Full Life Technologies is set to acquire cancer therapy company Focus-X Therapeutics for $245M. The companies are based in Belgium and New Jersey, respectively. More: - Focus-X is a research company developing targeted radiopharmaceuticals to treat cancer based on proprietary peptide technology.
- Full-Life Technologies is a global radiopharmaceutical company with operations in Belgium and China. It aims to become vertically integrated by owning the value chain for radiopharmaceutical research and development, production, and commercialization.
- Full-Life currently has several clinical trials in development. The trials aim to find cures for different types of cancer, such as colon, prostate, pancreatic, etc.
- According to the agreement, besides the upfront payment, Focus-X Therapeutics is eligible for a percentage of royalties and general milestone-based payments.
- Through this acquisition, Full-Life Technologies aims to accelerate its process into becoming a clinical-stage radiopharmaceutical company.
- Full-Life was founded in 2021 and has raised $47M so far, while Focux-X was founded in 2020 and has raised $1.5M since its inception.
- This acquisition deal is expected to close in Q1 2023.
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NEC, a multinational Japanese corporation with over 114,000 employees, has closed a $140M fund to invest in social value startups. The fund will be officially named the NEC Orchestrating Future Fund. More: - NEC is a Japanese multinational company that was founded in 1899.
- The company is known to have been one of the world's largest semiconductor producers, while now it focuses mainly on software services for verticals such as AI,5G, Cloud, Cybersecurity, Smart city planning, etc.
- The company offers its services for many sectors, including healthcare, logistics, retail, finance, government, telecom, manufacturing, etc.
- Its investment philosophy revolves around investing in companies that are aligned with one of the following five main points:
- City
- Communication
- Business
- Environment
- Life
- NEC aims to invest in companies that have a social impact, with the company already having made an investment in EverestLabs.The latter is an AI-backed platform that aims to make recycling more efficient.
- This funding round was backed by Mitsui Sumitomo Insurance Company, Limited, Sumitomo Mitsui Trust Bank, Limited, Fund Corporation for the Overseas Development of Japan's ICT and Postal Services Inc., and Japan Industrial Partners, Inc.
- NEC Corporation is based in Tokyo.
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VC firm Nesta Impact Investments has raised $60M to invest in early-stage startups that have a good cause. The firm's mission is to ensure every child has a fair start, help people live healthy lives, and create a sustainable economy. More: - Nesta aims to invest in 5-10 companies per year, with the average check size ranging from $600,000 to $1.1M. The company stated that it plans to invest up to $5M per startup throughout multiple rounds.
- These investments will be deployed toward startups in the Seed and Series A stages.
- The fund has committed that, by 2025, 25% of its portfolio will be led by people from minorities or disadvantaged groups.
- Nesta aims to spend half of the funds raised on Mission Studio, a joint venture between Nesta and Founders Factory.
- The company has invested in over 30 startups, including names such as Koru Kids, Habitual Health, Oxford Medical Products, Bibliu, Skin Analytics, Arbor FutureGov, and BeApplied.
- Based in London, U.K., Nesta has made over 70 investments since being founded in 1998.
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Atlanta-based Saltbox has raised a $35M Series B funding round to help e-commerce entrepreneurs manage logistics. The round was led by Cox Enterprises and Pendulum. More: - Saltbox offers a network of flexible warehouses in major metropolitan areas, fulfillment centers, and on-site services across the U.S.
- The company has more than doubled its growth during 2022, expanding its flexible warehouse network to 10 locations. It aims to open two locations in Florida and Arizona before the end of the year, while it will open another one in Florida in early 2023.
- Through its strategic locations, Saltbox can offer two-day delivery to 67% of the U.S. population.
- According to Saltbox, over 500 members are using its platform to fulfill their orders. Most of these members are direct-to-consumer brands.
- The company puts a strong emphasis on diversity, as it stated that half of its member businesses are led by people of color.
- Playground Global, XYZ Capital, Fundrise, Kapor Capital, Wilshire Lane Capital, Colliers, Lincoln Property Company, Flexport, and Overline also participated in the round.
- Founded in 2019, the company has raised $48M so far.
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Today's funding 💵 SaaS - Zylo (Indianapolis), offers a platform that helps companies optimize their SaaS spending and productivity: $31.5M C led by Baird Capital's Venture Team with participation from Spring Lake Equity Partners and existing investors Bessemer Venture Partners, Menlo Ventures, High Alpha, and Coupa Ventures.
- Sofant Technologies (U.K.), a company that aims to improve wireless systems through its antenna designs: $5M Growth led by EMV capital with participation from Scottish Enterprise, Kelvin Capital, the Future Fund, and NetScientific.
Real Estate Tech - Giraffe 360 (France), a camera that enables users to take 360 pictures of their properties without professional photographers: $16M Growth led by Founders Fund with participation from LAUNCHub Ventures, Hoxton Ventures, HCVC, and Change Ventures.
Space Tech - OroraTech (Germany), launches thermal infrared cameras into space to gather data: $15.5M A led by Edaphon with participation from Findus Venture, Ananda Impact Ventures, BayernKapital, ConActivity, APEX Ventures, SpaceTec Capital, etc.
Marketing Biotech -
Jurata Thin Film (Texas), a startup that aims to stabilize vaccines at ambient temperature for up to three years: $4.87M Seed led by Golden Seeds with participation from Columbus Ventures and Ferocity Capital, as well as UT Seed Investment Fund. Artificial Intelligence - Heex Technologies (France), a smart data management startup that helps companies find what data they need to focus on: $3.3M Pre-Seed led by Karista.
Web3/Crypto - Burn Ghost (Massachusetts), a Web3-based entertainment commerce company that allows users to win NFTs by playing games: $3.1M Seed led by Bitkraft Ventures and Drive by DraftKings with participation from Pillar VC.
Sustainability - Carbon Reform (Delaware): offers a device that diverts and purifies return air from commercial buildings, thus reducing CO2: $3M Seed led by Azolla Ventures, with participation from Virya LLC, Revolution's Rise of the Rest Seed Fund, Plug and Play Ventures, Gaingels, and Preston Schell.
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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.*
- Boxcryptor, a Germany-based cloud encryption company, has announced that it has been acquired by Dropbox for an undisclosed amount.
- NYC-based farm sales and inventory management platform FarmersWeb has been acquired by Full Harvest, a California-based provider of a marketplace for imperfect produce.
- MeliBio, a startup that aims to create honey without bees, raised $2.2M in a funding round led by Collaborative Fund, Siddhi Capital, The Greenbaum Foundation, etc.
- Shopify app-solutions developer Staytuned has acquired Tabarnapp, a Canada-based provider of apps that show users Automatic Discounts for Shopify.
- Mark Allen Group (U.K.), a media and information company with over 100 brands in its portfolio, acquired Sterling Events for an undisclosed sum.
- 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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