US

Tech Pioneers Fund to raise $50 mln venture-capital fund

The Tech Pioneers Fund has set out to raise a $50 million venture-capital fund, according to a filing with the SEC.

Cannabis tech startup Seedo nets $4 mln

Cannabis tech startup Seedo has raised $4 million in funding. SodaStream CEO Daniel Birnbaum led the round. In conjunction with the funding, Birnbaum will join Seedo's board of directors.

Arteaus Therapeutics sells royalty interest in Emgality for $260 mln

Arteaus Therapeutics, a biotech development company co-founded by Atlas Venture and OrbiMed, has sold its royalty interest in Eli Lilly and Company's Emgality to Royalty Pharma for $260 million. Morgan Stanley was sole structuring agent on the monetization. Wilmer Cutler Pickering Hale and Dorr LLP served as legal adviser to Arteaus while Jones Day and Maiwald served as legal advisers to Royalty Pharma.

German food logistics startup Fliit snags Series A funding

Fliit, a German food logistics startup, has raised 10 million euros in Series A funding, according to a blog post on its site. The investors included Maersk Growth and Berlin Technologie Holding.

BillionToOne fetches $15 mln Series A

Menlo Park, California-based BillionToOne, a precision diagnostics company, has raised $15 million in Series A funding. Hummingbird Ventures and NeoTribe Ventures led the round with participation from Y Combinator, Civilization Ventures, Fifty Years, 500 Startups Istanbul and HOF Capital.

SpringWorks Therapeutics grabs $125 mln Series B

Stamford, Connecticut-based SpringWorks Therapeutics Inc, a clinical-stage biopharmaceutical company focused on developing life-changing medicines for patients with severe rare diseases and cancer, has raised $125 million in Series B financing. Perceptive Advisors led the round.

Women's health tech startup NextGen Jane locks in $9 mln Series A

Women's health tech startup NextGen Jane has secured $9 million in Series A funding. Material Impact led the round with participation from other backers that included Access Industries, Viking Global Investors and Liminal Ventures.

Medical device software company Fifth Eye snags $11.5 mln Series A

Ann Arbor, Michigan-based Fifth Eye, a medical device software company, has secured $11.5 million in Series A funding. Arboretum Ventures and Cultivation Capital led the round.

CollegeVine lands $24 mln Series B

Cambridge, Massachusetts-based CollegeVine, a provider of high school guidance and college admissions advising, has secured $24 million in Series B funding. The investors were Maywood Street Investments, Fidelity Investments, Morningside Technology Ventures and University Ventures.

Restaurant management platform Toast inks $250 mln Series E

Boston-based Toast, a restaurant management platform in North America, has raised $250 million in Series E funding. TCV and Tiger Global Management led the round with participation from other investors that included Bessemer Venture Partners, Lead Edge Capital and T. Rowe Price Associates Inc.