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Inside Venture Capital

Inside Venture Capital (Jan 7th, 2018)

--VC Reads--

-- Optimism In The Face Of Current Reality: Foundry Group founder Brad Feld (Fitbit, AngelList, Techstars) offers Bill Gates’ piece in Time, a dog sledding, and perspective.

-- Damn Girl, You’ve Got a High AQ: YC grad, IBM Watson strategist, and new SVB VP Natalie Fratto claims a priority for adaptability.

-- Leah Culver of Breaker and Tom Sparks of YC Answer Your Questions About Security and Podcasting (Video)

-- Ripple's Cofounder Is Now One of the World's Richest People: Fortune reports that his cryptocurrency XRP surpassing $3 is the origin of his wealth.

-- TechCrunch reports on who sold stakes in Uber and AR/VR investments in 2017.

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--Biotech/Health--

-- SomaLogic (Boulder, CO), health insights for personal wellness: $200M led by iCarbonX, participation from Nan Fung Life Sciences, Madryn Asset.

-- Gossamer Bio (San Diego, CA), biomedical research for unmet medical needs: $100M A led by Arch Venture Partners, Omega Funds.

-- KBP (Philadelphia, PA), biomedical research for unmet medical needs: $76M A led by Advantech Capital, SDIC Venture Capital, participation from Sangel, Ping An, Bay City Capital GF XINDE, Efung, CASH, Cowin, Korea Investment Partners, Elite.

-- Personal Genome Diagnostics (Baltimore, MD), tissue-based and liquid biopsy technologies for cancer genomics: $75M B led by Bristol-Myers Squibb, NEA, participation from Inova, Co-win Healthcare, Helsinn Investment, Windham, Maryland Venture, et al.

-- Beautycounter (Santa Monica, CA), chemical-free skin care and beauty products: $65M led by Mousse Partners, participation from TPG.

-- Genetron Health (Beijing, China), cancer genomics: $61M C led by Zhongjin Kangrui Medical Industrial Fund, participation from V Star, Shenshang Xingye.

-- NeuroGastrx (Boston, MA), therapies for gastrointestinal disorders affecting the enteric nervous system: $45M A led by 5AM Ventures, OrbiMed Advisors, venBio Partners.

-- Stoke Therapeutics (Bedford, MA), gene expression enhancement to treat diseases caused by genetic deficiency: $40M A from Apple Tree Partners.

-- Enterome (Paris, France), varied medical treatments: $38.5M D from Seventure, Health for Life Capital, LundbeckFonden, Omnes, Nestlé Health Science, Principia SGR, Bristol-Myers Squibb. Also recieved $48M loan from EIB.

-- AMW (Germany), drug delivery systems: $30M from EIB.

-- Yabuli (Hangzhou, China), O2O maternity and baby products: $23M Pre-A led by Xiaoka Capital.

-- Cityblock (Brooklyn, NY), urban healthcare services for Medicare/Medicaid recipients: $20M A led by Maverick Ventures, participation from Thrive, Alphabet‘s Sidewalk Labs, et al.

-- Themis (Vienna, Austria), vaccine development: $12M C led by Global Health Investment Fund, participation from aws Gruenderfonds, Omnes, Ventech, Wellington Partners.

-- Recros Medica (Longwood Fund), aesthetic device focused on reducing skin laxity and focal contouring: $9M from Longwood Fund.

-- Joylux (Seattle, WA), women's health and wellness products: $5M A from Rick Segal, Seattle’s Alliance of Angels, Houston Angel Network, Belle Capital, Golden Seeds. CEO Colette Courtion spent six years as Starbucks’ director of card and customer loyatly.

--Enterprise--

-- WP Engine (Austin, TX), platform for companies to build sites using WordPress content delivery: $250M from Silver Lake. To expand into Australia and New Zealand.

-- Kingsoft Cloud (Beijing, China), cloud computing: $220M led by Shunwei Capital, Forebright Capital, Beijing Liyue Jinshi, participation from Kingsoft.

-- Concord (San Francisco, CA), enterprise contract management platform: $10M A led by CRV, participation from Alven.

-- Xiaomen (Shenzhen, China), import/export business service provide: $10M C led by China Growth Capital, participation from Qiming.

