Private Equity
Tampa, Florida-based CoLabs, a technology startup, has raised $4 million in seed funding. The investors were not named.
1 min read · 29 June 2018
Chapel Hill, North Carolina-based Rein, an insurtech company, has secured $7.3 million in funding. The investors included Liberty Mutual Strategic Ventures and Kiplin Capital.
1 min read · 29 June 2018
WelbeHealth, a healthcare company that provides care to medically frail seniors, has raised $15 million in Series B financing. Longitude Capital and Ulysses Diversified Holdings led the round with participation from Town Hall Ventures, F-Prime Capital and .406 Ventures. In conjunction with the financing, Dr. Gregory Grunberg, a managing director of Longitude Capital and Errik Anderson, founder and managing partner of Ulysses, joined WelbeHealth’s board of directors.
1 min read · 29 June 2018
Amazon said June 28 that it agreed to buy PillPack. Financial terms weren’t announced but press reports pegged the deal at about $1 billion. PillPack, of Manchester, New Hampshire, is an online pharmacy that offers pre-sorted doses of medications and home delivery. PillPack is backed by investors including Accel, Accomplice VC, Astral Capital and Charles River Ventures, according to PitchBook.
3 min read · 29 June 2018
The National Venture Capital Association continued campaigning on behalf of the International Entrepreneur Rule, submitting comments against rescinding the entrepreneurial program.
1 min read · 28 June 2018
MedCrypt, a medical device cybersecurity technology provider, has secured $1.9 million in seed funding. Eniac Ventures led the round with participation from Sway Ventures, Nex Cubed, Oronoco Investments and Friedman BioVentures.
1 min read · 28 June 2018
Austin, Texas-based Cerebri AI, which uses artificial intelligence and machine learning to measure customer success, has raised $5 million Series A funding. M12 led the round with participation from the University of Texas Horizon Fund, WorldQuant Ventures and Leawood Venture Capital.
1 min read · 28 June 2018
Waterloo-based education technology startup ApplyBoard has secured $13 million in a Series A financing. The round was led by U.S. venture capital firm Artiman Ventures and joined by existing investors, including 500 Startups, Candou Ventures and Think+. ApplyBoard, founded in 2015 by CEO Martin Basiri and CMO Meti Basiri, has created an artificial intelligence-enabled marketplace to help international students apply for study at post-secondary institutions worldwide. It has so far partnered with more than 750 North American educational institutions. ApplyBoard will use the funds raised for growth and to further develop its platform.
3 min read · 28 June 2018
BrightFarms, an operator of local greenhouse farms, has raised $55 million in Series D funding. Cox Enterprises led the round with participation from Catalyst Investors, WP Global Partners and NGEN Partners.
4 min read · 28 June 2018
South San Francisco, California-based Tricida Inc, a developer of oral drug therapies that treat patients with chronic kidney disease, has raised about $222.3 million for its IPO after pricing its 11.7 million shares at $19 per share. The stock began trading June 28, 2018 on the NASDAQ under the ticker symbol "TCDA." Goldman Sachs, J.P. Morgan Securities LLC and Cowen and Company LLC are the lead underwriters. Tricida's pre-IPO backers include Wellington Management Company LLP, Venrock Healthcare Capital Partners, Cormorant Asset Management, OrbiMed, Longitude Capital, Sibling Capital Ventures, Limulus Venture Partners and Vivo Capital.
2 min read · 28 June 2018
