Private Equity
Ada Health said Oct. 31 that it raised 40 million euros ($47 million) in a funding round led by Access Industries. Also investing were the June Fund, Cumberland VC and William Tunstall-Pedoe, the AI entrepreneur behind Amazon Alexa. Ada Health, with offices in Berlin and London, is a health technology company.
4 min read · 31 October 2017
Northwestern Mutual's Cream City Venture Capital and Aurora Health Care's InvestMKE are each investing $5 million to back Milwaukee startups via a multiyear funding commitment. Cream City VC will provide early-stage funding for startups ranging from $100,000 to $250,000 while Aurora's InvestMKE, will co-invest, alongside Cream City VC and others, up to $1 million in early-stage healthcare companies.
4 min read · 30 October 2017
The National Venture Capital Association and the Homeland Security Department agree to a expedited schedule for International Entrepreneur Rule case.
1 min read · 30 October 2017
Palo Alto, California and Tel Aviv-based Waycare Technologies, which optimizes traffic management systems leveraging predictive analytics, has raised $2.3 million in seed funding. Spider Capital and Innogy SE led the round with participation from Goldbell Investments, UpWest Labs, janom, Zymestic Solutions and SeedInvest.
1 min read · 30 October 2017
Grove Ventures has raised $110 million for a maiden venture fund, according to an SEC filing.
1 min read · 30 October 2017
Massachusetts-based Trilio Data, a provider of OpenStack backup and recovery solutions, has raised $5 million in Series A funding. The lead investor was .406 Ventures.
1 min read · 30 October 2017
Cambridge, Massachusetts-based Kymera Therapeutics LLC, a biotech company focused on treating previously untreatable diseases, has secured $30 million in Series A financing. Atlas Venture led the round with participation from Lilly Ventures and Amgen Ventures.
1 min read · 30 October 2017
Melbourne, Australia-based healthcare investment firm BioScience Managers Limited has appointed Dr. Michael Perry as a director, Dennis Purcell as a director and senior expert adviser and Nicole Vitullo as an independent director. Perry was senior vice president and chief scientific officer (business development and licensing) for Novartis AG while Purcell is a founder and former senior managing partner of Aisling Capital. And, Vitullo is a partner at life sciences venture firm Domain Associates LLC.
4 min read · 30 October 2017
Paris-based HighLife SAS, an early-stage medtech company, has raised 12.3 million euros in funding. Sofinnova Partners led the round.
1 min read · 30 October 2017
Beam Dental, a provider of dental benefits for small and medium-sized businesses, has secured $5.5 million in Series B funding. Lewis & Clark Ventures led the round with participation from Drive Capital. In addition to the funding, Ron Watson, a principal at Lewis & Clark Ventures, has been named to Beam's board of directors.
3 min read · 27 October 2017
