FundersClub related stories
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Commercial real estate platform Obie amasses $2.8 mnObie, a commercial real estate platform, has raised $2.8 million in funding.
- Arpeggio Bio rakes in $3.2 mln seed
Boulder, Colorado-based Arpeggio Bio, a preclinical company, has raised $3.2 million in seed financing.
PE HUB Wire Highlights, 8.29.19TPG receives bids for Wind River; GE Capital to sell PK AirFinance to Apollo, Athene Holding; HGGC announces promotions
- Hudson's Bay to sell Lord + Taylor to VC-backed Le Tote for about $100 mln: Reuters
Hudson's Bay is selling department store Lord + Taylor to Le Tote Inc, a San Francisco-based retail service company, for about $100 million, reported Reuters https://www.reuters.com/article/us-hudson-s-bay-divestiture/hudsons-bay-to-sell-lord-taylor-for-100-million-idUSKCN1VI1LV Hudson's Bay, a Canadian retailer that also owns luxury department store Saks Fifth Avenue, will get $74.95 million in cash upon the deal's closing and about $25 million in two years. Le Tote's backers include Sway Ventures, Azure Capital Partners, FundersClub and Lerer Hippeau, according to Crunchbase. https://www.crunchbase.com/organization/le-tote#section-investors
- Zentail lands $5 mln Series A
Zentail, an e-commerce automation software operations platform, has secured $5 million in Series A financing. Initialized Capital led the round with participation from FundersClub.
- RankScience picks up $1.8 mln seed
RankScience has raised $1.8 million in seed funding. Initialized Capital led the round with participation from other investors that include BoxGroup, Liquid2 Ventures, FundersClub, Y Combinator and 500 Startups. San Francisco-based RankScience is a a continuous-optimization platform that improves website SEO through automatic A/B testing and data science.
VC-backed Bonfire to be acquired by U.S. SPAC for $140 mlnBonfire Interactive Ltd, a Waterloo-based public sector sourcing technology provider, has agreed to be acquired by GTY Technology Holdings Inc (Nasdaq: GTYH) for about $140 million (US$108 million). The deal, expected to close in Q1 2019, will see Bonfire merge with five other platforms, creating a listed North American software company focused on the government sector. Bonfire was founded in 2012 CEO Corry Flatt and CTO Alex Millar. Last year, the company closed an $11 million Series A financing led by Battery Ventures and joined by Crosslink Capital and Spider Capital. GTY, a U.S. special purpose acquisition company (SPAC), raised US$552 million in its initial public offering in 2016.
- RecargaPay hauls in $22 mln Series B
RecargaPay, a mobile payments platform and wallet for Brazil, has raised $22 million in Series B funding. The investors included IFC, a member of the World Bank Group, TheVentureCity and Ventech.
Captain401 rebrands as Human Interest, raises $11 mlnSan Francisco-based Human Interest, which provides retirement savings plans for small business employers and employees, announced it has raised an $11 million Series A round of funding led by Wing Venture Capital. Adam Nash, former CEO of Wealthfront, also participated in the round. The company was formerly known as Captain401, but rebranded as it aims to expand its reach nationwide.