Amazon squares up to Uber with backing for UK food app Deliveroo: Reuters


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Amazon has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals.

The news the world’s biggest online retailer had bought into one of Europe’s fastest growing tech companies sent shockwaves through the sector, hitting shares in European rivals Just Eat, Takeaway.com and Delivery Hero.

The online giants are betting the takeaway market will expand as it branches out from fast, unhealthy meals to nutritious dishes, and that they have the scale to beat smaller rivals which are still largely sacrificing profits to grow.

Deliveroo founder and CEO Will Shu said the fundraising would enable the loss-making group to increase its reach, develop technology and pursue innovations such as expanding its own kitchens that can be rented to restaurants to meet demand.

Deliveroo did not give a

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Canopy Rivers invests in BioLumic’s $6.7 mln Series A financing


This post is by Kirk Falconer from PE Hub Blog: Venture Capital Deals


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Canopy Rivers has invested $1.5 million in BioLumic Ltd, a Palmerston North, New Zealand-based maker of a sustainable ultraviolet (UV) crop yield enhancement system. The investment is part of the company’s $6.7 million Series A financing, led by Finistere Ventures, a U.S. food and agriculture venture capital firm. Canopy Director Mary Dimou will join the board as an observer. BioLumic will use the funds raised to accelerate and expand its UV light treatment initiatives, including for medical cannabis applications.

PRESS RELEASE

TORONTO and PALMERSTON NORTH, New Zealand, May 15, 2019 /CNW/ – BioLumic Ltd. (“BioLumic”), creators of a sustainable ultraviolet (UV) crop yield enhancement system, and Canopy Rivers Inc. (“Canopy Rivers”) (TSXV: RIV), (OTC: CNPOF) today announced a strategic investment from Canopy Rivers. BioLumic extended the Finistere Ventures-led Series A financing round to include Canopy Rivers’ strategic investment of US$1.5 million, closing the oversubscribed

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Health at Scale picks up $16 mln Series A


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Health at Scale, a provider of machine intelligence for health care optimization, has secured $16 million in Series A funding. The investors were not named.

PRESS RELEASE

SAN JOSE, CALIF. – May 17, 2019 — HEALTH[at]SCALE, the leader in machine intelligence for care optimization, today announced a strategic investment of $16 million in Series A funding.

HEALTH[at]SCALE’s machine intelligence is designed by a leading team of current and former machine learning and clinical faculty from MIT, Harvard, Stanford and U-Michigan. The company’s platform and applications integrate fundamentally new machine learning capabilities for deeply personalized prediction to enable health plans, provider systems and self-insured employers to match every patient to the right treatment by the right provider at the right time.

HEALTH[at]SCALE’s machine intelligence predictively optimizes complex care decisions to transform both the economics of healthcare and patient outcomes. The company’s products service a broad range of use cases, including:

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MAXEX lands Series A


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Atlanta-based MAXEX LLC, a residential mortgage loan exchange, has secured Series B funding. As a result of the transaction, the company has raised a total tally of over $90 million to date. AGNC Ventures led the round with participation from other investors that included Moore Asset Backed Fund LP.

Source: Press Release

Retail Zipline takes in $9.6 mln Series A


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Retail Zipline, a communication and execution platform for retailers, has raised $9.6 million in Series A funding. Emergence led the round with participation from Serena Ventures, Serena Williams‘ venture firm. In addition to the funding, Santi Subotovsky and Kara Egan from Emergence will be joining Retail Zipline’s board of directors.

PRESS RELEASE

SAN FRANCISCO, Calif. (May 16, 2019) –Retail Zipline, the leading communication and execution platform for retailers who believe in the power of the store experience, today announced a $9.6 million Series A led by Emergence with participation from Serena Williams through her venture firm, Serena Ventures. Emergence is a renowned venture capital firm focused on early-stage enterprise companies whose portfolio includes Salesforce, Box, Zoom, and others who together have a collective worth exceeding $100 billion. Santi Subotovsky and Kara Egan from Emergence will be joining Retail Zipline’s Board of Directors.

This new investment

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Connect Homes amasses $10.8 mln Series A


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Los Angeles-based Connect Homes, a prefab housing provider, has raised $10.8 million in Series A funding. Brick & Mortar Ventures and Virgo Investment Group led the round with participation from other investors that included MetaProp, Almubader Growth Fund and Wells Fargo Strategic Capital. In conjunction with the funding. Darren Bechtel from Brick & Mortar Ventures and Scott Johnson from Virgo Investment Group will join ConnectHomes’ board of directors.

Source: Press Release

JumpCrew procures $7.2 mln Series B


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Nashville-based JumpCrew, a demand generation platform, has raised $7.2 million in Series B funding. Nashville Capital Network and Hinsdale Capital led the round.

PRESS RELEASE

New York, NY (May 16, 2019) – JumpCrew, the leading demand generation platform that integrates sales and marketing to accelerate new customer acquisition, has completed a Series B funding round in the amount of $7.2M following explosive growth this year and three acquisitions in 2018. Co-led by Nashville Capital Network (NCN) and Hinsdale Capital, the raised capital will fuel product innovation, talent recruitment and additional acquisitions in 2019. This latest funding round builds on JumpCrew’s prior funding of $8.7M.

“JumpCrew has demonstrated a great ability to use technology to maximize growth. Sound strategy and flawless execution have enabled JumpCrew to build high-quality revenue for its clients and expand their offerings through acquisitions,” said Sid Chambless, Managing Partner at NCN Partners Fund. “This

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GetYourGuide racks up $484 mln Series E


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Berlin-based GetYourGuide, a booking platform for travel experiences, has raised $484 million in Series E financing. SoftBank Vision Fund led the round with participation from other investors that included Temasek, Lakestar, Korelya Capital and Heartcore Capital. As part of the investment, Ted Fike, a partner at SoftBank Investment Advisers, will join GetYourGuide’s board of directors.

Source: Press Release

OpenFin picks up $17 mln Series C in Wells Fargo-led round


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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New York and London-based OpenFin, the operating system of finance, has raised $17 million in Series C funding. Wells Fargo led the round with participation from other backers that included Barclays, Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners.

Source: Press Release

Geospiza grabs $1 mln


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Denver-based Geospiza, a startup that enables emergency managers, first responders, and program managers to quickly make data-driven decisions that improve results, ROI and save lives, has raised $1 million in funding. The backers included Techstars, GAN Ventures, Next Wave Ventures, Chloe Capital, Alumni Ventures Group and Kokopelli Ventures.

Source: Press Release

Tools4Patient fetches $4.5 mln Series B


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Tools4Patient SA, a Belgian developer of tools to optimize and accelerate drug development programs, has raised $4.5 million in Series B financing. The investors included Innovation Fund, Sambrinvestm, Jean-Pierre Delwart, former CEO of Eurogentec and Jean Stephenne, former president of GlaxoSmithKline Biologicals.

Source: Press Release