Business, Investments

Funding Roundup: Prenetics Raises USD 2.65M; Landbay Closes USD 2.4M from Omni Partners and More

Prenetics Raises USD 2.65 million for Prenatal DNA Testing

Prenetics, a biotech firm has raised USD 2.65 million for its next generation prenatal DNA testing from 500 Startups, SXE Ventures, Groupon’s APAC lead Joel Neoh, and Singapore’s Coent Venture Partners. The company also appointed a new CEO Danny Yeung, who led Groupon’s East Asia business until April of this year. In 2010, Yeung sold his group buying site uBuyiBuy to Groupon but stayed on as part of that deal until this year.

As per Techcrunch report, On Thursday, the firm also launched a ‘Prenetics V’, a Non-Invasive Prenatal Test (NIPT) that uses DNA to test for 16 different health conditions in a fetus. Prenetics primarily focuses on Prenetics V but there are also plans to expand its offerings to other products in the future. The fresh round of funding will be used for expansion of its services to other markets.

Landbay Closes USD 2.4 million from Omni Partners


London-based Landbay, a Peer-to-peer lending platform for Buy to Let mortgages, has secured USD 2.4 million from Omni Partners. Including this round, the company has raised a total capital of USD 2.9 million in 3 rounds from 2 investors.

Launched in 2013, as a venture of John Goodall and Gray Stern, the company now joined the UK Peer to Peer Finance Association (P2PFA), alongside founding members Zopa, Ratesetter and Funding Circle. In U.K Zopa pioneered the P2P lending and closed USD 25 million earlier this year.

Inksedge Raises USD 1.5 million Seed Round from NEA and Others

Silicon Valley and Bangalore based Inksedge, an e-commerce and design services company, closed a USD 1.5 million seed round, led by New Enterprise Associates (NEA). The other investors included Pinnacle Ventures, Anand Rajaraman’s Milliways Ventures and angel investors including Nickhil Jakatdar, Gokul Rajaram, Mark Perry, and Anil Kamath.

The raised funds will be used for marketing, fulfillment infrastructure and to launch new products including a wedding paper collection in 2015. Launched in October 2014 with Diwali and birth announcement collections, the company has since expanded to holiday cards and invitations.

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