VENTURE DEALS
- N26 GmbH, a Germany-based provider of a mobile banking solution, raised a $170 million extension of its Series D funding round to $470 million. The deal values the company at $3.5 billion. Investors include Insight Venture Partners, GIC (Singapore's sovereign wealth fund), Tencent, Allianz X, Peter Thiel's Valar Ventures, Earlybird Venture Capital, and Greyhound Capital.
- TravelPerk, a Spain-based developer of a tool for business travel bookings and management, raised $60 million in funding. Investors include Kinnevik, Felix Capital, Partners of DST Global, Target Global, Sunstone and LocalGlobe.=
- Traxens, a France-based provider of data and services for the supply chain industry, raised $22.7 million in Series C funding. Itochu Corporation, Bpifrance and Supernova Invest led the round.
- Pyxis Oncology, a Boston-based newly formed immuno-oncology company, raised $22 million in Series A funding. Leaps by Bayer led the round, and was joined by investors including Agent Capital, Ipsen and Longwood Fund.
- Fortify, a Boston-based 3D printing startup, raised $10 million in Series A funding. Accel led the round, and was joined by investors including Neotribe, Prelude Ventures and Mainspring Capital Partners.
- RoadBotics, a Pittsburgh-based infrastructure technology company, raised $7.5 million in Series A funding. Radical Ventures led the round, and was joined by investors including Hyperplane Venture Capital and Wharton Alumni Angels of Silicon Valley.
- TurboTenant, a Fort Collins, Colo-based online platform for tenants and landlords, raised $6.5 million in Series A funding. RET Ventures led the round, and was joined by investors including Access Venture Partners.
- UbiquitiLink, a Falls Church, Va.-based commercial space startup, raised $5.2 million in financing. Investors include Revolution's Rise of the Rest Seed Fund and Blazar Ventures.
- Horizon Blockchain Games, a Canada-based video game studio and blockchain infrastructure company, raised $3.75 million in a seed funding. Initialized led the round, and was joined by investors including Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital.
- Spruce, a Houston, Texas-based provider of hotel-inspired services to the multifamily industry, raised $3 million in funding. Fitz Gate Ventures led the round, and was joined by investors including Mercury Fund, Capital Factory and the Houston Angel Network.
- Dashmote, a Netherlands-based artificial intelligence tech company, raised $2.8 million in funding. Investors include SP Investment Associates, Three Curve Capital and Gaomei Yunjing Investments.
- Berbix, a San Francisco-based provider of hosted user verifications for online platforms, raised $2.5 million in seed funding. Investors include Y Combinator, Initialized Capital, Fika Ventures, Dream Machine and Liquid 2 Ventures.
- VComply, a San Jose, Calif.-based governance, risk, and compliance management solution provider, raised $2.5 million in seed funding. Accel led the round.
- Ready, Set Food!, a Los Angeles-based developer of a food allergy prevention system, raised $2.2 in pre-seed funding. Investors include Amplify.LA and PLG Ventures.
- Tökr, a Marina Del Rey, Calif.-based cannabis e-commerce and recommendation platform, raised $1 million in funding. Merida Capital Partners led the round.
- Fluence Analytics, a New Orleans, La.-based provider of combined hardware and software analytics solutions to polymer manufacturers, raised funding of an undisclosed amount. The investors included Energy Innovation Capital and Diamond Edge Ventures Inc.
- OceanEx, a cryptocurrency exchange, raised Series A funding of an undisclosed amount. Fenbushi Capital led the round.
HEALTH AND LIFE SCIENCES DEALS
- Kronos Bio, Inc., a New York-based developer of therapies that modulate historically recalcitrant cancer targets, raised $105 million in Series A funding. Vida Ventures and Omega Funds co-led the round, and were joined by investors including Nextech, GV (formerly Google Ventures), Perceptive Advisors, Invus and Polaris Partners.
- Orum Therapeutics, a Cambridge, Mass.-based biotech firm, raised $30 million in Series B financing. The investors were IMM Investment, Smilegate Investment, KTB Network, Stassets Investment, InterVest and KB Investment/Solidus Investment.
- Vine Health, a U.K.-based AI-driven platform providing support to improve the quality of life and survival of cancer patients, raised £1.2 million ($1.5 million) in seed funding. Playfair Capital led the round.
PRIVATE EQUITY DEALS
- OpenGate Capital Management acquired Essentra Specialty Tapes, a Forest Park, Ill.-based B2B manufacturer of specialty tapes. Financial terms weren't disclosed.
