A significant amount of funding has gone to bigger companies in Q2. However, digging deeper, there is a growing proportion of debt funding in Q2 as well. Even in absolute dollar terms, the amount of debt funding thus far has already trumped the average in previous quarters.
Bigger companies are taking on more debt. They are in a better position than smaller companies to receive still reasonable debt terms, but due to lost revenues, they are shunned out of bank credit facilities. Read more.
A vaccine might be developed later this year according to the Coalition for Epidemic Preparedness Innovations, which is funding nine different coronavirus vaccine projects. Read more.
The arms race for robo-delivery has intensified. This time with a clearer path to commercialization. Today, UPS and healthcare company CVS Health announced that they will use drones to deliver prescription medicine to the residents of a retirement community in Florida. Read more.
Clever Care Health Plan Inc., a company dedicated to delivering affordable and innovative Medicare Advantage health plans, today announced it has raised $20 million in Series A financing led by Norwest Venture Partners with participation from Global Founders Capital. Check out Clever Care Health Plan's profile here.Read more.