SEOUL, May 24 (Korea Bizwire) — South Korean battery maker SK On Co. has secured US$944 million from investors in a round of funding in preparation for an initial public offering (IPO), its parent company said Wednesday. The board of SK Innovation Co. approved the equity investment agreement it and SK On signed with a [...]
LENEXA, Kansas, April 4 (Korea Bizwire) – Vytelle, a precision livestock company, has raised $20MM in Series B funding to accelerate genetic progress in cattle. With this new investment, Vytelle will continue to expand its global operations, while delivering the most accessible, reliable, and predictable reproductive technology available to customers today. The investment was led by [...]
SALT LAKE CITY, Dec. 15 (Korea Bizwire) — MasterControl, a leading provider of quality and manufacturing software solutions for the life sciences, today announced its first ever funding, a $150 million Series A round led by Sixth Street Growth. MasterControl has grown profitably for nearly 30 years, and with this funding is valued at $1.3 [...]
STOCKHOLM, Dec. 13 (Korea Bizwire) — Today, Sana, the leading AI-powered learning platform, announced the close of its $34M Series B led by Menlo Ventures. Existing investor EQT Ventures also joined the round with several founders and operators. Menlo Ventures’ partner JP Sanday joins the board as part of this round. This funding follows a [...]
SEOUL, Nov. 30 (Korea Bizwire) – SK On Co., the battery-making unit under South Korea’s SK Group, will raise up to 1.3 trillion won (US$985 million) from six local private equity funds, its parent firm said Wednesday, a move that will help the company secure funds before pushing for an initial public offering (IPO). SK [...]
WALTHAM, Mass., Nov. 9 (Korea Bizwire) — Zenas BioPharma, a global biopharmaceutical company committed to becoming a leader in the development and commercialization of immune-based therapies, today announced proceeds of $118 million in connection with the issuance of Series B preferred shares. In addition to Enavate Sciences, which led the Series B equity financing, new [...]
Oxford, UK, Oct. 19 (Korea Bizwire) – Nucleome Therapeutics Limited, (‘Nucleome’ or ‘the Company’), a biotechnology company decoding the dark matter of the human genome to discover first-in-class precision medicines, today announces it has closed an oversubscribed £37.5 million Series A financing round. The funds will be used to advance the Company’s autoimmune disease programmes, fuel expansion [...]
SAN FRANCISCO, Oct. 18 (Korea Bizwire) – Swift Navigation, a San Francisco-based tech firm redefining GNSS (Global Navigation Satellite System) and precise positioning technology for automotive ADAS (advanced driver-assistance systems) and autonomy, industrial machine control, commercial transportation, mobile and emerging mass-market applications, today announced that it has completed a $100 million financing round. The Series D [...]
SAN JOSE, Calif., Oct. 17 (Korea Bizwire) — NEUCHIPS, a leader in AI ASIC platforms for deep learning recommendation, today announced series B2 funding of $20M. The round includes strategic investors Wistron, JAFCO Asia, Powerchip Group and new investor Raydium Semiconductor Corporation. “We are excited to have Raydium join as a new investor,” said Youn-Long [...]
LONDON, Oct. 3 (Korea Bizwire) — The EURO 9.4 million funding facility for Kashf Foundation was originated, structured, and negotiated by Emerging Markets Global Advisory LLP (EMGA), the emerging market investment bank. Speaking on the transaction, Mr Shahzad Iqbal, CFO of Kashf Foundation said, “Kashf Foundation is registered as a Non-Banking Micro Finance Company regulated by the [...]