September 24, 2015
Today’s Tech.Co deals roundup features seven different companies that all received some pretty big funding. One of the most interesting on here is Metabiota, a company that has dedicated their efforts to building an on the ground network of professionals to track disease outbreaks. To me, that’s innovative, pure and simple. We’ve also got two companies who are working on IPOs this week for all of you looking to publicly invest in something.
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DriverUp was built to be an online marketplace for automotive financing, and they announced today that they’ve raised a $20 million Series B funding round led by SF Capital Group, with participation from earlier backers Emerald Development Managers and RRE Ventures.
The San Francisoc based CliniCloud, a company that makes connected medical devices for the home, has raised $5 million in seed funding. Participation came primarily from from Tencent Holdings and Ping An Ventures.
Designed as an online gold trading platform that lets customers buy, store, and sell gold online, G-Banker has officially raised a $17 million Series B funding round. Softbank China Venture Capital and the Chinese real estate firm the Evergrande Group both led the round.
Metabiota has made a name for themselves via their network of on the ground epidemiologists and risk analytics to track disease outbreaks. The team announced that they’ve raised $1 million from Google Ventures as an add on to a recent $30 million round that included investors Data Collective, Capricorn Health and Special Opportunities, Industry Ventures, RSTP, and WP Global Partners.
Scribble Technologies successfully closed their Series D funding round today, bringing in $35 million from OpenText Enterprise Apps Fund. There was additional participation from a host of other firms as well.
The eSports tournament platform Skillz has raised $15 million in Series B funding, led by David Bonderman’s Wildcat Capital Management. The round also welcomed participation from The Kraft Group, owners of the New England Patriots, and Marc Lasry – coowner of the Milwaukee Bucks.
Veran Medical Technologies
Veran Medical Technologies, a 16-year-old, St. Louis, Mo.-based company that’s commercializing technologies to detect lung cancer at an early stage, has raised $30.6 million co-led by River Cities Capital Funds and Versant Ventures, with participation from earlier backers 3G Capital, Advantage Capital, Dynamic Investments, Rex Health Ventures, Prolog Venturesand Vectis.
Bioceres, an Argentina based agro industrial biotechnology business, has filed for an initial public offering of American Depositary Shares. Specifically, they’re looking to raise money for general corporate purposes, including the expansion of their business and the development of a seed distribution channel. According to the founders, they’re looking to raise up to $80.5 million, but they also said that amount was used just as a placeholder to calculate a registration fee.
Pure Storage has set the terms for its IPO, revealing that it’s looking to raise up to $450 million. Per the company, the IPO was expected to be priced in the range of $16 to $18 per class A share, which would value the company just around $3.33 billion. Pure Storage makes flash based storage devices, which are typically much faster than storage that runs on hard disk drives, and competes with larger, established rivals such as EMC Corp and NetApp.
Image Credit: Wikipedia
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