Spain-based Werfen is set to acquire U.S. in vitro healthcare company Immucor for close to $2B. The two companies develop diagnostics medical devices for hemostasis, autoimmunity, in vitro procedures, etc. More: - Werfen predicts it will surpass $2.1B in revenue during this year.
- The Barcelona-based company has grown significantly since its inception in 1996, with nearly 7,000 employees and seven research centers located in 30 countries.
- Immucor specializes in transfusion and transplant diagnostics for clinical laboratories. The company, which was previously acquired by U.S. private-equity company TPG in 2011 for $1.7B, will now be spun off.
- Werfen aims to use the acquisition as a boost for its specialized diagnostics portfolio. This portfolio will be offered to both hospitals and clinical laboratories.
- The deal, if approved by regulatory authorities, is expected to be completed in the first half of 2023.
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Project 44, a supply chain tracking company that tracks more than 1 billion shipments each year, has raised an $80M funding round. The company is now valued at $2.4B. More: - Project 44 offers a supply chain tracking platform that tracks shipments for over 1,200 companies. Through its platform, Project 44 aims to help companies make deliveries on time and give access to real-time information about their product, customer behavior, and client feedback.
- Project 44 stated it has seen a 70% YoY ARR growth, bringing total ARR to $134M.
- The company's latest fundraising round means it has had a 12% increase in valuation since its last round in January 2022, beating the current market trend that has seen many startups raise down rounds or not be able to raise their desired amount of money.
- After raising this round, Project 44 has delayed its IPO process for 2023-2024, stating that the current market conditions are not favorable for an IPO and that the company can continue to innovate as a privately-listed startup in the meantime.
- The company works with clients in sectors like manufacturing, automotive, retail, life sciences, food & beverage, and oil, chemical & gas.
- The round was co-led by Generation Investment Management and Denmark-based A.P. Moller Holding, with participation from CMA CGM, Goldman Sachs Asset Management, TPG, Emergence Capital, Chicago Ventures, Sapphire, 8VC, Sozo Ventures, and Omidyar Technology Ventures.
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 A message from LAIKA If you’re trying to close deals, SOC 2 is probably a thorn in your side. What is it, and who cares? Your business needs SOC 2. But building compliance from scratch is complicated, time-consuming, and the cost can be crippling. Laika has you covered. Uncomplicate SOC 2 with our guide for growth-minded founders. In the guide by Laika you’ll learn: - What is SOC 2 compliance and why it matters for your startup
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Vivrelle, a membership club for designer items, has raised a $35M Series B as revenue for the company has grown 6x in less than two years. Investors include Lily Collins, Nina Dobrev, and Morgan Stewart McGraw. More: - Vivrelle has created a monthly membership club. In return for paying a membership fee, its users gain access to designer handbags, jewelry, and diamonds. An added feature is that its users can borrow items without having to commit to a return date.
- The company claims it has been EBIDTA profitable since its inception in 2018, a rare occurrence for tech startups.
- Vivrelle CEO Blake Cohen Geffen stated that the startup will use this funding to expand its product portfolio, open additional showroom spaces, and grow the staff.
- 3L Capital led the round with participation from Origin Ventures and other angel investors such as Collins, Dobrev, and McGraw. One of the angel investors in this round, actor Collins, stated that she enjoyed investing in a woman-founded company that solves a specific issue in the market.
- The company is based in New York City.
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Y-Combinator alumni PhotoRoom has raised a $19M funding round to help e-commerce stores take better pictures for their products by using Artificial Intelligence. The startup is based in Paris, France. More: - The company's proprietary AI technology transforms pixels into objects and makes picture editing easier for those who are not professionally trained to do so.
- PhotoRoom claims that with its product, applying features such as background blur or removal takes seconds.
- The Paris-based Y-Combinator alumni company PhotoRoom claims that it has been profitable since 2020, while its user base has grown to over 40 million.
- The round was led by Balderton Capital, with participation from angel investors hailing from Facebook, Hugging Face, and Disney+.
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 A message from APIS COR Invest in The Company Automating Construction Apis Cor’s mission is to empower America’s home builders with robotic systems to build more durable homes quickly and affordable. Why Apis Cor? - Industry-leading experience building the world’s biggest and best 3D printed buildings.
- Strong market traction with 117 Letters of Intent from home builders across the country.
- Fourth-generation 3D printing technology with a proven record of unmatched performance.
- Backed by Alchemist Accelerator and At One Ventures VC founded by Google-ex and BASF-ex.
- Earlier this year, Apis Cor raised $1.2m on equity crowdfunding.
- We deployed our robots to build the largest 3D-printed building on Earth (Guiness World Record) and the first commercially permitted building in America building in Boca Chica, TX.
- Apis Cor won top awards at NASA's Mars Habitat Challenge.
- The construction 3D printing market is projected to continue growing exponentially and hit $40 Billion by 2027
- Our goal is to have 400 printers in operation by 2027 to deliver 20,000 houses annually.
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Today's funding 💵 SaaS - Strise (Norway), helps banks and fintech companies become more efficient at hiring employees and applying regulatory changes: $3.2M growth led by Curiosity with participation from Maki.vc, Sondo Capital, and Likeminded.
- Emerge Career (New York), provides an online job training platform for governments: $3.2M Seed led by 776, with participation from SoftBank Opportunity Fund, Y Combinator, and angel investors.
- Microsoft Business Applications-services independent provider Tisski has been acquired by Node4, a digital transformation Managed Services Provider.
Finance - FLX Networks (New Jersey), helps financial advisors and wealth management firms connect and discuss ideas: $10M Growth led by Barings, with participation from Allianz Life Ventures and Broadridge Financial Solution
Bio tech - AI Proteins (Massachusetts), aims to create therapies based on mini proteins: $18.2M Seed led by Cobro Ventures and Lightchain Capital.
Health tech - Yes Health (New York City), provides hearing devices, telehealth services, and in-house help for patients with hearing loss: $10M A led by led by Blue Heron Capital with participation from Primetime Partners, Ensemble Innovation Ventures, Maccabee Ventures, and Gaingels.
- Biocoat (Pennsylvania), a company that develops biocompatible hydrophilic coatings for interventional medical devices: undisclosed investment round by GTR.
Cybersecurity - Worldr (U.K.), enables enterprises to improve data security by helping them fully store and own their own data: $8M Seed led by Molten Ventures with participation from IQ Capital, Playfair Capital, Pretiosum Ventures, Navigate VC, MD One Ventures, and angel investors.
Real estate tech - Kodehyve (Luxembourg), offers a platform where property developers and their collaborators can plan, manage, commercialize and analyze projects: $2.5M Growth led by undisclosed private equity investors.
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Quick Hits: *This is sponsored content.
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Upcoming events at Inside: - November 09 - Synthetic data for more efficient, robust and ethical model development - Live AMA with Yashar Behzadi (CEO and Founder of Synthesis AI)* (Register Here)
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
Laika is a unified compliance platform that automates workflows for audits, infosec monitoring, and vendor due diligence in a single, collaborative space. | |
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