Techweek

Deals Beyond The Valley | Week of Dec 25, 2017

By    |   December 29, 2017, 5:24 pm EDT

In this new series, we recap the 5 biggest deals from beyond the valley each week, as part of Techweek’s mission to support hero companies and ecosystems in diverse places across North America.

It’s the final week of the year, and what a year it has been! 2017 brought on a deluge of exciting and terrifying news in tech, from Amazon’s extending reach and SoftBank’s giant new Vision Fund to major breaches at established companies like Equifax and the slow sinking of Snap.

Deal activity this year was robust – 2017 saw almost 15,000 financings totaling over $146B. Compared to 2016 with 14,000 financings totaling $124B, this year saw a 7% increase in total deal volume and a 17% increase in total deal amount.

The last week of the year did not go by quietly. Several companies outside the valley raised big rounds. Here are the top 5:

1. Millendo Therapeutics – Ann Arbor, MI: $50M Series C
Millendo Therapeutics is a clinical-stage biopharmaceutical company focused on treating adrenal problems. The raise comes just a few days after they announced their acquisition of Alizé Pharma SAS, a French company that recently completed positive Phase 2 clinical trials for the drug “Livoletide.” Investors include Frazier Healthcare, New Enterprise Associates, and The Roche Fund.

2. Collibra – New York, NY: $47M Series C – II
Collibra provides a data governance solution that is “used by more than half of the world’s largest ten banks.” The investment was made by ICONIQ capital, which amongst other things, invests money on behalf of Facebook Founder Mark Zuckerberg.

3. Metavention – Minneapolis, MN: $30M Series A
Metavention is a medical device company that develops therapies for type 2 diabetes. The investor for this round was Versant Ventures.

4. NextCapital – Chicago, IL: $30M Series C
NextCapital offers financial planning software and personalized financial plans that help users achieve their wealth management goals. Investors in this round include AllianceBernstein, Russell Investments, and Transamerica Ventures.

5. YouNow – New York, NY: $17M Series D
YouNow‘s mission is to create a truly interactive platform where anyone can participate and express themselves live. YouNow hosts more than 100 million user sessions a month and 50,000 hours of live video every day.” Investors in this round were Union Square Ventures, Venrock, and Zeev Ventures.

See you in the New Year with the best beyond the valley!

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