Scanadu, a health tech company building mobile medical products for consumers, has raised $35 million in Series B funding led by Fosun International and Tencent Holdings. China Broadband Capital and Iglobe Partners participated, alongside previous backers Relay Ventures, Redmile Group, Ame Cloud Ventures and Three Leaf Ventures. Scanadu has now raised $49.7 million to date. “We continue to build out our family of products and move down the path to regulatory clearance in the U.S. and China,” said Scanadu founder and CEO Walter De Brouwer. “Scanadu’s mission has always been to give eight billion people access to quality healthcare via their smartphones.”
Digital media company Refinery29, which focuses its content towards women, has raised $50 million in funding from Scripps Networks Interactive and WPP. The company will use the money to expand internationally and launch new markets outside the U.S. “Media is at an inflection point,” said Philippe von Borries, co-founder and co-CEO of Refinery29. “Over the next five years, multi-billion dollar media brands will grow out of the digital core, from which Refinery29 was born and is the leader. We are focused on vastly expanding our media and entertainment brand, creating smart, provocative editorial, video, and social content at the intersection of style, culture, and independence.” The company has now raised a total of $80 million.
Loop Commerce, an SaaS e-commerce solution, has raised $16 million in funding. The round was led by Oren Zeev. The company will use the funds to hire new team members and accelerate its growth. “Introducing the personal back into the otherwise impersonal online experience is only the beginning of what we believe to be the transformation of commerce,” said Roy Erez, CEO and co-founder of Loop Commerce. “Challenging some of the core fundamentals of commerce turned out to be a significant task. We couldn’t have dreamed so big without the A-list people who have invested in us from the beginning and have supported us along the way. Their invaluable guidance is helping make our vision a reality — unleashing e-gifting’s potential to change the way we buy, give and receive gifts. We’re absolutely thrilled our investors have decided to increase their commitment and support as we take Loop to the next level.”
DataTorrent, a real-time big data analytics company, has closed a Series B funding round worth $15 million. Singtel Innov8 led the round, with participation from GE ventures and previous backers from the company’s Series A round. The company previously raised $8 million in June 2013. “As more machines are connected to the Industrial Internet, industrial organizations are generating an overwhelming amount of data at high velocity,” said Brett May, Head of Venture Capital and M&A at GE Software. “DataTorrent enables companies to capture and use structured or unstructured data to gain insight and take action in real time. We are excited to see the product innovation at DataTorrent and to support their continued growth.”