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Managers planning new 'crossover' funds despite tough 2022

Managers planning new 'crossover' funds despite tough 2022
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Tempo lands $200M for digital fitness studio, Benchling scores $200M for pharma research platform and other digital health fundings


Photo by IronHeart/Getty Images
At-home digital fitness studio Tempo has raised $220 million in its recently closed Series C funding round. SoftBank Vision Fund 2 led the round with additional participation from new investor Steadfast Capital Ventures and returning investors DCM, General Catalyst, Norwest Venture Partners, and Bling Capital.
Tempo plans to use the money to continue enhancing its artificial intelligence and 3D sensor tracking technology. The company’s flagship workout device scans users 30 times per second to guide users through the session while correcting their form when necessary.
Coming less than a year after its $60 million raise, Tempo now has nearly $300 million in funding to date. ....

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Benchling Raises $200M Series E To Accelerate Biotech R&D


Benchling Raises $200M Series E To Accelerate Biotech R&D
Led by Sequoia, new funding will fuel life sciences cloud leader s global growth and product expansion
SAN FRANCISCO, April 14, 2021 /PRNewswire/ Benchling, the leading life sciences R&D cloud, has raised $200 million in Series E funding led by Sequoia Capital Global Equities and joined by Altimeter Capital, Byers Capital and Elad Gil. Existing investors participated, including Thrive Capital, Benchmark, Menlo Ventures, Alkeon Capital, ICONIQ, Lux Capital, Spark Capital and Lead Edge Capital. The company will use the funding to aggressively invest in product development and global expansion to support enterprise customers. ....

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