--Fintech--

-- BlockTower Capital (Stamford, CT), blockchain hedge fund: $140M from Union Sqaure, Andreessen Horowitz. Expanded team to eight with the addition of Goldman Sachs' Michael Bucella as head of strategic partnerships.

-- Wealthfront (Redwood City, CA), financial robo-advisor for banking-related services: $75M led by Tiger Global Management, participation from Benchmark, DAG, Greylock, Index, Ribbit, Social Capital, Spark.

-- Touna (Shenzhen, China), online P2P lending network: $46M C led by China Merchants Securities Zhiyuan Capital.

-- MoneyLion (New York, NY), financial advice/planning/investing/credit monitoring app: $42M B led by Edison Partners, participation from FinTech Collective, Grupo SURA, Greenspring Associates, Danhua.

-- NextCapital (Chicago, IL), digital financial health advice platform: $30M C led by Oak HC/FT, participation from Manulife Financial, Transamerica, Vermont Seed Capital, Route 66.

-- EarlySalary (Pune, India), online lending platform: $15.7M B led by Eight Roads Ventures, participation from IDG, Dewan Housing, Ashok Agarwal.

-- BondLink (Boston, MA), bond issuance software for public works projects: $10M A led by Franklin Templeton Investments, participation from Coatue.

--Industrial--

-- CECport (Shenzhen, China), electronic components distributor: $185M B from National Integrated Circuit Industry Investment Fund, China State-owned Assets Venture Investment Fund.

--Data/Analytics--

-- BaishanCloud (Beijing, China), cloud data life cycle services: $50M led by Alpha Capital, Chunjia Capital.

-- Swarm64 (Oslo, Norway), real-time analytics: $12.5M B led by Intel Capital, Investinor, participation from Alliance, Target.

--Consumer Internet--

-- Shihou TV (Shanghai, China), entertainment/gaming live streaming platform: $15M A led by Yixia Technology, participation from Shanda, Fortune, Kuake.

-- Gonbike (Shanghai, China), bike sharing platform: $15M A led by Qianchuan Capital.

--AI/Machine Learning--

-- AImotive (Budapest, Hungary), full-stack self-driving vehicle tech platform: $38M C led by B Capital Group, Prime Ventures, participation from Cisco, Samsung Catalyst, Robert Bosch Venture, Inventure, Draper Associates, Day One. Has licenses to test vehicles in Hungary, Finland, California and Nevada.

-- Black Sesame (China), AI digital imaging platform: $15M A+ led by NIO Capital, participation from Northern Light.

--Gaming--

-- Caret Games (South Korea), mobile massive multiplayer games: $28M from SoftBank, SL.

--Edtech--

-- Find Intelligent Piano (Shanghai, China), smart piano manufacturing and music education provider: $23M A+ led by PGA Ventures.

--Insurtech--

-- Clara Analytics (Santa Clara, CA), AI-based analytics for property/casualty insurance companies: $11.5M A from OAK HC/FT.

--Cybersecurity--

-- Threatcare (Austin, TX), virtual cybersecurity assistant for staff training, and monitoring: $1.4M Seed led by Moonshots Capital, participation from Flyover, Firebrand.

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Who could IPO next? Stay ahead of the curve: 2018 Tech IPO Pipeline Report

Get the full look at 355 of the most promising and highly-valued private technology companies in this report. Read the full report.

--VC Refresher-- At the beginning of this week, we got word that the US government blocked Ant Financial’s planned acquisition of US
Content for premium users only

This week's funding, $4,256,700,000, came in $1.5B above last year's average and $1.4B above its median.

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--M&A/IPO/New Funds-- --M&A-- -- US blocks Alibaba’s $1.2B acquisition of MoneyGram. -- Didi Chuxing acquires Brazilia
Content for premium users only

--Funding Breakdown--

--Biotech/Health--

15 Deals: $799,500,000

--Enterprise--

4 Deals: $499,000,000

--Fintech--

7 Deals: $358,700,000

--Industrial--

1 Deal: $185,000,000

--Data/Analytics--

2 Deals: $62,500,000

--Consumer Internet--

2 Deals: $55,000,000

--AI/Machine Learning--

2 Deals: $53,000,000

--Gaming--

1 Deal: $28,000,000

--Edtech--

1 Deal: $23,000,000

--Insurtech--

1 Deal: $11,500,000

--Cybersecurity--

1 Deal: $1,400,000

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