- Slim Chickens, a Fayetteville, Ark.-based fast casual restaurant franchise, raised funding of an undisclosed amount from 10 Point Capital. Financial terms weren't disclosed.
- Arsenal Capital Partners agreed to acquire a controlling interest in Revolution, a Little Rock, Ark.-based provider of sustainable plastic products. Financial terms weren't disclosed.
- AE Industrial Partners agreed to acquire Columbia Helicopters, an Aurora, Colo.-based provider of heavy-lift rotorcraft services with extensive manufacturing and MRO capabilities. Financial terms weren't disclosed.
- Kersia, a portfolio company of Ardian, acquired Choisy Laboratories, a Canada-based developer and manufacturer of chemical, biotechnological and biosecurity hygiene solutions, from the Trudeau family and Champlain Financial Corporation.
OTHER DEALS
- Frontline Education agreed to acquire Perennial EdTech, a Roseville, Calif.-based developer of education software. Financial terms weren't disclosed.
- Breville Group acquired ChefSteps, a Seattle-based food and technology company. Financial terms weren't disclosed.
IPOs
- Genmab, a Copenhagen, Denmark-based maker of antibody therapies and technologies for cancer, raised $506 million in an IPO of 28.5 million ADSs priced at $17.75. It posted revenue of $455.3 million and income of $221.6 million for 2018. Artisan Partners backs the firm. It plans to list on the Nasdaq as "GMAB." Read more.
- AssetMark Financial Holdings, a Concord-based wealth management platform for independent financial advisers, raised $275 million in an IPO of 12.5 million shares (50% insider) priced at $22. It posted revenue of $363.6 million in 2018 and income of $37.4 million. Huatai International backs the firm. It plans to list on the NYSE as "AMK." Read more.
- Voyager Air, an aircraft leasing firm, pulled its $200 million IPO in London. Read more.
- Phreesia, a New York-based software platform for healthcare providers, raised $167 million in an IPO of 9.3 million shares priced at $18, above range. The firm posted revenue of $99.9 million and loss of $45.3 million in the year ending Jan. 31. 2019. LLR Equity Partners (24% pre-offering), HLM Venture Partners (17.3%), and Polaris Venture Partners (15%) back the firm. J.P. Morgan, Wells Fargo Securities, William Blair, Allen & Company and Piper Jaffray are underwriters. It plans to list on the NYSE as "PHR." Read more.
- Mirum Pharmaceuticals, a Foster City, Calif.-based biotech developing therapies for rare liver diseases, raised $75 million in an IPO of 5 million shares priced at $15. It has yet to post revenue and posted losses of $17.3 million between May and December 2018. New Enterprise Associates (20.8%), Frazier Life Sciences (17.3%) and Deerfield Healthcare Innovation (17.3%). It plans to list on the Nasdaq as "MIRM." Read more.
- Fulcrum Therapeutics, a Cambridge, Mass.-based clinical-stage biotech developing therapies for rare diseases, raised $72 million in an IPO of 4.5 million shares priced at $16, the low end of its range. The firm has yet to post revenue and posted losses of $39.1 million in 2018. Third Rock Ventures (43.2% pre-offering), GlaxoSmithKline (9.5%), and Foresite Capital (8%) back the firm. It plans to list on the Nasdaq as "FULC." Read more.
- Oportun Financial, a San Carlos, Calif.-based provider of installment loans to those with a limited credit history, filed for a $50 million IPO. The company posted revenue of $497.6 million and income of $16.6 million in 2018. Fidelity(8.5%), Grelock(14.7%), and Institutional Venture Management (13.4%) back the firm. It plans to list on the Nasdaq as "OPRT." Read more.
EXITS
- 8x8, Inc. (NYSE: EGHT) acquired Wavecell Pte. Ltd., a Singapore-based provider of a cloud communications platform, for approximately $125 million in cash and stock. Wavecell had raised approximately $9.9 million in venture funding from investors including MDI Ventures, Qualgro VC, and Wavemaker Partners.
FIRMS + FUNDS
- CVC Capital Partners, a U.K.-based private equity firm, raised €4.6 billion ($5.2 million) for its CVC Strategic Opportunities II.
- Vida Ventures, a Boston-based life sciences-focused venture firm, raised $537 million toward its second fund, according to an SEC filing.
PEOPLE
- TSG Consumer Partners promoted Adam Hemmer to senior vice president.
- Trinity Ventures promoted John Lin to principal and hired Prakash Ramamurthy as operating partner and Lisa Coca as EIR.
- Arable Capital Partners hired Matt Reus as a vice president.
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