Silverback Therapeutics racks up $47.5 mln

Seattle-based Silverback Therapeutics Inc, a biotech company developing a pipeline of “systemically delivered, locally active” therapies, has extended its Series A financing round, bringing in the total tally to $47.5 million. OrbiMed led the round with participation from return backers Celgene Corporation and Alexandria Venture Investments. Source: Press Release

Cleo grabs $10 mln in Balderton Capital-led round

London-based Cleo, a digital assistant that helps people manage their finances, has raised $10 million in funding. Balderton Capital led the round. PRESS RELEASE London, 21 September 2018 Cleo, a digital assistant that helps people manage their finances, has secured $10m in investment to further its mission of becoming the global interface for money. Users securely connect their bank accounts to Cleo, who sits on top, giving them personalised insight into their spending data. Predominantly millennials, Cleo’s users talk to her in Facebook Messenger, where she creates a daily relationship between them and their money. Cleo has over 600,000 users, with 94% aged under-35. The AI has a fun, wry, and relatable personality which is helping to drive its rapid growth among millennials. Designed to help young people save, Cleo sets targets, tracks your spending, puts away savings automatically, and answers questions instantly and intelligently. The latest $10m of
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uBiome locks in $83 mln Series C

San Francisco-based uBiome, a microbial genomics company, has raised $83 million in Series C financing. OS Fund led the round with participation from other investors that included 8VC, Y Combinator and Dentsu Ventures. Source: Press Release

NEO Global Capital invests in Korean blockchain project Muzika

NEO Global Capital has made an investment in Korea-based blockchain project Muzika. No financial terms were disclosed. PRESS RELEASE SEOUL, South Korea, Sept. 20, 2018 /PRNewswire/ — Muzika, a Korea-based blockchain project that has attracted the attention of high-profile investors in the blockchain space, has announced an investment deal with NEO Global Capital Strategic Partnerships. The investment will assist Muzika’s project incubation and provide resource integration from both parties. Singapore-based NEO Global Capital is the strategic investment vehicle of NEO foundation and one of the largest owners of cryptocurrency in the Asia Pacific region. One of NEO Global Capital’s key investment objectives is not only to promote the mass adoption of blockchain technology in various real-world industries but also disrupt existing business models. Muzika, with an existing user base of 2 million and investments from top notch crypto and blockchain investment groups like T3 Ventures, Everest Ventures Group, 256 Ventures,
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Cannabis brand F/ELD picks up $6 mln

Los Angeles-based cannabis brand F/ELD has raised $6 million in funding. The investors included Navy Capital and Serruya Private Equity. The capital infusion will be used for expansion, to scale operations and bring more products to market. Source: Press Release

CapitalG leads Series C round for Convoy

Seattle-based Convoy, a technology-enabled trucking network, has secured $185 million in Series C financing. CapitalG led the round. In conjunction with the funding, David Lawee of CapitalG will join Convoy’s board of directors. Source: Press Release

The Ziegler Link•Age Fund II backs three healthcare firms

The Ziegler Link•Age Fund II L.P. has made investments in three healthcare-focused firms: Chronic Care Management, a technology and services care management provider; Socially Determined, a healthcare data company; and AllyAlign Health Inc, a care management services organization focused on helping long-term care providers,. No financial terms were disclosed. CHICAGO (PRWEB) SEPTEMBER 20, 2018 The Ziegler Link•Age Fund II, L.P. (the “Fund”) is pleased to announce its first three strategic investments. The Fund has invested in Chronic Care Management, Socially Determined and AllyAlign Health Inc. (AllyAlign). The Fund, a growth-oriented innovation fund, is focused on technology, tech-enabled services and emerging care delivery models in the post-acute and aging markets. The Limited Partner investors include not-for-profit and for-profit senior living providers, health systems and other strategic healthcare investors and organizations. The goal for our Limited Partners is not only to provide a financial return, but to
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Lunewave raises $5 mln from Fraser McCombs Capital, BMW i Ventures, Baidu Ventures, others

