New Fundings
Achates Power, 13-year-old, San Diego, Ca-based company that develops what it says are improved internal combustion engines, has raised $29.8 million in Series D funding. Backers include OGCI Climate Investments (the investment arm of The Oil and Gas Climate Initiative), Sequoia Capital, RockPort Capital Partners,Madrone Capital Partners, InterWest Partners and Triangle Peak Partners.More here.
Ada Health, a six-year-old, Berlin-based company whose iOS and Android app, called Ada, combines AI with expertise from actual doctors to help people understand and manage their health, has raised $47 million in funding led byAccess Industries, the global investment firm of billionaire Len Blavatnik. Other firms that invested in the round included June Fund and Berlin-based Cumberland VC. William Tunstall Pedoe, an entrepreneur who sold his AI-powered virtual assistant to Amazon, also joined the round. Business Insider has more here.
BondIT, a five-year-old, Herzliya, Israel-based fintech company focused on increasing sales and improving customer interactions for fixed income investment managers and advisors, has raised $14.25 million from Fosun International Limited. More here.
HighLife Medical, a seven-year-old, Paris, France-based early-stage medtech company that’s developing a trans-catheter mitral valve replacement system to treat patients suffering from mitral regurgitation, has raised €12.3 million ($14.3 million) in funding. Sofinnova Partners led the round, with participation from LivaNova and Georg Börtlein, the CEO and founder of HighLife. More here.
Kymera Therapeutics, a newly launched, Cambridge, Ma.-based biotechnology company focused on targeted protein degradation — a way of tagging troublesome proteins for the cellular trash bin — has raised $30 million in Series A funding led byAtlas Venture, which seeded and incubated the company. Other participants include Lilly Ventures and Amgen Ventures. Chemical & Engineering News hasmore here.
Remitly, a six-year-old, Seattle-based company that enables people in the U.S., U.K. and Canada to send money electronically to friends and family in developing countries across Africa, South America and Asia, is raising $115 million in Series D funding led by PayU, a division of media and internet powerhouse Naspers. Previous Remitly investors Stripes Group, DFJ, and DN Capital also participated. TechCrunch has more here.
Roli, an eight-year-old, London-based startup creating next-generation musical instruments, has raised an undisclosed amount of funding from producer and songwriter Pharrell Williams, who also joins the startup as its chief creative officer. The company had previously raised $43.5 million, shows Crunchbase. TechCrunch has more here.
Shippo, a four-year-old, San Francisco-based business shipping platform, says it quietly raised a $20 million Series B in the spring led by Bessemer Venture Partners, with participation from Union Square Ventures, SoftTech VC and others. TechCrunch has more here.
TourRadar, a seven-year-old, Vienna, Austria-headquartered multi-day tour marketplace, has raised $10 million in Series B funding led by Endeit Capital, with participation from earlier backers Cherry Ventures and Hoxton Ventures. More here.
Trilio Data, a four-year-old, Boston, Ma.-based provider of OpenStack backup and recovery software, has raised $5 million in Series A funding led by .406 Ventures.More here.
Waycare, a 1.5-year-old, Palo Alto, Ca.-based AI-based transportation management platform that provides municipal agencies with a full mobility map of their roads and the ability to take action and mitigate traffic flow and improve traffic safety, has raised $2.3 million in seed funding. The round was co-led by Spider Capital and Innogy SE, with participation from Goldbell Investments, UpWest Labs, janom, Zymestic Solutions, and SeedInvest. More here. |