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Casetext nabs $12 mln Series BCasetext, a provider of artificial intelligence-based legal research technology for lawyers, has raised $12 million in Series B funding. Canvas Ventures led the round with participation from backers that included Union Square Ventures, 8VC and Red Sea Ventures.
- Everwise fetches $16 mln Series B
New York City and San Francisco-based Everwise, which provides talent development tools and connects professionals with mentors, has secured $16 million in Series B financing. Sequoia Capital led the round with participation from previous backers Canvas Ventures and Webb Investment Network. In addition to its funding, Everwise has added Joe Dobrenski of Sequoia Capital to its board of directors.
- Canvas raises $300 mln for second fund
Canvas Ventures, whose partners backed Houzz, Lending Club and Mulesoft, has wrapped up its second fund, reaching its hard cap of $300 million. The fund, which closed during the summer, is more than 70 percent larger than the firm's previous early-stage fund in 2013, when the Portola Valley, California, firm raised $175 million in commitments.
- NEA leads Series B round for on-demand trucking service Transfix
New York City-based Transfix, an on-demand trucking provider, has raised $22 million in Series B funding. New Enterprise Associates led the round with participation from other investors that included Canvas Ventures, Lerer Hippeau Ventures and Corigin Ventures. In conjunction with the funding, Scott Sandell of NEA has been added to Transfix's board of directors.