Belgian cancer research firm Iteos raises $75 mln

Iteos Therapeutics, a Belgian medical research company developing drugs to treat cancer, has raised $75 million through private financing to start clinical trials of two candidate drugs and expand into the United States. The company, based in Gosselies, about 50 kilometres south of Belgian capital Brussels, is focused on targeting some of the mechanisms cancers have to suppress the immune system.

weekly MarTech briefing: June 11

As part of our mission to help demystify the marketing technology landscape, we've tasked our research team with creating a weekly report that will cover the latest happenings in the world of MarTech. The briefing will include, but not limited to, key rounds of funding, new technologies entering the market, press releases, career moves, and a spotlight on influencers social activity.

MetaProp launches $40M investment fund

Real estate tech accelerator and venture capital firm MetaProp has raised $40 million for its second fund, which it will use to back 40 early-stage companies. The property tech accelerator, founded in 2015 by Clelia Peters, Zach Aarons and Aaron Block, initially had planned to raise $25 million for its second fund, but investor interest pushed that figure up to $40 million, Peters said.

Ex-Facebook exec Chamath Palihapitiya’s VC firm just lost 3…

Palihapitiya says the firm will shift focus away from new growth opportunities and instead be "doubling down on proven winners." On Monday, the firm's cofounder Chamath Palihapitiya announced that growth equity chief Tony Bates, who is the ex-president of GoPro, and vice chairman Marc Mezvinsky, a former hedge fund manager who happens to be Chelsea Clinton's husband, will be leaving Social Capital amid an organizational shakeup.

Throw Your Best Beauty Pitch in Vegas

The devil, they say is in the details, but salvation comes from angels - angel investors that is! If you have a great idea for beauty head to Las Vegas and Cosmoprof North America to take part in Beauty Pitch Angels 2018, a new program that brings private equity and venture capitalists together with some of the latest industry innovators. Interested brands must apply online and pre-selected companies will be invited to pitch live to a group of prominent angel investors at Cosmoprof North America, taking place at the Mandalay Bay Convention Center in Las Vegas, July 29-31, for the chance to walk away with a business-building cash infusion and brand exposure at the event.

Bain Capital nears deal to buy Varsity Brands for $2.5 bln-CNBC

Bain Capital Private Equity is nearing a deal to buy cheerleading uniform and equipment retailer Varsity Brands for $2.5 billion, CNBC reported on Tuesday, citing sources familiar with the matter. Varsity Brands, which even organizes cheerleading competitions in the United States, was bought by Charlesbank Capital Partners-led investment group in 2014 for about $1.5 billion, according to the report.