Blog Archive

Saturday, August 24, 2019

VC Deals Only. Weekend Edition. Coworking firm Industrious raises $80 million, sees profit in 2020

VC Deals

The company formerly known as Motif Ingredients today announced that it has raised $27.5 million in new funding and rebranded itself as Motif FoodWorks. Motif is carving out an interesting space for itself in the food tech world as they are in the business of helping other companies develop new alternative meat, dairy and egg products. More

Brazilian digital marketing startup RD Station has raised a $50 million Series D led by Silicon Valley-based Riverwood Capital. RD Station, which is focused on SMBs in emerging markets, claims the round marks the largest funding round raised by a Latin American company in the SaaS (software-as-a-service) space. More

After initially securing $70 million for its Series C round in January and raising another $25 million in add-on funding this past spring, online mortgage lender Better.com has officially closed off the Series C with a total of $160 million raised, Fortune has learned. The $160 million round takes the New York-based company’s total funding to $254 million to date and brings its valuation to north of $600 million, Better.com said. More

 H2O.ai‘s mission is to democratize AI by providing a set of tools that frees companies from relying on teams of data scientists. Today it got a bushel of money to help. The company announced a $72.5 million Series D round led by Goldman Sachs and Ping An Global Voyager Fund. Today’s investment brings the total raised to $147 million. More

Nearly four years ago, the FDA approved a therapy that uses a virus to infect tumor cells and break them down—the first such viral therapy for treating cancer. Oncorus is planning to begin a clinical trial next year testing its cancer-fighting virus in solid tumors. The Cambridge, MA, company now has $79.5 million in financing to support its research. The Series B round of funding announced Wednesday was co-led by Cowen Healthcare Investments and Perceptive Advisors. More

Enable My Child, a NYC-based pediatric therapy provider offering real-time therapy services through its digital platform, raised $1.2m in seed financing. Led by Syed Mohammed, founder and CEO, Enable My Child provides a pediatric therapy platform, which provides therapy servicesfor schools and early intervention centers across the country. More

Industrious, one of the largest U.S. coworking rivals of We Company’s WeWork, said on Thursday it raised $80 million from investors and expects to turn a profit next year. The announcement came a day after Knotel, another large flex-space operator, announced the completion of $400 million in financing. More

The CareVoice, a Shanghai-based health insurance software startup with ambitions to expand throughout Asia, announced today that it has raised about $10 million in Series A funding. The funding will be used on research and development and to grow The CareVoice’s business in Hong Kong, which it entered last year. After that, the company plans to expand into other markets in Asia. More

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New Funds

​Southeast Asian venture capital firm East Ventures announced today the close of its sixth fund at $75 million, exceeding more than double the firm’s initial $30 million target. This oversubscribed fund is supported by a diverse set of strong backers of high net worth individuals (HNWI), Asian family offices, fund of funds, and several sovereign wealth funds. More

 Exits

Amazon, which has invested more than $6 billion in India’s growing internet market, just invested a little more as it moves to expand its presence in the country’s brick and mortar space that drives much of the sales in the nation. The U.S. e-commerce giant is acquiring a 49% stake in Future Coupons, a group entity owned by India’s second largest retail chain, Future Retail, the latter said in a regulatory filing Thursday evening (local time). More

 IPOs

China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. More
 


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