- Malaysia-based iPrice, which aggregates a multitude of ecommerce sites in Southeast Asia into a single shopping destination, today announced it raised $1.2 million in seed funding – its second round. Existing investor Asia Venture Group led the investment, while 500 Startups, IMJ Investment Partners, Venturra Capital, F2 Capital, and Startstrike Ventures participated. This new amount brings iPrice’s total funding to US$1.75 million to date.
- Inthera Bioscience, a Swiss biopharmaceutical company focused on the development of first-in-class targeted small molecule therapies for solid tumors, today announced the closing of a €3.4 million (approximately $3.7 million) financing round led by MS Ventures, with equal contribution from Aglaia Oncology Fund II and Novo Seeds. EVA Basel also participated in the financing.
- ReliefBand Technologies, a therapeutic technology, has announced it has raised $5 million in venture capital funding in an initial founder round that was three times oversubscribed. The round was led by PathoCapital, the specialty healthcare fund headed by former Baxter Healthcare and Ovation Pharmaceuticals CEO, Bill Gantz. The investment will fuel the consumer market introduction of ReliefBand, an FDA cleared wearable device for the drug-free treatment of nausea.
- PointGrab today announced an investment totaling $5 million from ABB Technology Ventures, EcoMachines Ventures, and Flex Lab IX. Saar Wilf, PointGrab’s Chairman and first investor, is also participating in this funding round. Through this investment, PointGrab fuels its expansion into the rapidly growing $30 billion home and building-automation market. By embedding deep learning technology into optical sensing IoT devices, PointGrab products provide detailed information about activity within buildings to effectively support energy-saving, facility management, occupant comfort and safety, as well as business intelligence.
- Faction, an enterprise-class Infrastructure-as-a-Service (IaaS) cloud provider offering hybrid, private, and public cloud solutions, announces it has raised $6 million in funding this month. Faction’s most recent round of funding comes from current investment partners Meritage Funds and Sweetwater Capital, as well as debt financing from Ares Capital Corporation. The $6 million in debt and equity capital will be used to fund the company’s explosive customer demand.
- Continuum Analytics, an Austin, TX-based developer of open source analytics platform Anaconda, powered by Python, secured $10 million working capital line of credit. Silicon Valley Bank provided a $5 million operating line of credit along with an additional $5 million venture debt instrument. The company will use the funds to supplement its current equity capital and to fund ongoing growth.
- Pramata, a customer relationship intelligence company, today announced a new financing round of $10 million. The Series A growth equity round was led by Boston-based Volition Capital, joined by current investors Argosy Capital and Peninsula Ventures. Leading companies including CenturyLink, Cisco, Comcast, Medtronic, Truven, FICO and Novelis have adopted Pramata.
- Vayyar Imaging, a Tel Aviv, Israel-based 3D-imaging sensor company whose technology makes it possible to see through objects, raised $22 million Series B funding. The round was led by Walden Riverwood with participation from Battery Ventures, and existing investors including Bessemer Venture Partners, Israel Cleantech Ventures (ICV) and Amiti Ventures. The company, which has raised $34M in total, intends to use the funds to scale its enterprise offering across the globe.
- Bizfi, a FinTech company whose online small business finance platform combines aggregation, funding and a participation marketplace, announced that Metropolitan Equity Partners (“Metropolitan”) has provided a structured financing facility of $65 million to the company to drive growth. Metropolitan’s investment provides the financial flexibility and strength to support Bizfi’s growth plans. The new investment expands upon Metropolitan’s prior involvement as an active buyer of loan participations and a mezzanine lender to the Company for the past three years.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv.
Image source: bloomberg.com
