Carlyle Group has raised $3.12B to invest in European cybersecurity, healthcare, and financial companies. The firm aims to invest in 20-30 companies. More: - Carlyle Group aims to use most of its funds to acquire majority stakes in the companies it invests in, but it will leave 15% of its fund available for non-majority stake equity investments.
- The company will invest in growth-state European B2B companies that work in verticals such as cybersecurity, healthcare, fintech, cleantech, etc.
- Its check size can go up to $258M.
- The company has already invested in Euro Techno Com Group and Incubeta. The latter was an acquisition deal that was completed at an undisclosed price.
- Carlyle Group, founded in 1997, has over $369B in assets under management and has made nearly 300 investments.
- The firm has 25 offices, including its headquarters in Washington, D.C.
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AstraZeneca is set to acquire Amsterdam-based Neogene Therapeutics for $320M. The company will pay $200M upfront and $120M based on contingencies and performance-related metrics. More: - Neogene Therapeutics, founded in 2018, is a clinical-stage biotechnology company focused on discovering, developing, and manufacturing transformative TCR therapies targeting neoantigens in solid cancers.
- Most current cell therapy approaches in oncology focus on modifying the immune system’s T cells in order to detect cancer. TCR-Ts can recognize intracellular targets, including cancer-specific mutations, without relying on this method.
- Since being founded, Neogene Therapeutics has raised $125M.
- Through this acquisition, AstraZeneca aims to widen the scope of TCR-T research and unlock access to this therapy for the wider public.
- The deal is expected to finalize in Q1 2023.
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Massachusets-based Locus Robotics has raised a $117M Series F to expand its warehouse robot network. Goldman Sachs, G2 Venture Partners, and Stack led the funding round. More: - Locus Robotics provides enterprise warehouse robots that can carry and deliver packages.
- The company operates in four main sectors: retail, healthcare, 3pl, and industrial.
- Some of its clients include DHL, Material Bank, Radial, whiplash, Geodis, etc. Locus robots are found in over 230 sites around the world, with some sites using as many as 500 robots.
- Locus offers three versions of its robots:
- Locus Origin (up to 80 pounds payload capacity)
- Locus Vector (up to 600 pounds payload capacity
- Locus Max (up to 3,000 pounds payload capacity)
- Stack Capital Group, Next47, Stafford Capital Partners, HESTA, Newton Investment Management North America, Gray's Creek Capital, Silicon Valley Bank, Hercules Capital, Inc., BOND, and Scale Venture Partners also participated in this Series F funding round.
- The company has now raised over $400M since its inception in 2014.
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Igloo has raised a $27M Series B extension to boost its insurtech platform for underserved communities in Southeast Asia. The company currently operates in seven countries and has over 55 partnerships. More: - Igloo was created to make insurance more affordable for the communities in Southeast Asia. The company distributes insurance products that range from $0.02 for phone screen protection to $600 for comprehensive motor insurance.
- It has an insurtech platform that writes insurance policies that are underwritten by its 55 partners.
- The company has facilitated over 300 million policies and increased gross written premiums by 30 times since 2019.
- Some of its clients include Telkomsel, AIS, Mobifone, Shopee, Lazada, Bukalapak, and JD.ID.
- The InsuResilience Investment Fund II led the Series B extension round, with participation from WAM, Finnfund, La Maison, and Cathay Innovation.
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Today's funding 💵 Sustainability - Cactos (Finland), a startup that converts used Tesla batteries into energy storage units: $2.7M Equity and Debt Growth led by Superhero Capital, with participation from Cactos' founders.
Food tech - Yeasty (France), aims to turn beer yeast into edible proteins: $1.4M Growth led by Asterion Ventures with participation from Satgana and Cameleon Invest.
Consumer - ChefMe (Denmark), a platform that enables users to book private chefs: $700,000 Pre-Seed led by Bjørn Bruun and HumanAct VC with participation from Rockstart and Moonraker Ventures.
HR - Popwork (France), a software platform that helps executives manage their teams more efficiently: $1.5M Seed led by Evolem.
Transportation - Range Energy (California), offers powered trailers to the trucking market: $8M Seed led by UP Partners, R7, and Yamaha Motor Ventures.
SaaS - SafeGuard Privacy (New York), a SaaS-based compliance platform: $7M Growth led by TechOperators.
- Simbel (France), a platform for learning relevant skills in a specific field: $4M Seed led by Speedinvest and Brighteye Ventures.
Media - Azerion (Netherlands), a digital entertainment platform that sells ads in mobile and video games: undisclosed acquisition of Adplay.
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Quick Hits: - HubSpot and Brandwatch partnered this year to survey over 1,000 individuals across the U.S. to better understand consumer purchasing habits, thoughts, and behaviors.*
- AI text analytics platform Rosette is set to be acquired by Babel Street, a Washington, D.C.-based company that uses AI to provide data-to-knowledge insights. The amount remained undisclosed.
- London-based company Inflow has acquired Lina Health, a telehealth clinic service provider. Lina Health offers Cognitive Behavioral Therapy services.
- Cambrex, a New Jersey-based drug substance analytics company, is set to acquire Massachusetts-based chemical process development services company SnapDragon for an undisclosed amount.
- Barcelona-based commerce technology company OpenBravo has been acquired by DL Software, a Paris, France-based provider of software solutions.
- Tech innovation is surging in education, finance, health care, and other industries. See what your competitors are building with Crowdbotics.*
*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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