US

Prescription digital medicine company Akili inks $55 mln Series C

Boston and San Francisco Bay Area-based Akili Interactive, a prescription digital medicine company, has secured $55 million in Series C financing. Temasek led the round with participation from other investors that included Baillie Gifford, Amgen Ventures, M Ventures, JAZZ Venture Partners, Canepa Advanced Healthcare Fund and Brooklands Capital Strategies.

Tailor Brands picks up $15.5 mln Series B

New York and Tel Aviv-based AI branding startup Tailor Brands has raised $15. 5 million in Series B funding. Pitango Venture Capital Growth Fund and British Armat Group led the round with participation from Disruptive Technologies L.P and Mangrove Capital Partners.

The Fabric and EVO Venture Partners form a joint venture

The Fabric, a co-creation foundry with a focus on cloud and IoT infrastructure, and EVO Venture Partners, have formed a joint venture to build venture-backed startups in Europe. According to the terms of this partnership, EVO has made an undisclosed investment in The Fabric.

Nutrition startup Ample Foods grabs $2 mln seed

San Francisco-based Ample Foods, a nutrition startup, has secured $2 million in seed funding. Slow Ventures led the round.

Hotel company Life House raises $40 mln

New York-based Life House, which operates as a boutique hotel company, announced it has raised $40 million in total funding, which includes $10 million in early-stage venture capital and $30 million in private equity. Backers include Henley Investments, Global Founders Capital, Comcast Ventures and Trinity Ventures. Life House was co-founded in 2017 by Rami Zeidan and Yury Yakubchyk.

CStone Pharma raises $260 mln

CStone Pharmaceuticals said May 8 that it raised $260 million in financing led by GIC Private Ltd. Participating in the round were Sequoia China, Yunfeng Capital, 6 Dimensions Capital, CITIC PE, Taikang Insurance Group, ARCH Venture Partners, Hillhouse Capital, King Star Capital, 3W Partners, AVICT, and Terra Mafnum Capital Partners. Existing investors also taking part include Oriza Seed Venture Capital , Boyu Capital, and WuXi Healthcare Ventures. CStone, of Suzhou, China, is a biopharmaceutical company focused on drugs and combination therapies in immuno-oncology.

Rootility raises $10 mln

Rootility said May 9 that it raised $10 million in Series C financing led by ADM Capital’s Cibus fund. Also participating are existing investors GreenSoil Investments and Middleland Capital. Rootility, of Tel Aviv, Israel, develops root-focused plant breeding methods.

Health-care veterans form venture-capital firm Town Hall Ventures

A trio of health-care veterans has teamed up to form Town Hall Ventures, a venture capital firm targeting health-care technology and service companies catering to vulnerable populations.

Foundry Group to raise $750 mln Foundry Group Next 2018

The Foundry Group has set out to raise a $750 million Foundry Group Next 2018 fund, according to a filing with the SEC.

AI company Avaamo raises $14.2 mln led by Intel Capital

has raised a $14.2 million Series A financing round led by Intel Capital with additional investment from Ericsson Ventures, Mahindra Partners, Wipro Ventures and WI Harper. This funding brings the company's total investment to $23.5 million to date. Avaamo will use the latest funding to expand its sales and marketing to meet demand in the enterprise for conversational AI solutions in the growing global market.