PatSnap Secures $300M in Series E Funding
– PatSnap from Singapore is a global leader in Innovation Intelligence.
– The company secured $300m in Series E funding.
– The round was led by SoftBank Vision Fund 2 and Tencent Investment with participation from CPE Industrial Fund and Vertex Growth, who are coming in as new investors whereas existing investors were Sequoia China, Shun Wei Capital, and Vertex Ventures Southeast Asia & India.
Preply Raises $35M in Series B Funding
– Preply from Kyiv is a global edtech marketplace for tutor-based foreign language learning.
– The company raised $35m in Series B funding.
– The round was co-led by Owl Ventures and Full In Partners, with participation from previous investors Point Nine Capital, Hoxton Ventures, as well as EduCapital, All Iron, Diligent Capital and Evli Growth Partners.
– Angel investors Niklas Ostberg, co-founder and CEO of Delivery Hero, Arthur Kosten, co-founder of Booking.com, Przemyslaw Gacek, co-founder of Grupa Pracuj, and David Helgason, co-founder of Unity Technologies are also participants.
Forward Health Raises $225M to Expand Nationwide
– Forward Health announced $225m Series D funding with participation from Founders Fund, Khosla Ventures, SoftBank Vision Fund 2, Marc Benioff, and The Weeknd, among others.
– The funding will help rapidly expand Forward Health’s healthcare system nationwide with several new locations slated to open in the first half of 2021.
– Forward Health will also use the funds to introduce new doctor-led programs focused on heart health, cancer detection, COVID-19, stress, anxiety, and weight management.
– The pandemic has further exposed the limitations of traditional healthcare, and the band-aid of telehealth alone does not solve the problem.
– Forward Health provides members with unlimited in-person care at its technology-driven clinics, where first-time visits last an average of 60 minutes (compared to the national average of 15 minutes).
