Haptic glove developer HaptX hiked a NetEase and Verizon-backed series A round to $28m while several corporates contributed to home care network Welmo's $18.1m series C round.


Asset management firm Crescent Cove Advisors has provided a $4m credit facility for HaptX, a US-based developer of haptic glove technology, to bring a corporate-backed series A round to $28m. HaptX had raised $12m from including internet technology provider NetEase, Dawn Patrol Ventures, Mason Avenue Investments, Taylor Frigon Capital Partners, Upheaval Investments, Votiv Capital, Keiretsu Forum and Keiretsu Capital in late 2019 to take its total funding to $19m. It added $12m in July this year from…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.