Harrison.ai raised $92.3 million USD, Droplette secured $15.4M,Read more...
AppDirect raised $140M; CampoRico Fertilizers secured $40M; OptiNose nabbed $30M
- TNI medical AG, a Würzburg, Germany-based medical device company, raised €3 million ($3.36 million) in venture capital funding. Pathena Fund made the investment. Led by CEO Ewald Anger, TNI medical develops, produces, and sells devices for respiratory therapy, for both clinical intensive and inpatient care as well as for home care use. The recently introduced TNI®softFlow systems allows the maximiation of patient comfort with provision of full respiratory support.
- Scalock, a company that wants to secure the burgeoning container space, announced a $4 million Series A round today. The funding was provided by Israel venture capitalists TLV partners, a new fund launched earlier this year by veterans of the Israeli VC scene, Rona Segev and Eitan Bek. The company, currently is based in Tel Aviv, and plans to keep its engineering team in Israel, but will open an office for the sales and marketing arm in Silicon Valley next year.
- An early-stage biotech formed two years ago at Atlas Venture has brought in another $6 million in funding and named two new board members as it works to develop new kinds of treatments for pain and inflammation. Quartet Medicine, which officially launched a year ago with $17 million in Series A funding from Atlas, Novartis Venture Funds, Pfizer Venture Investment and Partners Innovation Fund, has closed that round at $23.25 million. The extra money comes from the Dallas venture firm, Remeditex, and what the company described as “two undisclosed Shanghai-based strategic investors.”
- Swiss-based semantic search company Hulbee, which launched a consumer search engine in the U.S. this August, has closed a $9 million angel funding. The investors are not being disclosed beyond the firm saying one is a serial entrepreneur from Switzerland and the other is a business person from Canada. The angel funding will specifically be used to expand its consumer search engine, according to Wiebe.
- Netsertive, a Research Triangle Park, North Carolina-based digital marketing intelligence company that enables brands and their local channel partners with co-op compliant digital marketing capabilities, scored $15 million in Series C financing. River Cities Capital Funds joined existing investors (RRE Ventures, Harbert Venture Partners, and Greycroft Partners) in the round. In conjunction with it, Rik Vandevenne, Director, River Cities Capital Funds, joined the company’s Board of Directors.
- MOVE Guides Ltd., a London-based startup with San Francisco offices, has landed $15.6 million in a Series B round of funding for an enterprise app that promises to make mobility less costly for companies and easier for employees. New Enterprise Associates led the Series B investment in MOVE Guides and was joined by Notion Capital. The company helps employers arrange the shipping of household goods, sort out immigration and tax-related matters before an employee moves, and find services that will help employees get set up in a new country. It does so primarily through its closed marketplace, which matches vendors to an employer based on their needs around each specific move.
- European Nest-competitor Tado has nabbed $17.1 million to help grow its home climate-control business and “accelerate product innovations” and global expansion. Some notable names participated in the round, including Siemens’ venture capital unit and Statkraft Ventures, the investment arm of one of Europe’s biggest renewable energy companies. This effectively doubles Tado’s total funding to date, as it raised $13.5 million last year and a $2.6 million seed round before that.
- CareSync, a provider of software and services for chronic disease management, today announced it has secured $18 million in Series B funding. Round participants include the Merck Global Health Innovation Fund (Merck GHI), Greycroft Partners and Harbert Venture Partners, as well as existing investors Tullis Health Investors, Clearwell Group, CDH Solutions and Travis Bond. The funding will help CareSync expand to meet demand for its services-enabled technology platform, strengthening its leading position in the emerging patient-centered care coordination market.
- OptiNose, a Yardley, PA- Oslo, Norway- and London, UK-based specialty biopharmaceutical company, closed a $30 million round of financing. Backer included Avista Capital Partners, WFD Ventures and Entrepreneurs Fund LP. The company intends to use the funds to seek approval for OPN-375 for the treatment of nasal polyposis with associated nasal congestion, a type of serious chronic nasal inflammatory disease, as well as pursuing development of other pipeline assets such as OPN-300, a product now in Phase II development, utilizing a large molecule to facilitate treatment of serious central nervous system disorders, such as Autism.
- CampoRico Fertilizers, an importer and distributor of fertilizers through Northern Brazil, announced today additional equity funding amount of up to $40 million from NGP Global Agribusiness Partners (“NGP GAP”), a premier equity sponsor in the agribusiness sector, and an affiliate of NGP Energy Capital Management. Campo Rico was formed in 2014 as a new fertilizer distribution company in Brazil and has grown quickly by bringing fertilizer solutions to farmers in formerly underserved markets in Northern Brazil. With its corporate office in São Paulo and base of operations in Santarem, Para, Campo Rico is poised for growth in the highest growth agricultural regions in Brazil.
- AppDirect makes it easier for enterprises to buy cloud services from the likes of Box, Google, Symantec and others (and serves as a kind of referral service for these businesses). The company today announced that it has raised a $140 million funding round led by J.P. Morgan. All of the company’s existing institutional investors, including Foundry Group, iNovia Capital, Mithril Capital Management and Stingray Digital, also participated in this round. AppDirect has now raised a total of $245.75 million, including a $50 million Series D round the company raised earlier this year.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to email@example.com.
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