Sectors

The Slack-backed app monitoring platform developer raised the money in a round led by returning investor Accel, bringing its total funding to $127m.

Boreal Ventures will invest in deep tech companies emerging from ÉTS Montréal’s incubator Centech and the wider Quebec ecosystem.

South China University of Technology spinout POI-Tech is working on industrial internet applications and will use some of the money to expand R&D activities.

Proeza-backed electric truck producer Xos will list on the Nasdaq Stock Market and have an implied pro forma market capitalisation of $2bn.

The Bertelsmann-backed manufacturing software developer took its total funding past $110m with the close of the $77.3m round.

The Rabobank-backed accounting software and marketplace provider was valued at about $244m in an investment by Lugard Road Capital.

Legend Capital has returned to invest in the metabolic and immunological disease-focused biotechnology developer, having backed its series A round two years ago.

The firm has launched a fund and accelerator called Boab AI that will be run by Deakin University’s former ventures director Andrew Lai.

MIT’s cancer and infectious disease therapy spinout has added $40m to a round that will support the progression of its lead asset into the clinic.

Xfund is among the backers of a $17m round for ImmuneID, which has been set up to commercialise research from Harvard University and Johns Hopkins University.

Main Sequence Ventures-backed FluroSat has joined forces with its peer Dagan and the combined business will operate from the US as Regrow.