US

Trump targets carried interest break for hedge funds, but perhaps not other asset classes

Trump Administration Treasury Secretary Steven Mnuchin said Tuesday the Republican tax overhaul plan will eliminate the carried interest tax break for hedge funds, but suggested the special tax treatment could be maintained for other asset classes that create jobs, according to a news report.

Rani Therapeutics rallies $39 mln Series D

San Jose, California-based Rani Therapeutics, which helps convert injectable drugs into pills, has raised $39 million in Series D funding, according to a source familiar with the fundraising. The investors in this round included GV.

SE Fund to raise $75 mln venture fund

SE Fund has set out to raise a $75 million venture capital fund, according to a filing with the SEC.

Entrepreneur First scores $12.4 mln in Greylock-led round: TechCrunch

London-based Entrepreneur First, an early-stage tech investor, has secured $12.4 million in funding, according to TechCrunch. The tech news site reported that Greylock Partners led the round with participation from other investors that included Mosaic Ventures, Founders Fund and Lakestar Capital.

SPR Therapeutics fetches $25 mln Series C

Cleveland-based SPR Therapeutics Inc, a provider of neurostimulation technology for chronic and acute pain, has closed $25 million in Series C financing. Frontcourt Ventures and an unidentified family office led the round.

Insignia Ventures Partners rakes in $25 mln for debut fund

Insignia Ventures Partners has raised $25 million for its inaugural fund, according to an SEC filing. No target was listed on the document. The Singapore-based venture firm invests in startups in Southeast Asia.

UK social commerce platform Moteefe snaps up $2.2 mln seed

London-based social commerce platform Moteefe has raised $2.2 million in seed funding. The investors included Charles Songhurst, Livingbridge, Force Over Mass Capital, Fuel Ventures and Ascension Ventures.

Tonbo Imaging nabs $17 mln Series B

Tonbo Imaging, a maker of advanced night vision imaging systems for defense, surveillance and transportation safety markets, has secured $17 million in Series B Financing. WRV Capital led the round with participation from Qualcomm Ventures, Edelweiss Private Equity and Artiman Ventures. Veda Corporate Advisors served as adviser to Tonbo Imaging on the transaction.

Aria Systems snags $18 mln

San Francisco-based Aria Systems, a monetization platform provider, has raised $18 million in funding. Madison Bay Capital led the round with participation from Hummer Winblad Venture Partners, InterWest Partners and Venrock. In conjunction with the funding, Steve Reale, managing partner of Madison Bay Capital Partners and Drew Harman, director of InterWest Partners, have joined Aria Systems' board of directors.

Skype co-founder's fund Atomico backs Worlds Adrift games maker: Reuters

British games maker Bossa Studios on Tuesday said it has raised $10 million in a funding round led by European venture capital firm Atomico, ahead of the launch of the company’s pirate-themed multiplayer online title, Worlds Adrift.