Naspers is putting more money into LetGo, a mobile marketplace for used goods that competes with Craigslist, eBay, and Facebook Marketplace, along with start-ups like OfferUp. Naspers has committed to pour $500 million more into LetGo, with $150 million invested so far. LetGo was earlier backed by NEA, Insight Venture Partners, Accel and others.
Novo Holdings, Cowen Healthcare Investments, Pfizer Ventures and OrbiMed are among investors in a $60 million round for Therachon. The biotech venture is developing medicines for rare diseases largely ignored by the industry. The company is currently focused on developing a protein therapy to treat achondroplasia, a genetic disorder causing dwarfism.