Luisa Beltran

Elevar Equity fund III raises $74 mln

Elevar Equity said Wednesday that its third venture capital fund closed at $74 million. Elevar Equity III L. P. will focus on commercial investments in early stage companies providing financial services, education, housing and healthcare to low-income communities primarily in India and Latin America. Investors of Fund III include the Rockefeller Brothers Fund, Oblate International Pastoral Investment Trust, JPMorgan Chase & Co., Omidyar Network, Prudential Financial Inc., the Rockefeller Foundation, Blue Haven Initiative, Treehouse Investments as well as family offices, private foundations and a university endowment.

Inoca Capital recaps Levementum

Inoca Capital has recapitalized Levementum LLC. Financial terms weren’t announced. Chandler, Arizona-based Levementum provides management consulting, system integration and resale of cloud-based CRM and Digital solutions. Financial advice was provided by 108 Partners LLC.

ContentOro raises $450,000

ContentOro said Tuesday that it raised $450,000 in a seed round of funding. Investors include Michigan Angel Fund, Lis Ventures and InvestMichigan. Ann Arbor, Michigan-based ContentOro provides digital content for brands online.

The Better Software Company raises another $1.35 mln

The Better Software Company said Tuesday that it raised an additional $1.35 million in funding led by ff Venture Capital. Mistral Venture Partners and additional local angel investors also participated. The Better Software Company, of Ottawa, said that its seed round was now closed and that it had raised a total of $2.1 million.

Canna Group raises round of financing

Canna Group Inc. said Tuesday that it closed a round of equity financing. It did not disclose how much it raised or the investors. Pleasanton, California-based Canna Group is focused on the cannabis industry and is co-manager of the VC fund Sugar Leaf Capital I LLC.

Kosofsky joins Hercules Technology Growth Capital

Hercules Technology Growth Capital Inc. has named Kristen Kosofsky a Senior Managing Director of its Life Sciences Group. Kosofsky most recently served as Managing Director at Horizon Technology Finance.

OpenGate in talks to buy Bois & Matériaux from Wolseley

OpenGate Capital said Wednesday that it has entered into a exclusivity period to buy Bois & Matériaux from Wolseley plc. Financial terms weren’t announced. Rennes, France-based B&M distributes building materials in France.

Heller named President of Active Ride Shop

Active Ride Shop, a portfolio company of Tengram Capital Partners, said Tuesday that Jenner Heller was promoted to President. Rick Mina, Active's interim president, is transitioning to the role of a strategic advisor.

Salt Creek Capital invests in WorkWell Medical

Salt Creek Capital has invested in WorkWell Medical Group LLC. Financial terms weren’t announced. Salinas, California-based WorkWell is an occupational medicine and urgent care provider. Edgemont Capital Partners LP provided financial advice to WorkWell.

Bunker Hill invests in ImportLA

Bunker Hill Capital has invested in ImportLA Inc. via a recapitalization. Financial terms weren’t announced. ImportLA designs, makes and distributes tattoo furniture and supplies in the U.S., Canada, and Europe under the TATSoul brand name.