A company developing a bispecific antibody that already has clinical data in blood cancers has raised more than $60 million in its latest venture capital funding round that it plans to use to advance the drug in solid tumors. More
Complete Solar, Inc., today announced it has raised $9 million in equity funding led by Ecosystem Integrity Fund. Additional participating investment came from the Libra Foundation. More
Machine translation platform Unbabel
has raised $60 million in a series C round of funding led by Point72
Ventures, with participation from Microsoft’s M12, Greycroft, Scale Venture Partners, Notion Capital, Caixa Capital, Faber
Ventures, FundersClub, Structure Capital, Indico Capital Partners, and
E.ventures. More
Intel Capital, the venture arm of chipmaker Intel, has led a $25 million
series B funding round in optical connectivity startup DustPhotonics,
Inc., the latter announced Monday. WRVI Capital and Israeli serial
entrepreneur Avigdor Willenz also participated in the round. More
Landline, the operator of a bus
network in the Midwest, is one of the latest companies to raise venture
capital. The business has closed a $3.85 million round led by Los
Angeles firm Upfront Ventures, with participation from Mucker Capital
and Matchstick
Ventures. More
Eko, a San Francisco, CA-based AI-powered digital health company, closed $20M Series B funding. The round was led by Artis Ventures with participation from DigiTx Partners, NTT Venture Capital (NTTVC), 3M Ventures, Mayo Clinic, Seraph Group, and XTX Ventures. The company intends to use the funds to drive further research and commercialization of its machine learning platform. More
Insurtech startup Elma has closed a €3 million (~$3.2M) Series A funding round led by Mangrove Capital partners to build out a digital-first health insurance business starting with Spain, its domestic market. More
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Little-known and super quiet biotech Amphivena Therapeutics has grabbed a strong and healthy $62 million series C round funding haul. The Californian company says this new swag will go toward boosting its in-progress work
for AMV564, a bivalent, bispecific T-cell engager that binds CD33 and
CD3 in phase 1 for certain blood cancers, as well as in a solid tumor
test. More
Insurtech startup Elma has closed a €3 million (~$3.2M) Series A funding round led by Mangrove Capital partners to build out a digital-first health insurance business starting with Spain, its domestic market. 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
Mohan Kumar, a former partner at Norwest Venture Partners and Nishant Rao, the former chief operating officer at the Chennai-based SaaS firm Freshworks, have launched Avataar Venture Partners, whose maiden fund will have HarbourVest, the global fund-of-funds, as its single Limited Partner or sponsor. More
Exits
Facebook
is buying CTRL-labs, a NY-based startup building an armband that
translates movement and the wearer’s neural impulses into digital input
signals. More
Legal
Comscore,
a company that’s performance metrics are widely touted in the media
world, has settled with the SEC following charges of inflating its own
metrics. The company and its former CEO Serge Matta have been
charged with fraud by the SEC and have agreed to pay $5 million and
$700,000 respectively, in a settlement. More
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