Healthcare Health/Fitness

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.

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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.

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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.

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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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UK-based PayasUgym secures £1.6 million more in new funding round

UK-based PayasUgym has obtained £1.6 million in a new round led by Albion Ventures, MMC Ventures and other angel investors, bringing to £3.5 million its funding total to date, TechCrunch reported.

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AMRI buys Wisconsin pharma firm Cedarburg for $41M

Albany Molecular Research Inc bought Grafton, US-based pharmaceutical ingredients manufacturer Cedarburg Hauser Pharmaceuticals in a deal valued at $41 million that will up its 2014 revenue by $14 million.

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Canada-based PHEMI Health Systems bags $2.8M in seed round

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.

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Costa Rican startup Natural Sins helps fight obesity by making snacks made of fruit and vegetables

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.

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Indian software firm Persistent Systems invests in California hygiene startup Hyginex

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.

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Denver health tech firm Welltok acquires Seattle health app maker Mindbloom

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.

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Oregon-based WelVU bags $1.25M in seed round

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.

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Temasek Holdings said to be in advanced discussions for substantial Watson stake purchase

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.

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US-based kinetic desk maker Stir raises $1.5M in seed capital

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.

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US-based fitness tracker maker FitBit faces class-action lawsuit over rash issue

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.

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Citius Tech receives "significant investment" from General Atlantic

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.

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