Deals Digest: Riverside invests in Avance Clinical; EasySend nets $51m

Photo: REUTERS/Beawiharta

Global investment firm The Riverside Company has invested in Avance Clinical, an Australian contract research organisation, while Israel’s EasySend raised $50.5 million in funding.

The Riverside Company invests in Australia’s Avance Clinical

Global investment firm The Riverside Company has invested an undisclosed amount in Avance Clinical (Avance), an Australian contract research organisation (CRO) for international biotech firms, according to an announcement.

The amount of the investment was not disclosed and Avance said the funding will further support the expansion of its clinical trial business.

“With the support of Riverside and its powerful global footprint and deep healthcare experience, Avance Clinical will execute on its regional and international expansion plans organically and via acquisitions,” said CEO Yvonne Lungershausen.

Avance provides global regulatory standard clinical research services across all phases to the local and international biopharma industry. It has been accredited to expand into clinical trials for vaccines and GMO therapies.

Israeli startup EasySend scores $50.5m in Series B funding

EasySend, a no-code digital customer platform based in Israel, announced raising $50.5 million in its Series B funding round led by venture and growth equity investment firm Oak HC/FT.

Aside from the Series B funding, which was also participated by Vertex IL, Intel Capital, and Hanaco Ventures, EasySend said it also secured $5 million in venture debt from Silicon Valley Bank.

Founded in 2016 by CEO Tal Daskal, COO Omer Shirazi, and CTO Eran Shirazi, EasySend’s platform allows enterprises and SMEs to build and launch digital customer journeys, including customer applications, onboarding questionnaires, and claims forms, in days.

The company said its platform utilises a no-code builder that is cloud-based and leverages AI, third-party integrations, and analytics to provide seamless customer experiences.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.