F2G raises USD 70 million in funding
Manchester, the U.K-based biotech company F2G raises USD 70 million in recent funding. The financing took place on August 4, 2022. New investors Forbion and Sofinnova Partners co-led the financing for F2G. Meanwhile, existing investors such as Novo Holdings, Morningside Ventures, Cowen Healthcare Investments and Advent Life Sciences joined in the investment. As a part of the deal, Nanna Lüneborg...
VMG Catalyst closes Fund II at USD 400 million
New York and San Francisco, The U.S.-based venture capital company VMG Catalyst closed its Fund II at USD 400 million. The company reported on August 03, 2022. The total capital raised by the private equity firm via both funds now stands at USD 650 million. Purpose of Fund II by VMG Catalyst The NYC-based VC firm introduced its inaugural Commerce Council...
California-based AI startup Aisera raises USD 90 million in Series D funding
The first AI-driven service experience platform for automated employee and customer experiences, Aisera, announced today that it had received USD 90 million in Series D funding, with Thoma Bravo and the Growth Equity division of Goldman Sachs Asset Management (Goldman Sachs) serving as the lead investors. Along with True Ventures, Menlo Ventures, Norwest Venture Partners, Icon Ventures, World Innovation Lab...
Los Angeles-based NFT platform Based raises USD 3.5 million in Pre-Seed funding
Los Angeles, 3 August 2022 In preparation for its imminent NFT release, Based- a communication platform based on NFTs, today revealed it had raised USD 3.5M in pre-Seed funding. Progression Fund, a consumer fund focused on generational transitions, took the lead in the round. Additional investors include SolBigBrain, Collab+Currency, Palm Tree Crew, Franklin Templeton, and GFR. Based makes it simple for...
Li Industries raises USD 7 million in Series A funding
Blacksburg, Virginia-based lithium-ion batteries (LIBs) recycling company Li Industries raised USD 7 million. The Series A round took place on August 1, 2022. Khosla Ventures led the financing for the firm. Meanwhile, Xerox Ventures, the corporate venture capital subsidiary of Xerox Holdings Corporation and Shell Ventures joined in the funding. Purpose of funding for Li Industries With the latest capital infusion,...
Accenture to acquire Sentia’s business in Belgium, Netherlands, and Bulgaria
Dublin, Ireland-based company Accenture has approved the acquisition of Sentia on August 2, 2022. However, the amount of purchase was not disclosed. Sentia is Amsterdam, Netherlands-based cloud consulting company that manages private and public cloud migrations and provides digital-experience monitoring services. As a part of the deal, around 310 employees from Sentia will join Accenture Cloud First. Purpose of acquisition by...
Tiger Global vs SoftBank: Part 2
In the first part of the series, we dived into Tiger Global’s history, its playbook, and current state of affairs. In the second part, we’ll trace SoftBank’s origins, come up with a definition for SoftBank, understand its playbook, the current state of affairs and Arm’s IPO. So fasten your seat belts, as we’re going on a ride with Masa.
Drover AI raises USD 5.4 million in Series A funding
August 2, 2022, BIG SKY, Montana - Drover AI reports that its USD 5.4 million Series A fundraising round was headed by Vektor Partners and included participation from Avesta Fund, Masik Enterprises, and Kurt Jaggers, among other Seed investors, has concluded. They join previous investor 500 Global in assisting with expanding the company's avant-garde computer vision and artificial intelligence...
Shanghai-based OriCell Therapeutics raises USD 120 million in funding
SHANGHAI, Aug. 1, 2022 — The closing of the Series B funding, totaling more than USD 120 million, has been announced by OriCell Therapeutics (Shanghai) Co., Ltd. ("OriCell" or "the Company"). Leading Chinese and foreign investment funds, as well as current stakeholder C&D Emerging Capital, participated in this round of funding, which Qiming Venture Partners and Quan Capital jointly...
Techstars partners with Audi to launch the pre-accelerator program
The U.S-based global startup accelerator Techstars announced a collaboration with Audi Denkwerkstatt to launch a pre-accelerator program. The partners aim to support innovative founders in the digitalization and mobility segment. On August 1, 2022, the companies announced the partnership. The recent program marks the first ever pre-accelerator in Europe, the Middle East, and Africa (EMEA) for Techstars. Purpose of Techstars...
