PT Ilectra Motor Group (IMG or ALVA) with its brand ALVA has finalized its Series B fund raise, totalling up to USD50 million. The round which included all previous investors, is led by Horizons Ventures. New investors include HH-CTBC Partnership, L.P. (Foxconn Co-GP Fund), which together with Horizon Ventures and Indika Energy, form the largest investors of IMG to date. New investors other than Foxconn Co-GP fund include Brama One Ventures. Proceeds from the Series B funding will be used.
Vancouver-based SaNOtize Raises $24 Million in Series-B Financing to Advance Its Nitric Oxide-Based Therapeutics. Vancouver, BC, August 26, 2022 Vancouver-based SaNOtize Research & Development Corp., an anti-infective-focused therapeutics company, announced an oversubscribed $24 million Series-B funding round to advance its nitric oxide-based therapeutics pipeline.
Co-led by Horizons Ventures and OurCrowd, new funding enables SaNOtize to invest in its ongoing Phase 3 clinical trial for COVID-19 prevention and enhance clinical development of its other nitric