附近上门

Here’s what you need to know today in startup and venture news, updated by the 附近上门 News staff throughout the day to keep you in the know.

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China’s WM Motor lands $1.47B

, a China-based electric vehicle startup, raised $1.47 billion in a Series D round.

The new investment makes the 5-year-old company, which is backed by and , one of the highest funded EV startups in China. With the fresh capital, WM could for an IPO, potentially on China’s STAR board.

For now, WM says the new financing will go toward research and development, branding, marketing and expansion of its sales channel.

Bright Health secures $500M

, a Minneapolis-based company offering health plan products and everyday clinical care delivery services, raised $500 million in Series E funding.

Investors include funds and accounts advised by, and, with follow-on investments from existing investors including , and.

The new investment brings the 5-year-old company up to more than $1.5 billion in equity financing. Bright Health plans to use the new funds for growth in its 43 markets.

Laird Superfood ups its IPO shares

Oregon-based organic foods company increased the number of shares in its initial public offering to 2.65 million and the expected pricing to between $21 and $22 a share, according to a Tuesday . That is up from its previous offering of 2.2 million shares priced at $18 to $20 a share.

With the increase, the company expects net proceeds of approximately $51.5 million. the company would be valued at up to $184.3 million.

Laird Superfood is expected to list on the NYSE under the ticker symbol LSF. For the six months ended June 30, the company recorded a net loss of $5 million on revenue of $11.1 million, following a loss of approximately $4 million on revenue of $5.4 million during the same period in 2019.

Funding rounds

• Willow raises $55M for new femtech products: , a Mountain View, California-based femtech company that developed an in-bra wearable breast pump, secured an additional $55 million for its Series C that began earlier this year. Existing investor led the round with participation from , and new investor . The new funding will enable Willow to work on existing product innovation and expand its offerings.
• Salvia inks $31M for migraine treatment: , a Netherlands-based neurostimulation platform company, raised $31 million to develop treatments for chronic migraine. The investment was led by , and , with participation from , and .
• Siolta secures $30M for asthma treatment: Biotech company , secured $30 million in a Series B funding to support the clinical development of its microbiome-based product for the prevention and treatment of asthma. The round included and , as well as new investors , and .
• EasySend secures $16M for document digitalization: , an Israel-based company helping financial services and insurance companies quickly convert paper forms and clunky PDFs into digital experiences, announced $16 million in funding led by with participation from . The new funding enables the company to double its current staff across its offices, optimize its product development and expand its customer base.
• Zoop adds $11.4M for digital banking: , a Brazilian technology platform for payments and financial services, said it raised $11.4 million from . This is the Brazilian mobile commerce platform鈥檚 third investment in Zoop and the new funding will help accelerate the rollout of new digital payments, banking and credit.
• NeuroTherapia raises $8.8M: , a Cleveland-based clinical-stage company focused on developing an oral cannabinoid-based treatment for neurodegenerative diseases, announced an $8.8 million Series A financing round. Brain Trust Accelerator Fund II led the round with investments from , and .
• DeepCube raises $7M for neural networks: , a deep learning startup based in Israel, said it closed on $7 million in Series A funding led by , with participation from and , bringing DeepCube鈥檚 total investments to $12 million. The funding will enable it to realize deployment of its deep learning models on data centers and intelligent edge devices.
• Jina AI raises $5.4M for neural search: , an open source neural search startup based in Berlin, closed $5.4 million in Pre-A round financing, led by with participation from and . Launched in February, Jina AI鈥檚 core project is Jina on Github, which enables users to create a cloud-native search solution powered by deep learning in just minutes.
• Cloud Paper inks $3M: Tree-free paper product manufacturer , based in Seattle, announced a $3 million seed round led by and a roster of investors including , , , , and . Cloud Paper鈥檚 first funding round will accelerate its expansion into more tree-free product categories, such as bamboo.
• Aqua Membranes raises $2.1M for water filtration: , an Albuquerque-based developer of a patented 3D printed spacer technology for water filtration, announced $2.1 million in financing. The round was led by and and will accelerate the production of energy-saving water filtration technology to revolutionize membrane water filtration.
• Manticore Games lands $15 million: , which allows creators to make and share games online through its product Core, raised $15 million in a round led by . Manticore is also backed by investors including and .

Other news

, the Los Angeles-based professional sports league that enables fans to call the plays in real time, said its Season v1.0 will launch in February. The announcement is buoyed by an undisclosed investment led by , with participation from , , , , and .

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