VC Deals
Proterra has authorized shares to raise $75 million, a new round of funding that would push the electric bus maker’s valuation past $1 billion.The company authorized the sale of 10,857,762 shares at a price of $6.91 in a Series 8 round, according to a securities filing that was obtained by the Prime Unicorn Index, a company that tracks the performance of private U.S. companies. More
Wheels Up, the private aviation start-up that counts Tom Brady and Serena Williams as members, said Friday it completed a $128 million round of funding that values the company $1.1 billion. The funding marks an escalation in the air war between private aviation players to become leaders in a new era of consolidation and technological change that is remaking the industry. More
AI-powered search venture Lucidworks has raised $100 million from Francisco Partners and TPG Sixth Street Partners, the company announced. The funding amounts to nearly as much (a combined $109 million) as the twelve-year-old company has raised since it was founded in 2007. Its last raise took place in May 2018 – a $50 million Series E led by Top Tier Capital Partners. So this round is precisely double its last raise. More
Creating backups for massive enterprise deployments may feel like a solved problem, but for the most part, we’re still talking about complex hardware and software setups.Clumio, which is coming out of stealth today, wants to modernize enterprise data protection by eliminating the on-premise hardware in favor of a flexible, SaaS-style cloud-based backup solution.
For the first time. Clumio also announced that it has raised a total of $51 million in a Series A and B round since it was founded in 2017. More
VeriSIM Life, a San Francisco, CA-based company that is building digital animal and human simulations to avoid unnecessary drug testing in animals, raised $5.2M in funding. The round was co-led by OCA Ventures and Serra Ventures with participation from Susa Ventures, Intel Capital, Stage Venture Partners, Village Global, Twin, and Loup Ventures. More
Imagine a moving tower made of huge cement bricks weighing 35 metric tons. The movement of these massive blocks is powered by wind or solar power plants and is a way to store the energy those plants generate. Software controls the movement of the blocks automatically, responding to changes in power availability across an electric grid to charge and discharge the power that’s being generated.
The development of this technology is the culmination of years of work at Idealab, the Pasadena, Calif.-based startup incubator, and Energy Vault, the company it spun out to commercialize the technology, has just raised $110 million from SoftBank Vision Fund to take its next steps in the world. More
D&D Pharmatech has raised $137.1 million to advance treatments for neurodegenerative diseases and fibrosis. The series B will enable one D&D subsidiary to run phase 2 trials in Alzheimer's and Parkinson’s as well as set up another business to take a treatment for chronic pancreatitis and nonalcoholic steatohepatitis (NASH) into human testing. More
Renovacor picked up $11 million in series A financing from Novartis’ venture arm, Broadview Ventures, BioAdvance, New Leaf Venture Partners and Innogest Capital to push forward a gene therapy that could ward off disease progression in this group of patients, sparing them from drastic measures such as a heart transplant. More
Proterra has authorized shares to raise $75 million, a new round of funding that would push the electric bus maker’s valuation past $1 billion.The company authorized the sale of 10,857,762 shares at a price of $6.91 in a Series 8 round, according to a securities filing that was obtained by the Prime Unicorn Index, a company that tracks the performance of private U.S. companies. More
Wheels Up, the private aviation start-up that counts Tom Brady and Serena Williams as members, said Friday it completed a $128 million round of funding that values the company $1.1 billion. The funding marks an escalation in the air war between private aviation players to become leaders in a new era of consolidation and technological change that is remaking the industry. More
AI-powered search venture Lucidworks has raised $100 million from Francisco Partners and TPG Sixth Street Partners, the company announced. The funding amounts to nearly as much (a combined $109 million) as the twelve-year-old company has raised since it was founded in 2007. Its last raise took place in May 2018 – a $50 million Series E led by Top Tier Capital Partners. So this round is precisely double its last raise. More
Creating backups for massive enterprise deployments may feel like a solved problem, but for the most part, we’re still talking about complex hardware and software setups.Clumio, which is coming out of stealth today, wants to modernize enterprise data protection by eliminating the on-premise hardware in favor of a flexible, SaaS-style cloud-based backup solution.
For the first time. Clumio also announced that it has raised a total of $51 million in a Series A and B round since it was founded in 2017. More
VeriSIM Life, a San Francisco, CA-based company that is building digital animal and human simulations to avoid unnecessary drug testing in animals, raised $5.2M in funding. The round was co-led by OCA Ventures and Serra Ventures with participation from Susa Ventures, Intel Capital, Stage Venture Partners, Village Global, Twin, and Loup Ventures. More
Imagine a moving tower made of huge cement bricks weighing 35 metric tons. The movement of these massive blocks is powered by wind or solar power plants and is a way to store the energy those plants generate. Software controls the movement of the blocks automatically, responding to changes in power availability across an electric grid to charge and discharge the power that’s being generated.
