Deal net: 15 – 19 May 2017
Posted on 19 May, 2017 by Thierry Heles, editor
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
UK-based healthcare-focused communication platform Health Centrified has raised £200,000 ($260,000) in seed capital from the West Midlands Academic Health Science Networks fund, backed by public healthcare provider National Health Service, and Mercia Fund Management, which led the round, according to FinSMEs. The money will support further development and commercialisation of the company’s platform, which enables the secure access to healthcare services.
In-Q-Tel, the venture capital affiliate of the US intelligence community, has made a strategic investment of undisclosed size in Ombud, a US-based provider of a cloud-based organisational planning platform that enables users to collaborate and transfer knowledge easily. The agreement means Ombud will be introduced to actors in the US intelligence sector.
Argentina-based fintech platform Moni has obtained $3m in funding from International Finance Corporation, the private sector investment arm of the multilateral financial institution World Bank, according to FinSMEs. Moni operates a range of services aimed at the underbanked and will use the capital to accelerate growth and to expand its product offering.
Vertex Ventures, a VC firm backed by Singapore state-owned investment firm Temasek, co-led a $3.8m seed round in Dor, a US-based foot traffic analytics provider, on Wednesday. The round was co-led by Zetta Venture Partners. Dor has developed a foot traffic sensor and analytics platform for retailers that also incorporates real-time weather data to understand when and why customers visit a store.
ONL Therapeutics, a retinal diseases therapy developer spun out of University of Michigan, closed a $4.25m series A round on Wednesday that featured the institution’s Michigan Investment in New Technology Startups program. Invest Michigan, a non-profit funded by state-owned investment vehicle Michigan Strategic Fund, also participated, as did pharmaceutical firm Novartis, Capital Community Angels, Biosciences Research & Commercialization Center and Hestia Investments. [read more about this deal on our sister site Global University Venturing]
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