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Banking Europe Financial Services

Sweden-based digital bank Northmill raises $30M

– Northmill Bank, a Swedish digital bank, raised $30m in funding.
– The round was led by M2 Asset Management and Coeli.
– The injection of cash will be used for continued geographical expansion and to accelerate the development of new products.
– Notably, this will include plans to launch in 10 new markets as Northmill aims to step on the gas. Next stop, Norway.
– The bank employs 150 people and offers savings, credits, payments and insurances.

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Finance Financial Services FinTech North America Social Stock Exchanges

Robinhood’s pain is Public’s gain as VCs rush to give it more money

– Public.com, a social-focused free stock trading service, is nearing the close of a Series D just two months after raising a $65 million Series C.
– The company competes with Robinhood, M1 Finance and other American fintech companies that offer consumers a way to invest in equities with low or zero fees.
– Public.com apparently got a flurry of investor interest over the past couple of weeks after Robinhood found itself in hot water and essentially raised $3.4 billion in a matter of days to help get itself out of a mess.
– That new capital came at a challenging time for the unicorn, which could pursue an IPO this year. And some investors reportedly want a piece of rival Public.com’s pie.

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North America Pharmaceutical

Pipeline Therapeutics Completes $80 Million Series C Financing

– Pipeline Therapeutics completed an $80m Series C financing round.
– The round was led by a healthcare-focused new investor, with participation by other new investors including Perceptive Advisors, Franklin Templeton, Casdin Capital, Samsara BioCapital, Suvretta Capital, Red Tree Venture Capital, and an undisclosed leading global investment fund.
– All of the company’s existing shareholders, including founding investor Versant Ventures, Sectoral Asset Management and Cleva Pharma (a Brace Pharma affiliate), participated in the round.
– Pipeline Therapeutics plans to use the proceeds to advance its development candidates PIPE-505, in patients with sensorineural hearing loss, and PIPE-307, in patients with multiple sclerosis. Proceeds will also be used to advance additional therapeutic candidates and for general corporate purposes.

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Biotechnology North America

Fred Hutch, Univ. of Washington biotech spinout Ensoma launches with $70M in funding

– Boston-based biotech startup Ensoma launched Thursday and announced a $70 million Series A funding round.
– The company is built on technology developed over two decades by Seattle researchers Dr. Hans-Peter Kiem of the Fred Hutchinson Cancer Research Center and Dr. André Lieber of the University of Washington School of Medicine.
– The company will be based in Boston because the city “is the epicenter of biotech and Ensoma could quickly draw the talent, not only for research but as the company scales in manufacturing and clinical development,” said Paula Soteropoulos, the company’s executive chairman. The company’s lead investor and top leadership are also in Boston.

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FinTech South America

Treinta announces $500K+ in funding for its microbusiness financial app

– Treinta, a startup that is part of the Winter 2021 Y Combinator cohort, announced this morning that it has raised north of half a million dollars for its bookkeeping and inventory management software aimed at Latin American small businesses.
– The capital was raised between a small friends-and-family round, Y Combinator’s investment in Treinta and another $220,000 that it closed in early 2021.
– The company, based in Bogotá, Colombia and currently sporting a team of 13, is working to bring digital transformation to the smallest of enterprises: namely single-operator small stores.

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Artificial Intelligence Biotechnology Machine Learning North America

Immunai raises $60 million to analyze the immune system with AI

– Immunai, a startup developing an AI platform to analyze the human immune system, today announced that it raised $60 million.
– The company says it will use the funds to broaden its functional genomics capabilities and help its partners prioritize, discover, and develop new therapies and drug combinations.
– Emerging treatments like gene cell therapies and cancer immunotherapies promise to revolutionize the field of medicine. But the immune system’s complexity — trillions of cells partitioned into hundreds of types and states that interplay with various systems and proteins — threatens to stymie research.
– Immunai aims to prevent such mistakes with immune profile-generating AI.
– The company was founded in 2018 by Noam Solomon, an ex-Harvard and -MIT postdoctoral researcher, and Luis Voloch, an MIT graduate and former machine learning engineer at Palantir.

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Computer Information Technology North America Software Telecommunications

With backing from Bill Gates, Pivotal Commware raises $50M for 5G products

– Pivotal Commware, a wireless network infrastructure company, raised $50m funding.
– The round was led by Tracker Capital Management and joined by Devonshire Investors and Pivotal’s existing investors including Bill Gates.
– Pivotal’s metamaterials-based technology is used primarily to support ultra-wideband 5G communications.
– Pivotal’s product ecosystem includes WaveScape, a network modeling tool; and a platform for remote network management and optimization known as the Intelligent Beam Management System, or IBMS.

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Europe Software

RAW Labs Raises $5.5M to Help Enterprises Unlock the Value of Their Data

– RAW Labs has completed a USD 5.5M pre-A funding round raising capital from new and existing investors to support the surge in demand for its revolutionary data management solution.
– The company also announced Lars Farnstrom as its new CEO.
– The financing round was led by a group of investors specializing in investments of high growth technology companies and Investiere.ch.
– Claude Honegger (former global CIO of Credit Suisse) and Pyrros Koussios (former private equity investor and senior executive at international technology companies) are joining the board of directors.

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Advice Financial Services North America Retirement

Capitalize, a startup that wants to make it easy to roll over your 401(k), closes on $12.5M Series A

– Capitalize, a startup that wants to make it easy to roll over your 401(k), closes on $12.5M Series A.
– The round was led by Canapi Ventures and joined by existing backers including Bling Capital, Greycroft, RRE Ventures and Walkabout Ventures.
– The company aims to address this very problem with a platform that it claims makes it virtually painless to locate misplaced 401(k) accounts, select and open individual retirement accounts (IRAs) and consolidate retirement plans – for free.

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Europe Software Transaction Processing

K1 Invests in XTM International to Drive Accelerated Growth and Scale Global Footprint

K1 Invests in XTM International to Drive Accelerated Growth and Scale Global Footprint
– XTM is a leading provider of translation management software to global blue-chip clients
K1 Investment Management, LLC (“K1“), a leading investment firm focusing on high-growth enterprise software companies
– XTM enables its customers to overcome the increasingly complex problem of localization by centralizing and automating disparate processes

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