US

Oxford Finance provides $60 mln to VC-backed RefleXion Medical

Oxford Finance LLC has provided a $60 million loan to Hayward, California-based RefleXion Medical Inc, a biotargeting oncology company. Armentum Partners served as financial adviser to RefleXion Medical on the financing. RefleXion is backed by TPG Growth/The Rise Fund, Sofinnova Partners, KCK Group, Venrock, T. Rowe Price Associates, Inc, GT Healthcare Capital Partners, Pfizer Venture Investments and Johnson & Johnson Innovation, JJDC Inc.

Animoca Brands invests $750k in Brinc

Animoca Brands Corp Ltd said May 1 that it is investing $750,000 worth of shares into Brinc, a venture accelerator. Artesian is also investing $750,000 in Brinc AOA, which provides fee-based training and guidance to incubators, accelerators, and investment companies.

Adams Street to raise seventh growth fund

Adams Street Partners has set out to raise a seventh growth fund, according to a filing with the SEC.

MATH Venture Partners raises $46 mln early-stage fund

MATH Venture Partners said it closed a $46 million second early-stage venture capital fund to back technology companies.

Pangaea Ventures raises $70 mln for fourth advanced-materials fund

Canadian venture capital firm Pangaea Ventures has closed its fourth advanced-materials fund, raising about $70 million in commitments. Pangaea Ventures Fund IV was backed by a range of limited partners, including VanCity and BC Tech Fund, managed by Kensington Capital Partners. Pangaea also increased its strategic investors to twenty-five. Fund IV backers include existing investors CoorsTek, JSR and Mitsubishi Chemical Holdings and new investors Adidas, Doosan, Henkel, Lam Research, PTT Global, Sekisui, Severstal, Shin-Etsu and TOSOH.

Cofounders Capital raised over $31 mln towards a $50 mln second fund

Cushion rallies $2.8 mln seed

Cushion, an app that helps U.S. consumers negotiate their bank and credit card fees, has raised $2.8 million in seed funding. The backers were Afore Capital, 9Yards Capital, Flourish, Green Cow Venture Capital and Vestigo Ventures.

Motus Ventures to raise $30 mln for new fund

Redwood City, California-based Motus Ventures is seeking to raise $30 million for its smart world innovation fund. The fund will focus on artificial intelligence, robotics and internet of things technologies.

Altice USA to acquire VC-backed Cheddar for $200 mln

Altice USA has agreed to acquire Cheddar, a digital-first news company, for $200 million. LionTree Advisors provided financial advice to Cheddar on the deal while Cooley served as legal counsel. Cheddar's backers include Lightspeed Venture Partners, Raine Ventures, Altice USA, Comcast Ventures, AT&T, Ribbit Capital, The New York Stock Exchange, Goldman Sachs, Liberty Global, Amazon, Homebrew, WGI Group, 7 Global Capital, Antenna Group and Dentsu Ventures.

Biolux Research fetches $14 mln Series A

Biolux Research, an orthodontic device maker, has secured $14 million in Series A funding. Venrock led the round with participation from other investors that included Correlation Ventures. Also, Biolux has named David Thrower as CEO.