SafeGuard Cyber has raised $45m in a Cisco-backed debt and equity round while Pine Labs has paid the same amount to buy portfolio company Fave.

Funding SafeGuard Cyber, a US-based provider of digital risk protection management software, has secured $45m in debt and equity financing in a round that included Cisco Investments, a subsidiary of networking technology provider Cisco. Venture capital firm NightDragon led the round, which also featured Allegis Cyber and which followed $2.5m from unnamed investors in 2009, $5.5m in 2011 and $3.9m in 2015 according to securities filings, and $11m in series B funding from AllegisCyber and NightDragon in 2018. WeWork India, a regional offshoot of US-headquartered co-working space provider WeWork, has received Rs 2bn ($26.7m) in debt and equity financing from unnamed investors, the Economic Times reported yesterday. WeWork expanded into India in partnership with real estate developer Embassy Group in 2017 and had provided about $100m in funding for the subsidiary as of 2020. Consumer electronics manufacturer Xiaomi has led a RMB150m ($22.9m) series A round for China-based cloud video software developer Welink. Video game developer Mihoyo and CMGE also participated in the round, as did Shunwei Capital and Dunhong Capital Management. Welink raised about $1.4m from cloud services provider Kingsoft Cloud and Sea of Stars Capital in October 2019, the latter joining Mihoyo and Binfu Capital in an eight-digit yuan pre-series A round in February 2020. All the existing backers returned two months later for a series A round also in the eight-figure range that included Orient Hontai Capital, a vehicle for cybersecurity software provider Orient Security. Orum, a US-based provider of intelligent bank transfer technology, has raised $21m in a series A round featuring American Express Ventures, the investment arm of payment services firm American Express, Forbes has reported. Private equity firm Bain Capital led the round, which included Inspired Capital, Homebrew, Acrew Capital, Primary Venture Partners, Clocktower Ventures, Box Group, Amex Ventures and SVB Capital. The company had prevoiusly received $5.2m in seed funding from Homebrew, Inspired Capital, Bain Capital and various angel investors in August 2020. Italy-based bone regeneration technology developer GreenBone Ortho has closed a €10m ($11.8m) series B round featuring 3B Future Health Fund, which is backed by cancer care provider Helsinn, in addition to Innogest, Meta Group, CDP Venture Capital and private investors including some from Italian Angels for Growth (IAG). The company received $9.4m from 3B (then Helsinn Investment Fund), Innogest, IAG and Invitalia Ventures in 2017, two years after it raised roughly $3.3m from ZernikeMeta Ventures, IAG and various angel investors. Venture capital firm True North has divested part of its…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.