TauRx has raised a $119M funding round to develop therapies for Alzheimer's and other neurodegenerative diseases. The company claims its trials are expected to show positive results as it waits for regulatory approval. More: - The company, founded by Professor Claude M. Wischik, has been active for over two decades in the field of neuro research. Its research activity focuses on developing therapies mainly for Alzheimer's and frontotemporal dementia.
- These two neurological conditions are caused by defects in the tau protein. Healthy tau protein has an important function in stabilizing cell structure, according to research by TauRx.
- The company plans to submit some of its therapies for regulatory approval in the U.K., U.S., and Canada in 2023, with the hope of expanding to other countries soon after.
- TauRx stated that it aims to use the funding to boost its research and development process.
- Findings from its Phase 3 Clinical Trials named LUCIDITY will be presented at the end of this month at a conference. The trials were conducted by working with over 500 patients and will show the progress made regarding treatments for Alzheimer's and FTD.
- The company is based in Aberdeen, U.K., and Singapore.
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Ordergroove has raised a $100M funding round to offer subscription capabilities for retailers. The company works with clients such as L’Oréal, Bonafide, The Honest Company, La Colombe, and PetSmart. More: - The company believes that through its platform, retailers will have an easier time managing their sales, releasing their promotions and marketing campaigns, gaining data, etc.
- Ordergroove claims that through its AI technology, retailers will have a lower shopping cancellation rate due to the fact that the products shown to them will already take into consideration their previous shopping behavior.
- According to a statement by Ordergroove, the company has seen a 59% increase in Gross Merchandise Value over 2021.
- The platform can be integrated with other tools such as Shopify, BigCommerce, Salesforce, Magento, SAP Commerce, and custom eCommerce platforms.
- Ordergroove is based in New York City.
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- Vestaboard is a beautiful alternative to a digital, glowing screen. It displays up to 132 characters at a time including all the colors of the rainbow.
- The free Vestaboard app enables customers to send messages from anywhere, collect favorites, choose from Vestaboard’s daily picks, review their message history and more.
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Lentra has raised a $60M Series B to help banks approve loans in seconds instead of days. The company, already profitable, has processed $21B+ in loans since its inception. More: - Lentra enables banks to vet their clients better by using proprietary technology that calculates the risk of giving a loan to a specific client.
- The company claims that it has made the loan application, processing, and approval process last a few seconds, down from the six and seven days it used to take.
- Revenue from its API technology sales is projected to reach $10M in 2022, a figure that is expected to rise quickly to $100M by 2024.
- Bessemer Venture Partners and Susquehanna International Group led the round with participation from Citi Ventures.
- The company is based in Mumbai, India, but also has an office in Singapore.
- The startup is now valued at $400M and hires 500 employees.
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Privy has raised a $48M Series C funding round to continue providing digital signatures for individuals and enterprises in Indonesia. The company processes 40 million digital signatures annually and has 30 million registered users. More: - Privy is a digital trust platform in Indonesia that provides trusted digital identities and legally binding signatures.
- The company has 1,800 enterprise clients and over 30 million registered users.
- Privy is the first non-government institution to be licensed as a Certificate Authority by Indonesia's Ministry of Communication and Information Technology and the first electronic Know-Your-Customer service provider to be registered under Indonesia's Financial Services Authority.
- Privy aims to disrupt Indonesia's $300B digital economy, a value that this market is expected to reach by 2030.
- Its pricing plans are separated into three categories: Free, Paid (around $12 per user per month), and a custom plan tailored to the specific needs a client has.
- KKR led the round, with participation from MDI Ventures, GGV Capital, and Telkomsel Mitra Inovasi.
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Today's funding 💵 Cybersecurity - Red Points (Spain), helps brands prevent counterfeiting, piracy, and digital impersonators: $20M Growth led by European VC IRIS.
- Orange Cyberdefense (France), a cybersecurity services division of telecom company Orange: undisclosed acquisition of SCRT and Telsys (Switzerland).
Real estate tech - Yave (Mexico), a mortgage app provider: $7.5M Seed II led by Better Tomorrow Ventures and MetaProp, with participation from Vinte, Goodwater, Activant, Moore Capital, Cross River, Fintech Fund, Magma Partners, DILA Capital, and Wollef.
Consumer Social media Health tech - WellTheory (California), a membership program that offers women with autoimmune disorders nutrition plans and personal care: $7.2M Seed led by Lux Capital, Box Group, Scribble Ventures, and Rock Health.
SaaS Gaming -
Landmark (U.K.), develops mobile games that aim to be viral social experiences: $4.6M Seed led by Project A Ventures and InReach Ventures with participation from Moonfire Ventures, and Concept Ventures.
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Quick Hits: - Apis Cor holds the current Guinness World Record for the largest 3D-printed building on Earth. Invest in the future of construction.*
- Boston-based virtual contract research organization Curavit Clinical Research has raised a $5M Series A.
- Louis and Reg Rix, Anthony Morrow, Gary Corbett, and 3B4 Investments led a Pre-seed investment round in Boodil, a UK-based provider of open banking payments and consumer engagement app. The company raised $542,000.
- Optimal Traces, a radiochemistry company that provides imaging, has been acquired by Telix Pharmaceuticals for an undisclosed amount.
- Hickman Label, a provider of label rolls, has been acquired by ID Images.
*This is sponsored content.
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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. | |
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