PITTSBURGH, March 31, 2020-- Seegrid, the leader in self-driving industrial vehicles for material handling, today announced that it has closed a $25 million growth equity investment from G2VP, a venture capital firm focused on investing in industrial technology companies. Specific financial terms were not disclosed, however, the company indicated that the investment reflects a multi-hundred million dollar valuation. "Revenue in 2019 was record-breaking for Seegrid, and despite the COVID-19 pandemic crisis, we already have orders in hand to assure continued growth in 2020," said Jim Rock, Seegrid chief executive officer.
TC Energy Corp on Tuesday said it would proceed with its $8 billion Keystone XL pipeline with financial backing from the oil-rich province of Alberta, pushing the long-delayed project forward amid a global oil market collapse.
SAN DIEGO, March 31, 2020-- AristaMD, a digital health company that provides a proprietary eConsult solution to connect primary care providers (PCPs) with timely, documented specialist insights, has raised $18 million in Series B funding. The round was led by Cigna Ventures and MemorialCare Innovation Fund (MCIF), with participation from Avalon Ventures, CU Healthcare Innovation Fund and Stanford Health Care. Proceeds from the raise will be used to accelerate expansion of its proprietary eConsult platform across the country. AristaMD is focused on accelerating access to specialty care and reducing unnecessary healthcare expense.
Allset Raises $8.25M Series B Amid Increased Demand For Online Takeout Orders Caused By The Global Pandemic
Allset raises $8.25M Series B amid increased demand for online takeout orders caused by the global pandemic LOS ANGELES, March 31, 2020-- Los Angeles-based food pre-ordering service Allset (www.allsetnow.com) today announced it has raised $8.25 million in Series B funding round, led by EBRD with participation from existing investors Andreessen Horowitz, Greycroft, SMRK VC Fund, as well as new investor Inovo Venture Partners. The new round brings the Allset's total investment to $16.6 million. "Today we are actively working to ensure the safety of customers and supporting the local businesses.
Sofinnova Investments Strengthens Executive Team With Promotions Of Maha Katabi, Phd, Cfa And Sarah Bhagat, Phd
Sofinnova Investments Strengthens Executive Team with Promotions of Maha Katabi, PhD, CFA and Sarah Bhagat, PhD MENLO PARK, Calif., March 31, 2020-- Sofinnova Investments, a clinical stage biopharmaceutical investment firm, announces the promotions of Maha Katabi, PhD, CFA to General Partner and Sarah Bhagat, PhD to Partner. Maha Katabi, PhD, CFA who joined Sofinnova in April 2019, has been essential to the firm's executive team in addition to enhancing the team's geographic investment coverage across North America and Europe. She is an experienced investor in biopharma companies, with more than two decades of venture capital and public equities investment experience.
- Proceeds to Fund Development of ZT-01 Through Phase 2 Clinical Trials - - Series A Financing led by the Perceptive Xontogeny Venture Fund - TORONTO, March 31, 2020-- Zucara Therapeutics Inc., a diabetes life sciences company developing the first once-daily therapeutic to prevent insulin-induced hypoglycemia (low blood glucose levels), today announced that it has closed a US$21 million Series A Financing led by the Perceptive Xontogeny Venture Fund ("PXV Fund").
SAN CARLOS, Calif., March 31, 2020-- CellFE, Inc., an innovative startup developing a microfluidics based device to deliver gene-editing molecules, today announced it has completed a $4.8 million Series Seed round of financing. Dynamk Capital and Cota Capital co-led the investment round with participation from Embark Ventures, Elm Ventures and McEwan Lane Family Trust. Dr. Gustavo Mahler, Venture Partner, Dynamk Capital and Cota Capital's Founder and Managing Partner Bobby Yazdani will be joining the board of directors.
Modelop Raises $6M In Series A Funding From Valley Capital Partners To Meet Increasing Demand For Foundational Modelops Capabilities For Enterprise Ai
ModelOp Raises $6 Million in Series A Funding from Valley Capital Partners to Meet Increasing Demand for Foundational ModelOps Capabilities for Enterprise AI New Funding Solidifies and Extends Leadership in Operationalizing AI and Machine Learning Models at Enterprise Scale CHICAGO, March 31, 2020-- ModelOp, the pioneer of ModelOps software and services for major enterprises, today announced that it has closed a $6 million Series A round of funding, led by Valley Capital Partners, with participation from Silicon Valley Data Capital, and expands the company's board with the addition of Steve O'Hara, Managing Partner at Valley Capital Partners.
Affinia Therapeutics Raises $60M In Series A Financing To Advance Rational Design Aav Platform And Transformative Gene Therapies
Affinia Therapeutics Raises $60M in Series A Financing to Advance Rational Design AAV Platform and Transformative Gene Therapies * Lead Venture Investors Include Atlas Venture, F-Prime Capital and NEA * Industry Veterans Sean Nolan and Rick Modi Join Forces with Renowned Scientific Co-founders Luk Vandenberghe, Botond Roska and Aaron Tward * Company Focused on Devastating Genetic Muscle and Central Nervous System Diseases.
Kyash Announces Us$45 Million Series C Funding From Global Venture Capital Firms As It Heads Into Banking
Kyash Announces US$45 Million Series C Funding From Global Venture Capital Firms As It Heads Into Banking TOKYO, March 31, 2020-- Kyash has raised $45 million in a Series C Funding round co-led by Greenspring Associates and Goodwater Capital, a global consumer technology investor along with several venture capital firms from around the world to accelerate its full-stack mobile banking business in Japan. Total funds raised as of today are $73 million.