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Swept raises $2.5 mln in financing co-led by iNovia, AforeSwept, a Halifax-based provider of software solutions for the janitorial industry, has raised about $2.5 million (US$2 million) in funding, according to a report http://entrevestor.com/ac/blog/inovia-afore-in-swepts-us2m-round by Entrevestor. Canadian venture capital firm iNovia Capital and U.S. firm Afore Capital co-led the round, the report said. Founded in 2014 by CEO Michael Brown and COO Matt Cooper, Swept, formerly known as Clean Simple, designs software that helps commercial cleaning businesses attract and retain staff and customers. The startup plans to use the round's proceeds to accelerate sales growth and improve its product.
ScoreData grabs fundingPalo Alto, California-based ScoreData Corporation, a provider of customer engagement solutions, has secured an undisclosed amount of funding. The investors in the round were 500 Startups, Global Reach Investments Ltd, Elevate Innovation Partners and 3one4Capital.
- Ex-500 Startups partners seek $50 mln for Hustle Fund
Elizabeth Yin and Eric Bahn, former partners with 500 Startups, are seeking to raise $50 million for Hustle Fund I, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/1718195/000171819517000001/xslFormDX01/primary_doc.xml The fund has not yet raised any commitments. Information about the Hustle Fund, which lists an address in San Carlos, California, is not available. But in a blog post http://blog.elizabethyin.com/ earlier this, Yin described how today's crop of new VCs work hard to find deals and "They have to hustle for every deal. They have to hustle to fundraise for their current or next fund."
- Clearcover locks in $11.5 mln
Chicago-based Clearcover, a car insurance provider, has raised $11.5 million in funding. Lightbank led the round with participation from other investors that included Greycroft Partners, 500 Startups and Silicon Valley Bank.
- Panoply attracts $5 mln from C5 Capital
San Francisco and Tel Aviv-based Panoply, a smart data warehouse provider, has secured $5 million in funding, raising its total Series A tally to $13 million. The investor was C5 Capital. In addition to the funding, Panoply has named Michael Canon as vice president of worldwide sales and Paul Friesen as vice president of marketing. And, Moisey Uretsky, co-founder and chief product officer at Digital Ocean, has joined Panoply's advisory board.
- Finaeo grabs $2.25 mln from Impression Ventures-led round
Canada-based Finaeo, an insurtech platform for financial advisers, has raised $2.25 million in funding. Impression Ventures led the round with participation from other investors that included 500 Startups, Robo Ventures and iGan Partners.
Impression Ventures leads $2.25 mln seed financing of FinaeoToronto insurtech platform Finaeo Inc has raised $2.25 million in a seed-stage financing. The round was led by Impression Ventures, whose founder and managing partner, Christian Lassonde, will join the board. 500 Startups, Robo Ventures and iGan Partners also invested. Founded in 2016 by CEO Aly Dhalla, COO Donald Chu and CTO Aaron Alsop, Finaeo has developed a software-as-a-service platform that automates the back-office administration of insurance advisors. It will use the funds raised to hire engineering talent to further enhance the technology. Earlier this year, Impression closed its second fund /canada/2017/6/impression-ventures-closes-second-fintech-fund-at-30-mln-plus?preview=true at more than $30 million.