Iris Dorbian

Excision BioTherapeutics, a developer of advanced gene editing therapeutics that treat life-threatening disease caused by neurotropic viruses, has closed $10 million in seed funding. ARTIS Ventures led the round.

Merck has agreed to acquire Germany-based Rigontec, which focuses on RIG-I targeting RNA therapeutics. According to terms of the deal, Merck will make an upfront cash payment of 115 million euros to Rigontec’s shareholders. Also, based on the fulfillment of certain milestones, Merck may make additional contingent payments of up to 349 million euros. Rigontec is backed by Boehringer Ingelheim Venture Fund, Forbion Capital Partners, High-Tech Gründerfonds, MP Healthcare Venture Management, NRW.BANK, Sunstone Capital and Wellington Partners Life Sciences.

Event Pop, a Thai event management platform, has raised an undisclosed amount of Series A funding. InVent led the round with participation from Beacon Venture Capital.

Stockholm-based Fast Travel Games, a virtual reality games studio, has raised $2.1 million in Series A funding. Industrifonden led the round with participation from Creades, Inbox Capital and return backer Sunstone Capital.

Metawave Corp has secured $7 million in funding. The investors included Khosla Ventures, Motus Ventures and Thyra Global Management. Palo Alto, California-based Metawave, which spun out of PARC earlier this year, is a wireless tech company.

Arlington, Virginia-based DivvyCloud, a developer of technology that automates and manages cloud infrastructure, has secured $6 million in funding. RTP Ventures led the round.

UK-based FiveAl, a builder of technology for urban driverless vehicles, has secured 14 million pounds in Series A funding. Lakestar Capital led the round with participation from previous backers Amadeus Capital Partners, Notion Capital and Kindred.

Labster ApS, a Danish provider of virtual lab simulations, has secured $10 million in Series A funding. The investors were Balderton Capital, Northzone and Unity Technologies founder David Helgason.

San Francisco-based Orion Labs, a voice communication platform for teams in business, enterprise, and government organizations, has closed $18.25 million in financing. Allen & Company LLC led the round with participation from other investors that included Argentum, The Thermo Companies, Avalon Ventures, Motorola Solutions and Fuel Capital. In conjunction with the financing, Richard Fields of Allen & Company LLC has joined Orion Labs’ board of directors while Walter Barandiaran, co-founder and managing partner of Argentum, has become an observer.

Capital One Growth Ventures, the venture arm of Capital One Financial, has joined Snowflake Computing's Series D funding round, raising its total to $105 million. San Mateo, California-based Snowflake Computing is a data warehouse company built for the cloud.