture Reality Fund and BoostVC led the round.

UAVenture backs CarboShield and Medicarbone

UAVenture Capital has invested in CarboShield Inc, a developer of a way to strengthen thousands of aging steel, concrete and wood bridges. Also, the Tucson, Arizona-based venture firm has invested in Medicarbone Inc, the patent holder of a flexible carbon fiber fabric inserted inside and around a fractured bone. No financial terms were disclosed.

DustPhonics scores $25 mln

Israel and California-based DustPhotonics, a provider of optical modules, has secured $25 million in funding. Intel Capital led the round with participation from other investors that included WRVI Capital.

Drum rakes in nearly $11 mln seed

Atlanta-based Drum, an on-demand network sales force platform, has raised nearly $11 million in seed funding. The investors included Propel Venture Partners, Felicis Ventures, BlueRun Ventures, American Express Ventures, GroTech Ventures, Wildcat Venture Partners, BoxGroup and SV Angel.

4Front expands board with two new additions

Cannabis-focused investment firm 4Front Ventures Corp has appointed Kathi Lentzsch and Betty Aldworth to its board of directors. Lentzch is the CEO and president of Bartell Drugs while Aldworth is the executive director for Students for Sensible Drug Policy.