NewAmsterdam Pharma Company announced topline results from a Phase 2 clinical trial evaluating obicetrapib, the company’s oral, low-dose and once-daily cholesteryl ester transfer protein (“CETP”) inhibitor, in combination with ezetimibe as an adjunct to high-intensity statin therapy.

On Day 2 of the annual J.P. Morgan Healthcare Conference, Alto’s founder and CEO Amit Etkin, MD, PhD, details the company’s Precision Psychiatry Platform and the safety and efficacy of ALTO-100 in patients with major depressive disorder (MDD).

UAE-based spend management platform Alaan said Monday that it raised $4.5 million in a Pre-Series A funding round led by Presight Capital and Y Combinator with the participation of other angel investors, bringing its total funding to $7 million.

$70 Million Financing Round led by L Catterton to Support Razor’s Leadership as a Global E-Commerce Operator. Razor Group Acquires VALOREO to Advance Global Growth Strategy.

Following a successful expansion from antibodies into T-cell receptors and genetic medicines, Alloy will broaden its pre-competitive discovery technology and discovery services to enable innovative new therapeutic formats.

Qonto, the French business banking unicorn, today announced plans to acquire German fintech Penta. The deal is expected to close in the next few weeks, and will help Qonto push hard into Germany — where it hopes to become the market leader.

While most animal-milk alternatives have their own unique tastes and textures, Perfect Day has devised a way of “teaching” microflora to produce milk whey protein, resulting in dairy-identical products with no cows involved.

Mexico-based startup Valoreo is one surfing the wave of capital inflows for brand aggregators. After raising a $30 million Series A round in July 2021, the company is now securing its Series B, an $80 million round led by the private equity firm L Catterton.

Cloud Paper is a sustainable, bamboo-based alternative to toilet paper made from tree-free materials. The company raised a $5 million round from Bezos Expeditions (the personal investment company of Jeff Bezos), Marc Benioff’s TIME Ventures, Presight Capital, Soundwaves and Jeff Wilke.

Fintech startup Velocity has raised $20 million in a Series A round led by Peter Thiel’s Valar Ventures and other investors including Presight Capital, iSeed, Maninder Gulati, Zac Price and Philippe De Mota. 

In the latest development, Berlin’s Razor Group has now raised $125 million of equity funding in a Series B round that CEO and co-founder Tushar Ahluwalia said pushes the company past a $1 billion valuation.

A consortium of lenders, including freshly minted unicorn OfBusiness, Innoven Capital, and Alteria Capital, have also committed capital to the platform.

Singapore-based ecommerce aggregator Una Brands said it has raised US$40 million in its seed round of equity and debt financing, marking one of the biggest seed funding rounds in the region.

Presight Capital has closed its $350 million second fund only a year and a half after it announced an $80 million first fund.