PHEMI Health Systems, a Canada-based big data platform, has bagged a seed funding round of $2.8 million from various investors, a statement about the funding said.
Healthcare Health/Fitness
The Africa Group picks up 25pct stake in Ethiopia's Telemed
US-based boutique advisor and venture capital firm The Africa Group (TAG) picked up a 25% stake in Ethiopia-based health systems engineering services provider Telemed Medical Services (Telemed) for an undisclosed amount to help more people gain access to health resources.
India Agribusiness Fund invests INR75 crore in Beloorbayir Biotech
Private equity firm Agribusiness invested INR75 crore in Bangalore, India-based nutraceutical and pharmaceutical ingredients supplier Beloorbayir Biotech for the latter's product development and international expansion.
Intel to pour $15M into Israeli smarglasses startup OrCam
Intel Capital is planning to pour $15 million in funding into Jerusalem, Israel-based smartglasses maker to continue helping visually impaired people using the startup's product.
CapMan Buyout X fund to buy majority stake in Finnish sauna business Harvia Oy
CapMan Buyout X fund has agreed to buy a majority stake in sauna business Harvia Oy, a statement about the funding said. Financial terms of the deal were not disclosed.
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Pune, India-based software services firm Persistent Systems used its venture capital fund to invest an undisclosed amount in California, US-based hand hygiene solutions startup Hyginex for its international expansion.
San Jose, Costa Rica-based healthy food startup Natural Sins sells baked snacks made of real fruits and vegetables in a bid to help fight obesity.
WelVU, a startup that offers a multimedia patient engagement technology platform, raised $1.25 million from unnamed investors for its initial seed funding round, VentureBeat reported.
Denver, US-based health tech firm Welltok Inc acquired Seattle-based health app developer Mindbloom for an undisclosed amount to establish itself in the mobile health space.
Pasadena, California-based kinetic desk maker Stir raised $1.5 million in a seed funding round led by Vegas TechFund and Zach Ware to scale up its production and distribution efforts.
Citing sources, The Wall Street Journal reported that Singapore state investment firm Temasek Holdings was in advanced discussions for a "strategic" stake acquisition of Li ka-shing's health and beauty retailer Watson.
CitiusTech, a healthcare IT firm, was able to get an undisclosed substantial investment amount from growth equity firm General Atlantic, a statement about the funding said.
After issuing a recall and full refund for the involved product, San Francisco, California-based fitness tracker maker FitBit is now facing a class-action lawsuit filed by a customer over the rash issue caused by the latest version of its Force fitness band.
Investment management firm Blue Ocean invested $5 million in Fort Collins, Colorado-based dental firm St Renatus for the latter's drug application for its needle-free anesthetic.
