Today’s Funding Roundup: Massive Millions and a Cancer Drug IPO

July 28, 2015

3:00 pm

Tuesday brings with it a whole new cohort of news and announcements, specifically massive amounts of funding for some companies. We also have an IPO from a startup that’s developing a promising lung cancer drug out of Cuba. Let us know what you think of today’s news, or if we missed anything you’d like to see mentioned.

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Funding

MOBI Announces a $35 Million Investment

Based out of Indianapolis, MBOI is a global tech platform that empowers enterprises to manage the complexities of connected device environments. Today they announced that they’ve received $35 million from Bregal Sagemount, a New York growth equity firm. The funds will enable MOBI to capitalize on the growth of the industry, invest in global expansion, and develop the next generation of their tech.

Optoro Raises $40 Million in Venture Debt

Optoro‘s platform was built to connect buyers and sellers around returned and excess inventory, and today they announced a $40 million debt financing commitment from TriplePoint Venture Growth BDC Corporation and Square 1Bank. At the end of last year they raised $50 million in a Series C – after today’s funding their collective total is $100 million.

Yozio Secures $7 Million Series A

The $7 million Series A funding round Yozio closed today will be used to help businesses around the world grow, activate, and convert their mobile user base. This bout of funding came after Yozio saw record growth, powering more than 75 million mobile app installations. Foundation Capital led the funding round with participation from Illuminate Ventures, Webb Investment Network, and AME Cloud Ventures.

Deliveroo Raises a $70 Million Series C

A London based meal delivery startup that works with restaurants across Europe, Deliveroo, has announced that it has raised $70 million Series C funding round led by Greenoaks Capital and Index Ventures. Deliveroo’s existing investors Accel Partners and Hoxton Ventures also participated in the round.

Payments Startup Stripe Raises Funds at $5 Billion Valuation

Online payments startup Stripe said it had raised new funding that values the five year old company at $5 billion from investors including Visa and VC firm Kleiner Perkins Caufield & Byers. Existing investors Sequoia Capital and American Express Co. also participated in the round, which a Stripe spokeswoman said raised less than $100 million.

IPO

Cuban Cancer Drug Startup Plans to IPO in London

Bioven, the Malaysian Biotech Company is looking to accelerate and expand its clinical trials of a promising non-small cell lung cancer drug developed in Cuba. According to Bioven’s CEO Stephen Drew, the startup aims to raise US $30-35 million by the end of this year or early 2016 on the junior AIM market in London.

Image Credit: Wikimedia Commons

 

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Will is a Senior Writer with Tech.Co, based out of America's Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He's the resident Android junkie and will be happy to tell you why you should switch to the OS. When he's off the clock, Will focuses his literary talent on the art of creative writing...or you might find him surfing in Ocean Beach. Follow Will on Twitter @WJS1988

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