Canadian retailer Hudson’s Bay Co has closed its previously announced sale of department store chain Lord + Taylor to Le Tote Inc, a San Francisco-based fashion rental subscription service. The purchase price was C$99.5 million (US$75 million). As part of the deal, Le Tote has acquired the Lord + Taylor brand and related intellectual property as well as the operations of 38 stores, Lord + Taylor digital channels and the associated inventory. Le Tote's backers include Andreessen Horowitz, Azure Capital Partners, GV, Lerer Hippeau Ventures, Sway Ventures and Y Combinator.
Drug developer Akeso has raised nearly $150 million in Series D financing. Loyal Valley Capital and Sino Biopharmaceutical Co. Ltd led the round.
Seattle-based Replenium Inc, a provider of intelligent product replenishment solutions, has secured $8 million in Series A funding. GLP led the round.
Cambridge, Massachusetts-based Arkuda Therapeutics, a biotech firm, has raised $44 million in Series A financing. Atlas Venture and Pfizer Ventures led the round with participation from funds managed by Tekla Capital Management LLC and BioInnovation Capital.
London, Ontario-based The International Test Pilots School has secured $3.5 million in funding. The investor was BDC Capital's Growth & Transition Capital division. ITPS provides test flight training to pilots and engineers of approximately ten countries.
New York City-based CitiXsys, a provider of omnichannel retail management solutions, has secured $60 million in financing. The lead investor was Goldman Sachs.
Santa Clara, California-based Varentec, a provider of grid-edge intelligence and control, has raised $5 million in funding. WindSail Capital Group led the round.
Hundred, a vitamin subscription company, has raised $8 million in funding. The investor was Insight Partners.
Alphabet’s entry into the asset class foreshadows a potential disruption that will force investors to choose between betting on tech or being disrupted themselves.
Extend, a provider of API-first solutions for merchants, has secured $16.4 million in financing. GreatPoint Ventures led the round with participation from other investors that included Pritzker Group Venture Capital, Lightbank and Shah Capital Partners.