US

Turmoil comes to Social Capital with second high-level departure possible: Reports

Social Capital last week confidently sold shares of its Social Capital Hedosophia, now reports are accumulating of trouble at the firm, with its venture operations unsettled.

DSP Concepts snaps up $10 mln Series A

Santa Clara, California-based DSP Concepts Inc, a provider of embedded audio digital signal processing solutions, has secured $10 million in Series A funding. BMW i Ventures led the round with participation from Walden International Ventures and David Tsang.

Synthace reels in $9.6 mln Series A

London-based Synthace, the developer of the Antha operating system for biology, has raised $9.6 million in Series A funding. The investors included White Cloud Capital, Amadeus Capital Partners, Eleven Two Capital, Sofinnova Partners, SOSV and Bioeconomy Capital.

BDC Capital backs Mobi724

Montreal-based Mobi724 Global Solutions, a provider of payment and digital marketing solutions, has raised C$1 million in funding. The investor is BDC Capital Inc.

Alpine Meridian collects $9.5 mln for sophomore venture fund

Alpine Meridian Ventures has raised $9.5 million for its second fund, according to an SEC filing. The target is $25 million. Based in New York City, Alpine Meridian is an early-stage venture firm focused on the internet, digital media, financial services and e-commerce sectors.

NVCA files suit against Trump Administration’s delay of International Entrepreneur Rule

The National Venture Capital Association and a handful of startups and foreign entrepreneurs filed suit Tuesday challenging the Trump Administration’s delay of the International Entrepreneur Rule.

Matroid fetches $10 mln Series A in NEA and Intel Capital-led round

Palo Alto, California-based Matroid, a computer vision company, has raised $10 million in Series A funding, according to a blog post. New Enterprise Associates and Intel Capital led the round.

Rodin Therapeutics seals $27 mln

Cambridge, Massachusetts-based Rodin Therapeutics, a biotech company, has closed $27 million in financing. The investors included Atlas Venture, GV, Hatteras Venture Partners, Remeditex Ventures and Third Point Ventures.

Minio raises $20 mln Series A

Palo Alto, California-based Minio, a provider of open source object storage for cloud-native and containerized applications, has secured $20 million in Series A funding. Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners led the round with participation from Intel Capital, AME Cloud and Steve Singh.

Healthcare tech company 98point6 garners $19.5 mln Series B

Seattle-based 98point6, a healthcare technology company, has raised $19.5 million in Series B funding. The investors were not named.