Weekly Investment Picks (April 13 to April 20)
April 20, 2020
The latest family office and institutional deals from the past week.
BioCatch raises $145 million in funding round led by Bain Capital
Tel Aviv-based biometrics company BioCatch has raised $145 million in its latest funding round. The round, led by Bain Capital’s Tech Opportunities Fund, brings the company closer to perfecting its artificial intelligence based remote user verification platform.
Anti-counterfeit specialist Advanco acquired by Parabellum Investments
The rapid rise of counterfeit medicines and fake drugs during the ongoing COVID-19 pandemic is a global concern that Brussels-based Advanco seeks to resolve. The company provides drug verification and tracking systems for authentic pharmaceuticals. Last week, Parabellum Investments acquired the company.
Stripe raises $600 million in new funding
Payments unicorn Stripe has raised $600 million in a Series G round of funding. The round was led by Andreessen Horowitz, General Catalyst, GV and Sequoia. The company’s valuation remains the same as its previous round.
Coder Raises $30M
Austin-Based cloud software provider Coder has raised $30 million in its latest round of funding. The round was led by GGV Capital, and included Uncork Capital, Redpoint Ventures and In-Q-Tel Inc. Coder is now worth $200 million.
Edited has raised $29 million in a new round of funding
AI-driven retail startup Edited has raised fresh funds from Boston’s Wavecrest Growth Partners and Beringea UK. The company’s platform is used by over 200 brands and retailers.
Gembah secures $3.28M in seed funding
Austin-based product development platform Gembah has landed a seed round of funding. First-time investor Silverton Partners led the round. The firm intends to democratize product development.
Choco raises $30.2M, doubles valuation
Berlin-based Choco has closed a Series A round led by Bessemer Venture Partners. The company provides a platform that connects restaurants to food suppliers.
Verizon to buy video conferencing platform BlueJeans
On Thursday, telecommunications giant Verizon announced it would acquire enterprise video conferencing startup BlueJeans. The deal is reportedly worth under $500 million, according to The Wall Street Journal.
Lucid raises $52M
Utah-based Lucid, a company that provides cloud-based visual workspace applications, has raised $52 million in its latest round of funding. The company says it has 20 million users in 180 countries worldwide and generates $100 million in annual recurring revenue.
Frame AI Secures $6.3M Series A
New York-based customer interface startup Frame AI has raised $6.3 million in Series A funding. The round was led by G20 Ventures and Greycroft.
New Unicorn: VAST Data Secures $100M
New York-based data storage company VAST Data has raised $100 million in its latest round of funding. The Series C round has tripled the company’s valuation to $1.2 billion, making it a unicorn.
RefleXion Medical raises $100M financing for cancer therapy
Hayward, California-based RefleXion Medical has raised its latest round of funding to develop its cancer treatment. The round was led by Public Sector Pension Investment Board, one of Canada’s largest pension investment managers and also included existing investors, TPG’s The Rise Fund, KCK Group, Sofinnova Partners, Venrock, T. Rowe Price, Pfizer Ventures and Johnson & Johnson Innovation – JJDC Inc.