Blokable, a startup that manufactures modular smart-home units that are assembled at the building site, raised $23 million in its most recent funding round. With the new capital it plans to develop its second manufacturing facility.
RedDoorz, a Singapore-based hotel booking and management startup focused on budget properties, raised $70 million in its most recent funding round. The company will use the new capital to build a second technology hub and enter new markets.
Several shareholders of the Amsterdam-based file-sharing and presentation technology startup WeShare sold some or all of their holding in a $38.9 million secondary funding round. None of the new capital ended up on the startup's balance sheet.
The US-China trade war has made initial public offerings on China's STAR Market a more attractive option than Nasdaq IPOs for some venture capitalists looking for ways to exit from the startups they back. A downside to that approach is that VCs typically are required to wait for one year after listing on the market before selling their shares.
Google has made public is acquisition of Socratic, a startup that developed an app that answers questions for students working on their homework. Google announced the transaction last week, but the deal closed last year.
SoftBank plans to make loans totaling as much as $20 billion to its own employees who would then reinvest the money in the next Vision Fund, sources said. The company made the same offer for its first Vision Fund.
SpringWorks, a biotech startup that was spun out from Pfizer, has filed for an initial public offering of up to $115 million. The company said the new capital will be used in part to press ahead with further testing on several drugs it has under development.
Satsuma Pharmaceuticals, a startup working on a treatment for migraines, filed for an initial public offering to raise $86 million. It expects to have data available from its latest testing on a combination drug and nasal delivery device during the second half of 2020.
NVCA provides model term sheets and other legal documents
Every year, the venture industry closes thousands of financing rounds with early- and growth-stage companies, creating tens of thousands of pages of legal documents. To save the industry time and money, NVCA has developed a set of model legal documents to serve as templates so that investors and entrepreneurs can spend less time focused on process and more time focused on growing their companies. The template model legal documents were put together by a group of leading venture capital lawyers. Each document is intended to serve as a starting point only, and should be tailored to meet your specific requirements. Visit NVCA's model legal document library.