The development of this technology is the culmination of years of work at Idealab, the Pasadena, Calif.-based startup incubator, and Energy Vault, the company it spun out to commercialize the technology, has just raised $110 million from SoftBank Vision Fund to take its next steps in the world. More
D&D Pharmatech has raised $137.1 million to advance treatments for neurodegenerative diseases and fibrosis. The series B will enable one D&D subsidiary to run phase 2 trials in Alzheimer's and Parkinson’s as well as set up another business to take a treatment for chronic pancreatitis and nonalcoholic steatohepatitis (NASH) into human testing. More
Renovacor picked up $11 million in series A financing from Novartis’ venture arm, Broadview Ventures, BioAdvance, New Leaf Venture Partners and Innogest Capital to push forward a gene therapy that could ward off disease progression in this group of patients, sparing them from drastic measures such as a heart transplant. More
Sponsor
This post was brought to you by Woewoda Communications, your partner in the venture capital, private equity and startup markets; offering strategic communications, public relations & investor relation services to Canadian VCs, PEs, Angels, Endowments/Trusts, Family Offices, and Canadian startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotics.
Are you a Canadian GP/LP/CI or a Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience.
Serving Vancouver, Montreal, Toronto, Waterloo, Ottawa and Halifax.
New Funds
Croatia is about to get a shot in the arm, however, with the arrival of a home-grown dedicated VC fund, Fil Rouge Capital, which plans to invest in young entrepreneurs, startups and scale-up companies, as well as establishing a local entrepreneurial ecosystem in Croatia.
The fund is fully operational as of last month, having received funding commitments of more than €42 million ($46.6 million), demonstrating a strong interest of investors in the growing startup economy there. More
Construction technology is a growing sector, which is why Brick & Mortar Ventures has raised a $97 million fund to invest in both hardware and software for construction-related industries. The San Francisco venture fund was founded by construction tech investment veteran Darren Bechtel and is backed by high-profile corporate funding sources. More
IPOs
Luckin Coffee Inc., the chain trying to take on Starbucks Corp. in China, plunged the most since its U.S. trading debut in May after it issued earnings for the first time as a public company.Luckin, which is based in China and listed in the U.S, said it was taking a hit from trade tensions and the slowing Chinese economy as it races to open stores and burns cash to build market share in China’s nascent coffee market.
The shares sank 17% to $20.44 in New York on Wednesday. The shares were up 44% from the $17-a-share initial public offering price through Tuesday’s close. More
Samoyed Holdings Limited (Samoyed), a financial technology service firm that focuses on China’s credit card repayment market, withdrew its planned initial public offering (IPO) in the US, according to its latest filing with the US SEC. “The company has determined not to pursue the sale of the securities covered by the Registration Statement at this time due to unfavorable market conditions,” the company said.
The registration statement has never been declared effective by the US SEC and the company has not sold any securities yet, it added. More
Postmates plans to make its IPO paperwork public in September, TechCrunch has learned. Despite previous reports indicating the on-demand delivery company is seeking an M&A exit, sources close to the matter say Postmates is on track to go complete an initial public offering this year. More
Exits
Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services, and could result in the San Francisco company storing over 5% of all Bitcoins in circulation.
Coinbase paid $55 million for Xapo and, as a result of the deal, now has over $7 billion in crypto assets under management, according to a person familiar with the deal. The person, who was not authorized to speak for attribution, said the purchase came after Coinbase outbid investment giant Fidelity. More
VMware today confirmed that it is in talks to acquire software development platform Pivotal Software, the service best known for commercializing the open-source Cloud Foundry platform. The proposed transaction would see VMware acquire all outstanding Pivotal Class A stock for $15 per share, a significant markup over Pivotal’s current share price (which unsurprisingly shot up right after the announcement). More
ICT News
Two major U.S. carriers, AT&T and T-Mobile, announced this morning a plan to team up to protect their respective customer bases from the scourge of scam robocalls. The two companies will today begin to roll out new cross-network call authentication technology based on the STIR/SHAKEN standards — a sort of universal caller ID system designed to stop illegal caller ID spoofing. More
New Funds
Croatia is about to get a shot in the arm, however, with the arrival of a home-grown dedicated VC fund, Fil Rouge Capital, which plans to invest in young entrepreneurs, startups and scale-up companies, as well as establishing a local entrepreneurial ecosystem in Croatia.
