M12 backed three deals in recent days, including a $50m series D round for Split.io that also featured fellow corporates Atlassian and ServiceNow.

Funding US-based software deployment platform developer Split has secured $50m in a series D round backed by M12 and Atlassian Ventures, respective vehicles for software producer Microsoft and enterprise software developer Atlassian, as well as enterprise software company ServiceNow. The round was led by Owl Rock, a division of Blue Owl Capital, and also featured Northgate Capital, Accel, Lightspeed Venture Partners and Harmony Partners. Split has now secured $100m altogether, having closed a $33m series C round a year ago with commitments from M12, ServiceNow and Atlassian. The series C was led by Comcast Ventures, the corporate venture capital arm of media group Comcast, and also included Accel, Lightspeed 01 Advisors and Harmony. US-based protein drug developer Jnana Therapeutics has closed a $50m series B round featuring AbbVie Ventures and Pfizer Ventures, respective investment units for pharmaceutical firms AbbVie and Pfizer. The round was led by RA Capital Management and also attracted Polaris Partners, Versant Ventures and Avalon Ventures. Pfizer and AbbVie had already backed a $50m series A round in 2017 when Versant, Polaris and Avalon also participated. The latter two had earlier supplied an undisclosed amount of seed financing. Branch, a US-based on-demand payment processing platform, has secured $48m in a series B round led by Addition, with participation from HR Tech Investments, a subsidiary of human resources firm Recruit Holdings, as well as Drive Capital, Crosscut Ventures, Bonfire Ventures, Matchstick Ventures and unnamed other investors. Branch concurrently secured $500m in purchased assets from funds managed by Neuberger Berman. March Capital Partners led a $6.8m series A round with participation from CrossCut, Techstars Ventures, Matchstick Ventures and undisclosed others in August 2017, bringing its total funding to more than $10m. Angel investors and undisclosed others participated in a seed round in 2016. China-based semiconductor technology developer Southchip Semiconductor has raised RMB300m ($46.3m) in a series D round co-led by smartphone maker Vivo Communication Technology and venture capital firm Lightspeed China Partners, Yicai Global has reported. Cash Capital, the venture capital arm of Chinese Academy of Sciences, also took part in the round, as did Sequoia China and undisclosed new and existing investors. Southchip raised $14.5m in a series B round in May 2019 that was led by the China Integrated Circuit Industry Investment Fund investing together with Cash Capital, Shunwei Capital and Chenhui Venture Partners. The business had closed a series A round of undisclosed size led by Shunwei in January 2018. Family robot developer Nxrobo-backed China-based satellite…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).