Funding & Deal Highlights:
Coralville-based startup IDx filed paperwork last week indicating it has raised $12.5M in funding.
Menlo Park, California-based Orca Bio closes on a Series D financing worth $192M, bringing the total raised since 2016 to $300M. The round was co-led by Lightspeed Venture Partners and an undisclosed investor. New and existing investors included 8VC, DCVC Bio, ND Capital, Mubadala Investment Company, Kaiser Foundation Hospitals, Kaiser Permanente Group Trust and IMRF.
Proprio, a Seattle, WA-based surgical navigation company, raises $23M in Series A financing.
Volkswagen said Tuesday it has invested another $200M into QuantumScape, a Stanford University spinout developing solid-state batteries as the automaker bets on a next-generation technology that will unlock longer ranges and faster charging times in electric vehicles.
Degreed lands $32M for upskilling in a down market.
Credit-focused fintech startup Upgrade raises $40M after reaching a $100M run rate.
TripActions gets its lifeline. The company has raised $125M in debt financing convertible at IPO, led by Greenoaks Capital and Vista Credit Partners.
Headless CMS company Contentful announces that it has raised an $80M Series E funding round led by Sapphire Ventures, with participation from General Catalyst, Salesforce Ventures, and a number of other new and existing investors. The company has now raised a total of $158.3M, and it is approaching a $1B valuation.
Dumpling, a tech startup that helps individuals launch their own personal grocery shopping services, raises $6.5M in Series A funding, according to a company press release. The company has raised $10M in total since it began.
Buckle, a technology-driven financial services company, has acquired Gateway Insurance Company, including its 47 state insurance licenses.
Clairvest Group Inc. announces that it, together with Clairvest Equity Partners VI, made its seventh investment in the waste management industry with an equity investment in Arrowhead Environmental Partners.
Ethema Health Corporation signs an LOI to purchase a majority interest in Biohazard Health Services LLC of West Palm Beach, Florida, an environmental services company providing disinfecting, testing, and training services to companies and institutions to provide their employees and customers with safe work and meeting spaces.
Totara announces that its owners have entered into a purchase agreement with Sydney private equity firm Five V Capital, under which Five V will acquire a majority ownership interest in Totara. The operations and management of Totara will remain unchanged with Richard Wyles continuing as Chief Executive Officer.
Credit Suisse Asset Management’s NEXT Investors, a leading Fintech growth equity group, announces that LUX Fund Technology and Solutions, a SaaS-based enterprise data management and reporting platform, and NorthPoint, a leading global provider of front-to-back office investment management solutions, have merged to form Portfolio BI. Portfolio BI provides a robust front-to-back platform for order management, portfolio management, and data management and reporting.