Sectors

Heal has entered into a strategic partnership with Humana that includes a $100m investment from the corporate and will support an expansion into additional US cities.

PayU returned to lead an $85m funding round for Remitly as demand for its cross-border money transfer service continues to grow amid the pandemic.

Nan Fung Life Sciences formed part of a consortium of new and existing backers that injected $71m into hearing aid manufacturer Eargo.

Sanquan Food-backed convenience store operator Guoquan Shihui has raised $60m in series C funding to bring its total capital to more than $123m.

Lincoln Property Company has contributed to a $51m series C round for Density, which has created technology to anonymously count the number of people in a space.

AI-powered online education platform Toppr will look to scale its offering following a $46m series D round, though Brand Capital did not return for the latest capital injection.

Osaka University Venture Capital was among the investors in a series D round for Kyorin University-founded cancer treatment developer J-Pharma.

Italian tech transfer fund Eureka has attracted an initial $44.9m from LPs including ItaTech as well as Umbra and Saes to invest in spinouts from domestic institutions.

Funding for HUJ spinouts remained stable during the first six months of 2020 as the Israeli VC sector showed signs of resilience amid Covid-19.

Drug protein discovery company Bright Peak hopes to deliver conjugated cancer immunotherapies based on an ETH Zürich-invented platform.

Mitsui and Virgin-backed remittance service TransferWise has bolstered its valuation to $5bn, up from $3.5bn, through a $319m secondary share sale.