The fund is fully operational as of last month, having received funding commitments of more than €42 million ($46.6 million), demonstrating a strong interest of investors in the growing startup economy there. More
Construction technology is a growing sector, which is why Brick & Mortar Ventures has raised a $97 million fund to invest in both hardware and software for construction-related industries. The San Francisco venture fund was founded by construction tech investment veteran Darren Bechtel and is backed by high-profile corporate funding sources. More
IPOs
Luckin Coffee Inc., the chain trying to take on Starbucks Corp. in China, plunged the most since its U.S. trading debut in May after it issued earnings for the first time as a public company.Luckin, which is based in China and listed in the U.S, said it was taking a hit from trade tensions and the slowing Chinese economy as it races to open stores and burns cash to build market share in China’s nascent coffee market.
The shares sank 17% to $20.44 in New York on Wednesday. The shares were up 44% from the $17-a-share initial public offering price through Tuesday’s close. More
Samoyed Holdings Limited (Samoyed), a financial technology service firm that focuses on China’s credit card repayment market, withdrew its planned initial public offering (IPO) in the US, according to its latest filing with the US SEC. “The company has determined not to pursue the sale of the securities covered by the Registration Statement at this time due to unfavorable market conditions,” the company said.
The registration statement has never been declared effective by the US SEC and the company has not sold any securities yet, it added. More
Postmates plans to make its IPO paperwork public in September, TechCrunch has learned. Despite previous reports indicating the on-demand delivery company is seeking an M&A exit, sources close to the matter say Postmates is on track to go complete an initial public offering this year. More
Exits
Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services, and could result in the San Francisco company storing over 5% of all Bitcoins in circulation.
Coinbase paid $55 million for Xapo and, as a result of the deal, now has over $7 billion in crypto assets under management, according to a person familiar with the deal. The person, who was not authorized to speak for attribution, said the purchase came after Coinbase outbid investment giant Fidelity. More
VMware today confirmed that it is in talks to acquire software development platform Pivotal Software, the service best known for commercializing the open-source Cloud Foundry platform. The proposed transaction would see VMware acquire all outstanding Pivotal Class A stock for $15 per share, a significant markup over Pivotal’s current share price (which unsurprisingly shot up right after the announcement). More
ICT News
Two major U.S. carriers, AT&T and T-Mobile, announced this morning a plan to team up to protect their respective customer bases from the scourge of scam robocalls. The two companies will today begin to roll out new cross-network call authentication technology based on the STIR/SHAKEN standards — a sort of universal caller ID system designed to stop illegal caller ID spoofing. More
Samoyed Holdings
Limited (Samoyed), a financial technology service firm that focuses on
China’s credit card repayment market, withdrew its planned initial
public offering (IPO) in the US, according to its latest filing with the
US SEC.
“The company has determined not to pursue the sale of the securities
covered by the Registration Statement at this time due to unfavorable
market conditions,” the company said.
The registration statement has never been declared effective by the US
SEC and the company has not sold any securities yet, it added.
Read more at: https://www.dealstreetasia.com/stories/samoyed-cancels-us-ipo-149840/
Read more at: https://www.dealstreetasia.com/stories/samoyed-cancels-us-ipo-149840/
Samoyed Holdings
Limited (Samoyed), a financial technology service firm that focuses on
China’s credit card repayment market, withdrew its planned initial
public offering (IPO) in the US, according to its latest filing with the
US SEC.
“The company has determined not to pursue the sale of the securities
covered by the Registration Statement at this time due to unfavorable
market conditions,” the company said.
The registration statement has never been declared effective by the US
SEC and the company has not sold any securities yet, it added.
Read more at: https://www.dealstreetasia.com/stories/samoyed-cancels-us-ipo-149840/
Read more at: https://www.dealstreetasia.com/stories/samoyed-cancels-us-ipo-149840/
Samoyed Holdings
Limited (Samoyed), a financial technology service firm that focuses on
China’s credit card repayment market, withdrew its planned initial
public offering (IPO) in the US, according to its latest filing with the
US SEC.
“The company has determined not to pursue the sale of the securities
covered by the Registration Statement at this time due to unfavorable
market conditions,” the company said.
Read more at: https://www.dealstreetasia.com/stories/samoyed-cancels-us-ipo-14984
Read more at: https://www.dealstreetasia.com/stories/samoyed-cancels-us-ipo-14984
Samoyed Holdings
Limited (Samoyed), a financial technology service firm that focuses on
China’s credit card repayment market, withdrew its planned initial
public offering (IPO) in the US, according to its latest filing with the
US SEC.
“The company has determined not to pursue the sale of the securities
covered by the Registration Statement at this time due to unfavorable
market conditions,” the company said.
Read more at: https://www.dealstreetasia.com/stories/samoyed-cancels-us-ipo-14984
Read more at: https://www.dealstreetasia.com/stories/samoyed-cancels-us-ipo-14984
No comments:
Post a Comment