UCB Agrees to Acquire Ra Pharmaceuticals: Joining Forces to Improve Treatment Options for People Living With Myasthenia Gravis and Other Rare Diseases

 BRUSSELS & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 10, 2019-- regulated information – inside information – UCB and Ra Pharmaceuticals Inc. (NASDAQ: RARX, Ra Pharma) announced today their entry into a merger agreement pursuant for which UCB will acquire Ra Pharma. Under the terms of the agreement, Ra Pharma shareholders will receive US$ 48 in cash for each Ra Pharma share at closing. The Boards of Directors of both companies have unanimously approved the transaction, which remains subject to approval by Ra Pharma shareholders and to obtaining antitrust clearance and other customary closing conditions.

Ra Pharma is a clinical-stage biopharmaceutical company leveraging a proprietary peptide chemistry platform to develop novel therapeutics for the treatment of serious diseases caused by excessive or uncontrolled activation of the complement system, a critical component of the innate immune system. The company was founded in 2008 and is headquartered in Cambridge, MA, U.S. The company’s ExtremeDiversity™ platform enables the production of synthetic macrocyclic peptides combining the diversity and specificity of antibodies with the pharmacological properties of small molecules….

Icertis Recognized for AI Leadership in Exclusive Forbes AI 50 List

Oct 01, 2019

CLM Front-Runner Lauded for Delivering Business Value by Unleashing Power of AI on Contracts

BELLEVUE, Wash., October 1, 2019 – Icertis, the leading provider of enterprise contract management in the cloud, today announced its inclusion in the inaugural Forbes AI 50 report, the definitive list of America’s most promising companies working with artificial intelligence (AI). Icertis was selected based on its impressive customer base and ability to show demonstrated business value from the application of machine learning and natural language processing to contracting. Selected from hundreds of applicants, Icertis placed 7th on the valuation-ranked list and was the only company to be featured from the fast-growing contract lifecycle management (CLM) market.

“The inherently broad term ‘artificial intelligence’ gets bandied about so often that it can start to feel meaningless and can be trotted out by companies to gussy up even simple data analysis,” said Jillian D’Onfro, writer at Forbes. “To help cut through the noise, Forbes and our data partner Meritech Capital put together a list of private, U.S.-based companies that are wielding artificial intelligence in a meaningful way and demonstrating real business potential from doing so.”…

Peloton Announces Pricing Of Initial Public Offering

NEW YORK, Sept. 25, 2019 /PRNewswire/ -- Peloton Interactive, Inc. today announced the pricing of its initial public offering of 40,000,000 shares of its Class A common stock at a public offering price of $29.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on September 26, 2019 under the ticker symbol "PTON." The offering is expected to close on September 30, 2019, subject to the satisfaction of customary closing conditions.

In addition, the underwriters have been granted a 30-day option to purchase up to an additional 6,000,000 shares of Class A common stock from Peloton at the initial public offering price, less underwriting discounts and commissions….

LegalZoom Names Daniel Wernikoff Chief Executive Officer

John Suh to transition to Senior Advisor after having led the company to category leadership over a 14 year tenure

September 24, 2019 05:00 PM Eastern Daylight Time

GLENDALE, Calif.--(BUSINESS WIRE)--LegalZoom, the leading provider of legal and business solutions for small businesses and families, announced that Daniel Wernikoff will join the company as CEO, succeeding John Suh, who has decided to transition after 12 years as CEO and 14 years on the company’s board of directors. Under Suh’s leadership the company grew twenty-five-fold from 2004 to 2019. Suh will continue as a shareholder and Senior Advisor to the company.

“I’m so proud of our team, and it’s been a privilege to lead LegalZoom through multiple rounds of transformation. I’ve been hoping to transition from day to day responsibilities for a long time, but it wasn’t until Dan agreed to join LegalZoom that I felt confident handing over the reins of this extraordinary company,” said Suh. “Dan had great success running consumer and small business solutions for Intuit, and I know our team can be excited about the next chapter of growth with him at the helm.” …

SMB payroll startup Gusto raises $200M Series D, plans R&D expansion to NYC

Every employee loves receiving their paycheck. It just so happens, though, that paying employees can be a royal pain, what with incredibly diverse labor laws across all 50 U.S. states. While large, Fortune 500 employers have a bevy of options, from traditional firms like ADP to newer entrants like Workday, small and medium businesses (SMBs) face the brunt of the challenge — too small to be attractive to the biggest players, but still responsible for following the complexity of U.S. labor law.

