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SpliceBio, a biotechnology company exploiting protein splicing to develop next generation gene therapies, has closed an oversubscribed EUR50 million series A financing co-led by UCB Ventures and existing shareholder Ysios Capital.
New investors New Enterprise Associates (NEA), Gilde Healthcare, Novartis Venture Fund, and existing shareholder Asabys Partners also particpated.
The Company was seeded in 2020 by Ysios Capital and Asabys Partners.
The proceeds from the financing, the largest Series A round for a Spanish biotech company, will enable SpliceBio to build a pipeline of Protein Splicing gene therapy programmes, while advancing the lead program in Stargardt disease to the clinic.
TruArc Partners, a private equity firm focused on the middle-market, has invested in New Directions Aromatics (New Directions) in partnership with Founder and CEO, Alex Thomas.
Based in Toronto, New Directions is a supplier of natural ingredients to the cosmetics, health and beauty and personal care markets.
The newly formed partnership will provide New Directions with significant resources and capital to take advantage of growing demand for natural and organic products. Together, TruArc and New Directions will drive growth by supporting the development of value-add capabilities, people, and technology, as well as pursuing add-on acquisitions.
Terms of the
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in PaleoWest, a Phoenix-based cultural resource management consulting firm.
Founded in 2006, PaleoWest is a professional consultancy that assists clients with their need to address federal, state and local level environmental regulations, typically in support of a wide variety of land development projects such as the permitting solar and wind generation facilities, housing developments, roads and bridges and other major infrastructure development projects. PaleoWest’s practice focuses on archaeology, historic architecture, paleontology and other related environmental services.
Scrona AG, an additive manufacturing startup, has closed a USD9.6 million Series A financing led led by AM Ventures with syndicate partners including TRUMPF Venture, Verve Ventures and Manz GmbH Management Consulting and Investment.
Mercury Capital Advisors has appointed James Howe and Michael Dunham as Partners to further enhance its origination and distribution capabilities.
Howe and Dunham are based out of Mercury’s New York office. Howe will be leading Mercury’s US Origination efforts, while Dunham joins as a Partner on the US Distribution Team.
Howe joins Mercury from Stanwich Advisors where he managed Origination, Distribution and Project Management functions, while Dunham also brings a tenured placement expertise to the Firm after spending 16 years as a Partner at Pinnacle Trust Partners, an independent placement and advisory firm for alternative investments.
Impact investor North Sky Capital (North Sky) has appointed Jay Cruz as a Senior Fund Accountant.
Cruz joins North Sky from Okabena, a Minnesota-based investment advisor serving families and non-profit organizations where he served as a Tax Manager. Previously he was a Tax Staff Accountant before rising in rank to Tax Manager at Baker Tilly, LLP. Jay holds a BA in Accounting from the University of Northern Iowa and is a CPA.
Blackfinch has further bolstered its Ventures team with the appointment of EdTech entrepreneur and start-up investor Richard Harley.
Joining the business as a Senior Ventures Manager, Harley brings more than 12 years’ experience to the role having previously co-founded ScholarPack in 2011 – an award-winning analytics platform that allows teachers in schools to monitor the progress and wellbeing of pupils more effectively.
Harley is tasked with working across the Ventures portfolio to support company growth plans, help shape management teams, assist with fundraising, and manage risk.
The global pandemic continues to significantly impact investment strategies among global asset managers, according to new research from Clearwater Analytics (CWAN).
A poll of over 140 asset managers and owners representing more than USD5 trillion in AUM showed more than a third of investors investment strategies will change this year in response to Covid. The study asked how investment strategies had changed since the start of the pandemic, and how this compares to what they have planned for 2022 in the wake of the recent omicron surge.
At a macro level, 58 per cent of companies reported making changes
Securonix, a leader in Next-Gen SIEM and XDR, has received a more than USD1 billion growth investment led by Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses.
SourceDay, a supply chain procurement collaboration engine for direct spend materials and one of Austin’s fastest-growing companies, has closed a USD31.5 million Series C round of funding.
The round was led by Norwest Venture Partners with participation from existing investors ATX Ventures, Baird Capital, Draper Associates, Ring Ventures and Silverton Partners.
SourceDay will use its Series C funds to accelerate its recruiting efforts, reinforce the company’s sales, channel and marketing engines, and maintain its continued investment in operations and customer success from 2021. The company plans to double its product and engineering teams and bring on a product leader to
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