Chinese Biotherapeutics firm Transcenta secures $105M Crossover Financing
Transcenta Holding Limited, a Shanghai-based global biotherapeutics firm with integrated capacities in discovery, development and also manufacturing of antibody-based therapeutics has announced on 23rd December 2020, a US$ 105 million crossover financing. The latest round brought in a group of new investors like Qatar Investment Authority, and Chinese property developer Country Garden Venture Capital. Existing investors include Sequoia Capital China,...
Belgian InvestSuite raises €3 million in funding
The Leuven, Belgium-based investment solutions provider InvestSuite has raised €3 million in a funding round held in December 2020, from PMV, AB Accelerator, 365.fintech among others. The latest round brings the total funding raised to €9 million. Founded in 2018 by Bart Vanhaeren and Laurent Sorber, InvestSuite is a global WaaS (Wealthtech-as-a-Service) startup providing automated investment solutions to help financial institutions...
The biggest M&A deals of the food industry
With the M&A deals on the hike, and more investments flowing in the food industry, it is constantly growing in its revenue and new emerging companies. The food market revenue is expected to reach the value of US$ 970,393 million with the annual growth of 0.8 per cent in 2020. The food industry consolidation has always been facilitated by the...
LifeRaft secures US$ 3.5 million seed fund
A California based supplementary health insurance startup LifeRaft raised US$ 3.5 million seed funding on 22nd December 2020. With the seed funding co-led by XYZ Venture Capital and Costanoa Ventures they also started offering their first product. The seed funding will be utilized in the development of products that includes discovering what and how of building coverage. The investment will...
Chinese EdTech startup Meishubao raises US$ 210M in Series D funding
Beijing, China-based online art learning platform Meishubao has raised US$ 210M in a Series D funding round held in December 2020, led by TPG Capital’s Rise Fund. Other investors in the funding round include Fortune Capital, Winsdom Capital, SAIF Partners, Bojia Capital, and Chuangzhi Capital. The latest round brings the total funding raised by the startup to date to US$ 306.3M...
Deliveristo nets €4.5 million in Series A funding
Milano, Italy-based food-tech marketplace Deliveristo has raised €4.5 million in a Series A funding round held in December 2020, led by United Ventures. Other investors in the funding round include IAG, Gellify, Doorway, Seven (Angelomario Moratti) and Metrica (Michele Novelli). Proceeds from the funding round will be used by the startup to develop its technical aspects and to expand the...
SiCepat bags US$ 50M in Series B funding
Jakarta Pusat, Indonesia-based logistics startup SiCepat Ekspres has bagged US$ 50M in a Series B funding round held in December 2020, from Praus Company. The latest funding round gives the Indonesian startup a post-money valuation of US$ 736M, as per Accounting and Corporate Regulatory Authority filings collected by VentureCap Insights. Upon funding SiCepat, Praus Company has obtained an 8.3% stake...
EdTech startup Cakap raises US$ 3M in Series A+ funding
Jakarta, Indonesia-based edtech startup Cakap has raised US$ 3M in a Series A+ funding round held in December 2020, led by Heritas Capital. Other participants included Strategic Year Holdings and previous investors Investidea Ventures and Prasetia Dwidharma. According to its press release, proceeds from the funding round will be used to increase the headcount of its team, develop its technical...
ONL Therapeutics secures US$ 46.9M in Series B funding
ONL Therapeutics, Inc., a Michigan-based biopharmaceutical company which develops novel therapies for guarding the vision of patients with retinal disease, secures a US$ 46.9 million in a Series B financing round held in December 2020. This investment round was led by new investors Bios Partners with other participants Johnson & Johnson Innovation – JJDC, Inc., Kaitai Capital, PSQ Capital, and...
Qualia, the latest Tech Unicorn secures US$ 65M in Series D funding
Qualia, a leading digital real estate closing technology company, declared that it has raised US$ 65 million in Series D funding held in December 2020, raising its total funding to US$ 160 million and valuing the five-year-old company above US$1 billion. The latest round was led by existing investor Tiger Global along with existing investors 8VC and Menlo Ventures. Also,...