Gusto was founded to solve that problem for SMBs, and so far, it has seen strong adoption. The company crossed the 100,000 customer barrier in the past year, out of an estimated six million small businesses in the United States. “I feel like we are still at the beginning stages,” Gusto’s founder and CEO Josh Reeves told TechCrunch….

Bright Health brings its groundbreaking Health Plan Care Partner Model to 13 new markets for 2020

Today, Bright Health announced it will begin offering its innovative Health Plan Care Partner Model in 13 new markets across seven states in 2020 plus expanded product offerings in every existing market. This market expansion brings Bright Health Plan's footprint to a total of 22 markets in 12 states, building on its sizable growth last year when it added products in Arizona, New York, Ohio and Tennessee. All product offerings are subject to final regulatory approvals….

Icertis Cements Undisputed CLM Market Leadership with $115 Million Round

BELLEVUE, Wash., July 17, 2019Icertis, the leading provider of enterprise contract management in the cloud, today announced the closing of a $115 million Series E round. With this funding, Icertis becomes the first Contract Lifecycle Management (CLM) company in the world to be valued at more than a billion dollars.

Icertis is recognized as the CLM category leader due to its groundbreaking AI-infused Icertis Contract Management (ICM) platform and unparalleled success in winning Global 2000 customers. It counts some of the most sophisticated enterprises across all major verticals, as well as 5 of the world’s top 10 most valuable companies, as its customers. Today, the ICM platform helps customers worldwide manage over 5.7 million contracts with an aggregate value of more than $1 trillion.

The round was co-led by Greycroft and Premji Invest with participation from existing institutional investors including B Capital Group, Cross Creek, Eight Roads, Ignition Partners, Meritech Capital Partners and PSP Growth…

MX Raises $100 Million in Series B Financing, Signs 2,000th Customer

$175 million total funding to date will be used to deliver next generation data solutions

SILICON SLOPES and LEHI, Utah – June 25, 2019 – MX, the leading data platform for banks, credit unions and fintechs, today announced a $100 million financing round. In addition, the company announced it has reached the 2,000 customer milestone with the signing of Synovus Financial Corp. as its newest customer.

The round was led by Battery Ventures, with participation from new investors H.I.G. Growth Partners, Point72 Ventures, Sorenson Ventures, Pelion Venture Partners, and Cross Creek Capital; from existing investors Industry Ventures, Digital Garage, TTV Capital, and Commerce Ventures; as well as from customers National Bank of Canada and Washington Federal Bank……

Mobile Games Publisher Scopely Hits $1 Billion In Lifetime Revenue

Scopely, the mobile game company behind big brand tie-ins like The Walking Dead: Road to Survival, WWE Champions and Wheel of Fortune: Free Play, hit $1 billion in lifetime revenue. Six of the game’s franchises are set to exceed $100 million, helping boost 2018 revenue by 80% year over year. Its early 2019 run rate of $400 million is getting a significant bump via last year’s hit Star Trek Fleet Command. And it’s also seeing big returns from older products like the seven-year-old Dice franchise—encompassing Dice with Buddies, Yahtzee with Buddies and Dice with Ellen—which just had its biggest year and is projected to surpass it in 2019….

What It Takes to Build an Iconic Marketplace: The Poshmark Story

They were rejected by 200+ investors. They were turned down by every single payment processor in the country. They discovered they were in violation of USPS regulations, and almost ran out of money.

Yet today, Poshmark is one of the most successful marketplaces of all time.

Poshmark is the most amazing story most Founders have never heard - but should. This is a company that has more people making money on it than on Uber, Airbnb, Lyft, and Etsy combined. A network of 50 million people who engage an average of 7-8 times each day, Poshmark is one of the best case studies for marketplace Founders everywhere….