Deals of the week May 10 to May 14 – a GrowthBusiness roundup

Growth Business roundup of Deals of the Week, May 10 to May 14, listing seed funding, venture capital and crowdfunding deals of note

Huma signs off £92m in Series C funding

Huma, the digital health platform, has closed another $130m (£92.3m) in Series C funding led by Leaps by Bayer and Munich-based Hitachi Ventures. The investment arms of Bayer, Hitachi, Samsung, Sony Innovation Fund by IGV, Unilever and the PE fund HAT all became investors, as did former Softbank president Nikesh Arora and Allianz chairman Michael Diekmann. Huma, whose clients include the NHS, was named Europe’s fastest-growing healthcare company by the Financial Times.

StuDocu crams £36m in Series B funding

StuDocu, an edtech scale-up which offers students a platform to exchange knowledge, has closed $50m (£36m) in Series B funding from Partech. The online platform allows students to share their study materials – lecture notes, summaries and practice materials – and exchange knowledge with fellow students. StuDocu currently has 15m student customers from 2,000 universities across 60 countries. The global college and university student population is estimated to be 200m people.

Unmind closes £33m in Series B funding

Unmind, the workplace mental health platform, has closed $47m (£33m) in Series B funding led by EQT Ventures alongside Sapphire Ventures. Other investors in the round were Project A, Felix Capital, and True. About 70 per cent of employers plan to invest in mental health resources for employees, according to McKinsey, with 88 per cent of large employers offering online mental health support this year, per Mercer.

Panaseer raises £19m in Series B

Cybersecurity start-up Panaseer has closed $26.5m (£18.8m) in Series B led by AllegisCyber Capital alongside existing investors including Evolution Equity Partners, Notion Capital, AlbionVC, Cisco Investments and Paladin Capital Group, as well as new investor, National Grid Partners. Panaseer’s cybersecurity monitoring technology is designed for enterprise-level companies. The start-up’s total funding to date is now $43m.

Remedy Health chews on £8m funding round

Remedy Heath, which manufactures personalised vitamins, has raised another $11m (£7.8m) to help it expand into the kids’ vitamin market. New investors are ADM Ventures, the corporate venture arm of ADM, and Cibus Fund, with follow-on investment from Apater Capital and Henkel X.

The new funding values the company at $71.6m in a year where revenues grow by more than 600 per cent. Founder Melissa Snover achieved the largest-ever seed found by a female founder in Britain ($2.75m) after she launched Remedy Health 18 months ago.

Seedrs helps plough another £1.3m into Maison Sport

Maison Sport, the ski instructor search engine, has closed a new £1.25m funding round through angel investors alongside a Seedrs crowdfunding campaign. The travel tech start-up enables learner skiers to find instructors with over 1,200 independent instructors on its books.

Ilumoni lights on £1.2m in seed funding

ilumoni, the app which helps people save on unnecessary interest payments and repay debts faster, has raised £1.2m in seed funding having launched in beta earlier this year. The AI-driven fintech previously raised £455,000 in pre-seed funding. The fintech will use money raised to launch illumoni in the Apple and Google app stores.

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Deals of the week May 4 to May 7 – a GrowthBusiness roundup

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