Lunewave said it raised $5 million of seed funding in a deal led by Fraser McCombs Capital and joined by BMW i Ventures, Baidu Ventures and others. A press release follows:   Self-Driving Car Sensor Startup Lunewave Secures $5 Million in Seed Funding Investment to Accelerate Development of Groundbreaking Radar and Antenna Technology for Autonomous Vehicle, 5G and Aerospace Industries, Among Others TUCSON, ARIZONA, September 20, 2018 —Lunewave, a startup building new sensors to power autonomous vehicles and 5G wireless networks, announced today that it has raised $5 million in seed funding to develop its groundbreaking radar and antenna technologies. Fraser McCombs Capital (FMC) led the round of financing, which also included strategic investments from BMW i Ventures, Baidu Ventures and others. “We are very grateful for the immense support from top tier investors and high-profile strategic partners,” said John Xin, co-founder and CEO of Lunewave. “FMC and others bring
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Healthy kids’ meal brand nabs $7 mln Series A

Yumble, a healthy kids’ meal brand, has raised $7 million in Series A funding, bringing its total funding tally to $8.5 million. Sonoma Brands led the round with participation from Danone Manifesto Ventures, Wharton Professor Martin Lautman, RiverPark Ventures, Launch Capital and Apple Core.  PRESS RELEASE NEW YORK, NY (September 20, 2018) – Yumble announced it has closed Series A funding led by Sonoma Brands, along with Danone Manifesto Ventures (the New York-based venture arm of Danone), Wharton Professor Martin Lautman, RiverPark Ventures, Launch Capital, and Apple Core filling the deck. To date, the skyrocketing home delivery kids’ food brand has raised $8.5MM. By shipping kid-friendly lunches, dinners, and snacksstraight to homes each week, Yumble takes stress off parents’ plates and gives them back time in their day. After facing the challenge of getting real food on the table for her three kids every day, founder
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Digital healthcare platform Vezeeta procures $12 mln Series C

Egypt-based Vezeeta, a digital healthcare platform, has raised $12 million in Series C funding. STV led the round with participation from BECO Capital, Vostok New Ventures, Silicon Badia and Crescent Enterprises’ CE Ventures. PRESS RELEASE Vezeeta, the leading digital healthcare platform, raises USD 12 Mn in Series C funding led by STV Vezeeta, announced today a Series C investment of USD 12 Mn led by STV, the largest VC fund in the region. Joining the round are existing investors: BECO Capital (UAE), Vostok New Ventures (Sweden) and Silicon Badia (Jordan), along with new investor Crescent Enterprises’ CE-Ventures (UAE). The financing will be used to fund Vezeeta’s continued regional expansion primarily in Saudi Arabia and for further investments in key new products. Empowering patients through data is Vezeeta’s mission. Vezeeta provides consumers with the ability to discover and book medical appointments and health services. It also provides innovative SaaS solutions
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MJ Freeway rakes in $10 mln Series C

Denver-based MJ Freeway, a cannabis technology company, has closed $10 million in Series C funding. Batu Capital Investments led the round. PRESS RELEASE Denver, CO – September 20, 2018 – MJ Freeway, the company which invented seed-to-sale technology and has the cannabis industry’s first enterprise resource planning product, announced the completion of its $10 million oversubscribed Series C financing. The financing, which will accelerate MJ Freeway’s growth in advanced technological build-outs, centered around increasing new product features for businesses and governments. The round was led by Batu Capital Investments, a tech-focused multi-family office managed by Emery and Evan Huang. Cresco Capital Partners, a private equity investment firm dedicated to investing in the cannabis industry, also participated significantly. “The industry is maturing rapidly and needs software that can handle increasing complexity, with state-of-the art functionality and data security,” said Jessica Billingsley, Co-Founder & CEO of MJ Freeway. “With adult-use permitted
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Galera Therapeutics fetches $150 mln Series C

Malvern, Pennsylvania-based Galera Therapeutics Inc, a clinical-stage biotechnology company, has secured $150 million in Series C financing. Clarus led the round with participation from Adage Capital Management, HBM Healthcare Investments, Nan Fung Life Sciences, RA Capital, Rock Springs Capital, Tekla Capital Management LLC, Correlation Ventures, Galera Angels, New Enterprise Associates, Novartis Venture Fund, Novo Ventures and Sofinnova Ventures. In conjunction with the funding, Dr. Emmett T. Cunningham Jr, a managing director at Clarus, will join Galera’s board of directors. Source: Press Release

WalkMe grabs $40 mln Series F

San Francisco-based WalkMe, a digital adoption platform, has raised $40 million in Series F financing. Insight Venture Partners led the round with participation from Mangrove Capital Partners. Source: Press Release