Pfizer has acquired a 15% equity interest in gene therapy company Vivet and secured an exclusive option to acquire the company. The two companies will collaborate with Pfizer on the development of Vivet's proprietary treatment for Wilson disease and this partnership will help them to continue to develop therapies for patients suffering from inherited liver disorders.
The Berlin-based insurtech firm which facilitates insurance management for companies and their customers has grown its revenues to $40m and now serves more than 1500 brokers and over 400,000 customers. This Series B funding round will help spearhead the company's expansion into the European broker market and enable wefox Group to create an all-in-one insurance platform and connect insurers globally.
Botify, specialist in organic search marketing, uses its SEO platform to support companies such as Nike, Expedia, Marriott and Conde Nast to build their websites with optimal organic search performance. After an incredible 2018 which saw growth of over 200% for the company in the US, they are opening their 2nd US office in Seattle at the start of March. This, coupled with the new funding led by Idinvest Partners, will enable them to extend their worldwide footprint and will fuel product innovation, customer adoption and success.Benoist [...]
Creator of the world's leading employee retention platform, Peakon has closed a $35m extension to their Series B funding round to bring the total to $57m. Their SaaS platform which brings managers and employees together is already used by clients such as Verizon, BMW and easyJet. Following impressive growth in the US market in 2018, the company aims to use this funding round to continue to scale growth in the US and grow their product and engineering teams.
Idinvest Partners has announced the final closing of the ISIA Fund (Idinvest SME Industrial Assets) at €340m, surpassing its initial target of €300m by 13%.Launched at the end of 2017, ISIA is the first diversified fund intended to finance the modernisation of production tools for European SMEs, and has the ability to finance over fifty operations. To date, ISIA has already supported over fifteen companies and financed nearly fifty pieces of industrial machinery.
WeMaintain joins Idinvest's Smart City portfolio having managed to establish itself on the historically closed elevator repair market. The startup's platform assembles qualified mechanics and allows them to work independently. Having already attracted large clients in Paris' Central Business District, this funding will enable the company to strengthen its presence in Paris and begin providing support to its customers worldwide.
The pioneering startup which has a revolutionary approach to Active Directory cyber-security achieved more than 500% growth in 2018 and has attracted clients such as Orange, Sanofi and Sodexo. This funding will allow Alsid to expand into new markets including the United Kingdom, Singapore, Germany and Northern Europe and to prepare to enter the US and Japanese markets planned for 2020.