Deals
Novo Holdings has led an oversubscribed USD125 million Series C financing in Hummingbird Bioscience (Hummingbird), a clinical-stage biotech company focused on developing precision therapies against difficult-to-drug targets to improve treatment outcomes.
This is one of the first investments in a privately-held Asian biotech company by Novo Holdings. Novo Holdings recently established an Asian life sciences investment platform in Singapore, Novo Holdings Equity Asia Pte. Ltd (Novo Holdings Asia). Kenneth Harrison, Partner, Novo Ventures, will join Hummingbird’s board of directors.
Hummingbird, headquartered in Singapore and the US, is developing a broad pipeline of first- and best-in-class drug candidates across multiple indications
Moglix has reached an important milestone by becoming the first industrial B2B commerce platform, in the manufacturing space, to become a unicorn.
The company is said to be valued at USD1 billion in its latest USD120 million Series E funding round. The latest investment was led by Falcon Edge Capital and Harvard Management Company (HMC). This round of funding also saw participation from its existing investors, Tiger Global, Sequoia Capital India and Venture Highway.
Moglix is India’s largest and fastest growing B2B commerce platform in the industrial & MRO procurement space with a clear first-mover advantage. The Company is building
Healios – a UK online therapy platform for children and young people with mental health and neurodiverse conditions – has raised GBP7 million in a Series A round led by InHealth Ventures with participation from existing investors AlbionVC.
The funding will enable Healios to widen its provision and meet the significant and rising demand for mental health support among children and young people. Currently, one-in-eight (12.8 per cent) five-to-19 year olds in the UK have a mental health disorder but two-thirds are unable to access NHS care because of soaring demands and long waiting lists. The Covid-19 pandemic has intensified
Black Box Intelligence (BBI), a portfolio company of Diversis Capital Partners, is to acquire restaurant industry benchmarking firm MillerPulse LLC. The move comes just four months after Diversis acquired a majority stake in Black Box Intelligence.
“We’re thrilled to add the MillerPulse membership to our database. The reputation Larry Miller and team have built is strong throughout the industry and we’re extremely excited to see the two powerhouse data sets come together to create an even more robust set of benchmarks that will truly be unmatched in the marketplace,” says Kelli Valade, CEO & President of Black Box Intelligence.
Queen’s Park Equity (QPE) has supported the management buyout of Sagacity Solutions (Sagacity), a provider of tech-enabled customer data management solutions, led by the founders of the business, Anita Dougall, Malka Townshend and Harry Dougall.
Sagacity offers three core solutions within the lifecycle of its clients’ customers; reducing bad debt, improving revenue & margin and optimising customer value. Sagacity generates impressive ROI for some of the largest utility, telecoms and financial services corporates and is very well positioned to capitalise on the multi-million UK market opportunity. QPE is investing alongside the founders to support the company’s continued expansion.
Nordic Capital, a private equity investor with a resolute commitment to creating stronger, sustainable businesses, has further invested in ArisGlobal, by acquiring an additional shareholding from the founding Abbhi family.
The transaction follows Nordic Capital’s initial investment in ArisGlobal, a provider of innovative software-as-a-service (SaaS) solutions for the life sciences industry in 2019 and subsequent years of significant growth for the Miami-based company. Drawing on its deep understanding of both the healthcare and technology sectors, Nordic Capital will continue to support ArisGlobal’s growth, with further investment into research and development, cognitive computing, global delivery and commercial operations.
ArisGlobal
Hayden AI Technologies, Inc (Hayden AI), a smart city solutions provider, has closed a USD4.5 million funding round led by BootstrapLabs, an early-stage Silicon Valley venture capital firm focused on Applied Artificial Intelligence.
This brings the company’s total funding to USD9.5 million, including a USD5 million seed round from last year. The new funding will go towards accelerating the development and delivery of AI-powered solutions aimed at enabling governments to achieve their goals of safer streets, equitable transportation, and efficient urban mobility.
In addition to BootstrapLabs also participating in the round were seed stage investor MVP Partners, UC Berkeley’s
Concentrix Corporation, a global provider of customer experience (CX) solutions and technology, has reached a definitive agreement to sell its insurance third-party administration operations and software platform (CIS) to Abry Partners, a Boston-based private equity firm, and Hoplon Capital, an asset manager focused on digital disruption of end markets including insurance.
This will create a new company which will operate as a standalone business bringing innovation to the insurance marketplace. The transaction is expected to close by the end of May 2021 subject to the approval of customary regulatory requirements and closing conditions. The sale does not impact Concentrix’
Arkhn, a specialist in healthcare data interoperability, has finalised a first round of financing of EUR4 million. This financing round was jointly led by Kurma Partners and Newfund, through their respective funds Kurma Diagnostics II and Newfund II, with the support of the European Commission and the public bank Bpifrance.
Founded in August 2019, Arkhn tackles the issue of accessing healthcare data. It has become critical for care facilities and the entire healthcare ecosystem: medical teams, public and private researchers, patients, medical startups and softwares. This imperative need for data sovereignty has been highlighted by the coronavirus crisis and by
An affiliate HIG Capital (HIG) has completed a USD225 million strategic minority investment in eHealth, in the form of convertible preferred stock.
Headquartered in Santa Clara, California, eHealth operates a leading online marketplace offering consumers a broad choice of insurance products that includes thousands of Medicare Advantage, Medicare Supplement, Medicare Part D plans, individual and family health insurance, small business insurance and ancillary health insurance products from over 180 health insurance carriers.
Scott Flanders, Chief Executive Officer of eHealth, says: “We are excited to team up with HIG as we grow scale and market share by helping millions of Americans
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
