Funding & Acquisition Roundup – 28 May

by | May 28, 2021

90 Million Series B financing round for digital health company Ada

Leaps by Bayer, the impact investment arm of Bayer AG has led a USD 90 million Series B investment in Berlin-based digital health company Ada Health. The investment will help advance Ada’s popular health assessment technology. Additional investors joined the round, including Samsung Catalyst Fund, Vitruvian Partners, Inteligo Bank, F4 and Mutschler Ventures. “Today’s investment will help bring us closer to our goal of improving healthcare outcomes for more than 1 billion people around the world. We’re proud to have investors on board who truly believe in Ada’s technology and vision of transforming the way people access healthcare,” said Daniel Nathrath, CEO and co-founder of Ada Health.

eCommerce platform Wayflyer raises $76m in Series A 

The Dublin headquartered platform has raised $76m after advancing over $150m since launching in April 2020. Commenting, Aidan Corbett, Wayflyer CEO said, “we exist to help eCommerce businesses grow, and reduce the traditional barriers they face as they scale. Our rapid growth since launch demonstrates the strength of this proposition and our relentless focus on customer service, and we’ve only just scratched the surface of this enormous market. The number of direct-to-consumer brands launching every day continues to amaze us and we’re excited about the next stage of our mission to become the go-to-growth platform for merchants looking to realize their potential.”

ICAS buys mental health tech startup Hello Tomo

ICAS World a mental health and employee wellness services provider has acquired the NHS-commissioned mental health tech startup, Hello Tomo. Hello Tomo helps users build and maintain healthy habits to manage depression, anxiety and their overall mental health. Andrew Davies, CEO, ICAS, said, “we already support more than 2400 companies and 6.5 million employees and their families through our global network. By blending Hello Tomo’s entrepreneurial spirit and technical capabilities with our expertise, heritage and global reach, we hope we can give even more people the tools they need to better manage and protect their mental health.”

Cleantech energy company eleXsys Energy raises £640,000 through Angel Investment Network

eleXsysEnergy has raised £640,000 through Angel Investment Network, the world’s largest online angel investment platform. The eleXsys technology enables large commercial and industrial rooftops to become grid-connected, solar power plants. The raise took four months and was part of a larger £5m funding raise, including a Series A round of £3.55m.

Platform.sh announces intent to acquire Blackfire SAS

San Francisco based Platform.sh today has announced its intent to acquire Paris based Blackfire SAS. Blackfire is an integrated application performance profiling, testing, monitoring, and optimisation suite for web sites and applications. “We have collaborated and shared a vision for years: to focus on building their value, businesses need a unified platform that seamlessly brings their ideas to life. Platform.sh offers a robust technology for teams to work on applications from development to production, through continuous integration and staging, and back. Blackfire.io gives them the observability they need at each step of this lifecycle, to identify and fix performance issues as early as possible,” said Fabien Potencier, CEO at Blackfire

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