Israeli AI startup NovaSight recently announced today that it has finalized its round A financing totaling $8mn. The round was led by Rimonci Capital and joined by world-leading strategic investors from both pharmaceutical and medical device industries. Prior to this round the company had raised $8mn for a total of $16mn. The funds will be…
Dutch eyewear brand Ace & Tate recently announced that it has raised a financial investment of €14.25mn led by existing investor Rinkelberg Capital LTD. The recent investment brings the 7-year-old company’s total funding to €57.5 million. The funding allows Ace & Tate to invest in three critical areas of the business: retail expansion in new…
Drug discovery and development company Mission Therapeutics recently said that it has raised $15mn in equity investment. The funding round was led by company’s existing investor Pfizer Ventures, the venture capital arm of Pfizer Inc. Along with the investment, Mission and Pfizer Inc. have also expanded their relationship by entering into an evaluation and option…
As the coronavirus pandemic has altered the ways recruiting was done by companies, Human Resources-based tech platforms are on a steady rise. HR tech platforms and services have recently become the new talk of the town in the startup ecosystem. Recently, Seattle-based HR tech platform Humanly announced that it has raised about $800,000 from several…
FlyForm, a UK-based Elite ServiceNow partner, announced that it has received a growth capital investment from Lloyds Bank, in partnership with Izy Capital as Lead Advisor. With this investment, FlyForm will continue to consolidate its position as the leading ServiceNow consultancy firm, before expanding into complementary market spaces, ultimately targeting annual revenue of £1 billion…
JM Financial, India’s leading financial services group that offers an array of services to corporations, financial institutions, high net-worth individuals and retail investors, announced that it has completed its proposed investment of Rs 400 mn in coliving operator, Isthara Parks Private Limited. The investment was completed in two tranches between July 2019 and June 2020. …
Just days after signing an MoU with Great Wall Motor, the Maharashtra government is reportedly trying to stall the proposed $500mn investment by the company in the state due to the growing anti-China sentiment in the country. The recent development comes in the wake of a deadly border clash between soldiers of India and China.…
British cinema operator Cineworld recently announced that it has secured a $250mn debt facility from a clutch of private institutional investors. The recent funding is expected to help the cinema operator to prepare for reopening of theatres following the easing of coronavirus-led lockdowns globally. The funding is also significant for the company as it had…
GoldenPi, a Bengaluru-based online aggregator of bonds and debentures available in the secondary market, announced that it has raised Rs3.5 crore funding from Rainmatter Capital, a fund created by stock trading platform Zerodha to incubate innovative Indian fintech startups. Founded in 2017 by Abhijit Roy and Samir Pratihar, GoldenPi is looking to open up transactions…
German automobile manufacturing giant Volkswagen recently announced that it has increased its stake in US-based solid state battery company QuantumScape. The automaker has recently invested another $200mn in the Stanford University spinout startup to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times. “We…
InvAscent, a healthcare private equity firm, announced that it is investing Rs 70 crore in Murli Krishna Pharma Pvt. Ltd, a drug delivery systems (DDS) company in India that provides a range of effective solutions to optimize the delivery of pharmaceutical products. InvAscent has put Rs 70 crore ($9.25 million) in the Pune-based company, the…
Nazara Technologies, a Mumbai-based gaming and sports media company, announced that it has made an additional investment in fantasy sports startup Halaplay through an equity swap of stocks from Kae Capital worth Rs 14.6 crores, according to an ETtech report. Post investment, Nazara becomes a majority stakeholder in Bengaluru-based Halaplay Technologies. Nazara has invested in…
Wipro Limited, a global information technology, consulting and business process services company, announced a strategic partnership with CloudKnox Security. The corporate investment arm of Wipro, Wipro Ventures, has invested in CloudKnox through its $150M Fund II. “The Wipro and CloudKnox joint solution offering enables enterprises to proactively protect and manage their Hybrid and Multi-Cloud infrastructure…
Knocksense Media Services Pvt. Ltd, a Lucknow-based local news discovery and distribution platform, announced that it has raised capital from Mumbai Angels Network. Finance details of the investment remain undisclosed. The company will use the funds to strengthen its tech platform and create a content bank for new geographies launch, Knocksense said in a statement. …
Mukesh Ambani-led Reliance Industries recently announced that it has secured $752mn from the Abu Dhabi Investment Authority for its digital arm, Jio Platforms. As part of the transaction, ADIA will reportedly buy 1.16% of stake in Jio Platforms. In a regulatory filing, Reliance said, ADIA’s investment in Jio Platforms, which comprises Reliance’s telecoms arm Jio…