Regulus Cyber secured $4M; Electric has raised $7M; Quartz Systems landed $7.8MRead more...
Lyft bagged $105M; modeFinance received $1.4M investment; Anpac Bio raised $2M funding
- Phytech, a Kibbutz Yad Mordechai, Israel-based provider of Ag analytics and data management solutions, closed a Series A funding round of undisclosed amount. Backers included Syngenta Ventures and Mitsui & Co Europe. The company intends to use the funds to expand its technology platform and support its continuing commercialization globally.
- Dentsu Ventures, a corporate venture capital of Japanese ad agency Dentsu, announced that it has invested an undisclosed sum in San Diego-based Cue, a startup developing a health tracking device under the same name. Financial details have not been disclosed. For Dentsu Ventures, this is the fifth investment in a startup followed by Jibo (communication robot), Agolo (curated content generation), Nextbit (cloud-based smartphone), Sensai (bigdata analasys), and others.
- HealPros, LLC, an Atlanta, GA-based mobile telemedicine triage service company that provides mobile diabetic retinopathy eye examinations on behalf of healthcare payers across the country, closed a round of Series A funding of undisclosed amount. The round was led by New York-based Sopris Capital. The company intends to use the funds to expand its mobile diabetic retinopathy program into at least twenty-five states in 2016.
- Anpac Bio-Medical Science Co., Ltd., Chief Executive Officer Dr. Chris Yu announced that Venture Capital (VC) Firm, Shanghai Zhangjiang Science &Technology Investment Corporation (ZJSTIC), as well as private investors related to the insurance industry, have again invested over $2 million to support Anpac's "Cancer Differentiation Analysis" (CDA) technology.
- DipJar, a New York-based startup that enables cashless generosity via its tip jars and donation boxes for credit cards, closed a $2.4 million seed round last week. With this funding, DipJar will expand its national hardware footprint and continue development of software solutions for customers. Existing investors Bolt and Project 11 participated, joined by Corazon Capital, Charge Ventures, Matthew Vettel of Great Hill Partners, Jamie Goldstein, and a number of other angels.
- Qu Biologics Inc., a biotechnology company developing Site Specific Immunomodulators (SSIs) that aim to restore the body’s normal immune response, said Thursday that it has closed an oversubscubscribed private financing of C$3.5 million (US$2.5 million). It did not disclose investors. Qu Biologics has raised over C$19 million to date. Qu Biologics, a Vancouver, British Columbia-based biotech, develops immunotherapies aimed to restore normal immune function.
- modeFinance, a Trieste, Italy-based company which specializes in the economic-financial valuation of and in the credit risk management of corporations, received a €1.3 million (approximately $1.4 million) investment from Gruppo Corvallis. Gruppo Corvallis acquired a 43% stake in the company via Corvallis BI (business information), which is controlled by Corvallis Holding. The funds will allow modeFinance to grow globally.
- Chinese Internet security start-up Qingteng Cloud Security has received RMB60 million (US$9.3 million) series A round of financing from China Broadband Capital and Redpoint Ventures, according to a company announcement. The start-up received RMB6.5 million angel investment from the Zhen Fund and others last year. The global Internet security market is projected to grow to US$170 billion by 2020, up from around US$77 billion in 2015.
- Ride-sharing service Lyft is getting a boost from Saudi Arabia’s Prince al-Waleed bin Talal. The prince announced Thursday that his Kingdom Holding Co. is paying $104.9 million for 2.3 percent of Lyft, part of a larger investment by an unnamed group of $247.7 million for 5.3% of the San Francisco-based company. The investment boosts Lyft’s estimated valuation to $4.92 billion.
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Image source: lightercapital.com
Read more from our "Daily Funding Roundup" series
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