Financial news, corporate announcements, analysts’ reports
SAN FRANCISCO: COVU Inc., a leader in AI-native services for insurance agencies, today announced the successful completion of $12.5 million in equity and debt financing, as part of the first tranche of its Series A funding round. This brings total funding to date to over $20 million. The funding round attracted investment from prominent investors…
CAMBRIDGE: clock.bio, a healthspan biotech, raised $5.3 million in seed funding led by LocalGlobe, with participation from BlueYard Capital, Onsight Ventures, and Dr. Jonathan Milner, the Founder of Abcam. The company has made significant progress in decoding the biology of human rejuvenation, identifying more than 100 genes that jointly constitute an “Atlas of Rejuvenation Factors.” While all…
LONDON: Syncona Ltd’s portfolio company Purespring Therapeutics, a pioneering gene therapy company focused on transforming the treatment of kidney diseases has raised £80 million in an oversubscribed Series B financing. Syncona has committed £19.9 million as part of a leading Series B syndicate, led by Sofinnova, in collaboration with Gilde Healthcare, Forbion, and British Patient…
LONDON: Valereum Plc (AQSE: VLRM) announced the launch of VLRM Capital Management Limited (VCM). VCM was incorporated in Gibraltar on the 4th of July 2024 as a 100% subsidiary of Valereum Plc and will act as director of VLRM Capital Management VSA Private Fund Limited. The fund was incorporated in Gibraltar on the 4th of…
NEW YORK: VELA, a pioneering French company innovating in 100% wind-powered maritime transport, is proud to announce a significant funding round of €40 million ($43 million USD)—a round led by Crédit Mutuel Impact, 11th Hour Racing & BPI – French Public Investment Bank. “This major fundraising marks a key step in VELA’s development. We are…
Trestle, the construction industry’s only subcontractor and supplier data centralization and performance management solution, has secured $2.3M in pre-seed funding led by Lerer Hippeau with additional participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures. “Developed by a team with over 15 years of construction experience, Trestle is uniquely…
Dubai: UAE-based Web3 streaming platform, myco, has successfully completed the first closing of its Series A funding, raising $10 million from prominent venture investors across MENA, North America and Europe. Key participants include Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners, and Enjinstarter, along…
ABIDJAN, Côte d’Ivoire: Adenia, a leading private equity firm focused on growth opportunities in Africa, has finalized the sale of its 100% equity stake in OMOA Group to SPE Capital, a private equity firm focused on the Middle East and Africa. Founded in 1999, OMOA is the leading integrated service provider for the payments industry in West and…
MIAMI: CTA Smart, a leading technology company in the fuel sector, has secured a US$ 3 million investment in a new funding round to boost its international growth. Led by Invisto and Indicator Capital, this investment will support CTA Smart’s expansion into the American market and lay the groundwork for global outreach. Investment Details Indicator…
Skild AI, an AI robotics company building a scalable foundation model for robotics, has closed a $300M Series A funding round. The funding brings the company to a valuation of $1.5 billion.
Syncona Ltd announced that it has committed $42.5 million (£33.5 million) to a $170 million (£134 million) Series B financing of its portfolio company Beacon Therapeutics, a leading ophthalmic gene therapy company
LONDON: Tribe Technology PLC (AIM: TRYB), a disruptive developer and manufacturer of autonomous mining equipment, has conditionally raised approximately £1.41 million through a combination of fundraising activities. These include a Placing of 14,216,652 new ordinary shares (Placing Shares) at an issue price of 4.50 pence per share, raising approximately £0.64 million. Additionally, the company issued…