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Top Q2 Canadian VC deals land more than $446 mlnCanada’s top 10 second-quarter venture-capital financings attracted more than $446 million from investors, up 60 percent from the $279 million that went into the top 10 deals a year ago. That estimate is based on PE Hub Canada's list of the largest rounds announced between April and June. It is headed by DalCor Pharma and Real Matters, which accounted for the two largest Canadian tech financings since 2013.
Newark Venture Partners has a $23 mln first close on $50 mln fundNewark Venture Partners has closed on $23 million toward a $50 million fund, according to a press release. The newly created Newark, N.J.-based firm, founded by Audible founder Don Katz, attracted limited partners including Audible, an Amazon company, Dun & Bradstreet and Prudential Financial, the release said.
- Newark Venture Partners has a $23 mln first close on $50 mln fund
Newark Venture Partners has closed on $23 million toward a $50 million fund, according to a press release. The newly created Newark, N.J.-based firm, founded by Audible founder Don Katz, attracted limited partners including Audible, an Amazon company, Dun & Bradstreet and Prudential Financial, the release said.
DuPont joins PrecisionHawk's Series C financingPrecisionHawk, a provider of aerial data and safety technology for drones, announced that DuPont has joined its previously-announced /canada/2016/4/3326544/ $22.7 million (US$18 million) Series C round. The deal's other investors included Innovate Indiana Fund, Intel Capital, Millennium Technology Value Partners, NTT Docomo Ventures, Verizon Ventures, a USAA affiliate and Yamaha Motor. PrecisionHawk, which is based in Raleigh, North Carolina and Toronto, has now raised US$30 million in total funding, the company reported.
DuPont joins PrecisionHawk's Series C roundRaleigh, North Carolina-based PrecisionHawk, a provider of aerial data and safety technology for drones, announced that DuPont has joined its $18 million Series C round. The round was announced last week and PrecisionHawk told PE Hub at the time that an additional investor would be announced soon. Other disclosed investors in the round include Verizon Ventures, a USAA subsidiary, NTT Docomo Ventures and Yamaha Motor. Existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund. PrecisionHawk, which also has an office in Toronto, has now raised $30 million in total funding.
Aerial data platform PrecisionHawk raises additional $22.7 mlnPrecisionHawk Inc, a provider of aerial data and safety technology for drones, has secured about $22.7 million (US$18 million) in follow-on financing. The company, which is based in Raleigh, North Carolina and Toronto, was backed in the round by new investors Verizon Ventures, a subsidiary of USAA, NTT Docomo Ventures and Yamaha Motor, as well as existing investors Intel Capital, Millennium Technology Value Partners and Innovate Indiana Fund. Founded in 2011, PrecisionHawk said it will use the new investment's proceeds to continue product innovation and global expansion.
- Drone company PrecisionHawk raises $18 mln
Raleigh, N.C.-based PrecisionHawk, which provides aerial data and safety platforms for drones, has raised $18 million in a Series C round of fund from new investors Verizon Ventures, a USAA subsidiary, NTT Docomo Ventures and Yamaha Motor. Existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund also participated in the round. PrecisionHawk told PE Hub that another "Fortune 500" investor in the Series C round will be announced soon. The company, which was founded in 2010 and is seeing a growth of commercial uses of drones nationwide, has now raised $30 million in total funding.
- Janrain nabs $27 mln in HighBar-led round
Portland, Oregon-based Janrain, a provider of customer identity management solutions, has raised $27 million in Series D funding. HighBar Partners led the round with participation from return backers Millennium Technology Value Partners, Split Rock Partners, Epic Ventures, Emergence Capital, RPM Ventures and DFJ Frontier. In addition to the funding, John Kim, co-founder and managing partner at HighBar Partners, has been added to Janrain's board of directors.
- Chef raises $40 mln
Chef said Wednesday it closed a $40 million Series E funding round led by DFJ Growth and included Millennium Technology Value Partners. Existing investors Battery Ventures, Citi Ventures, DFJ, Ignition Partners, and ScaleVP took part while Hewlett Packard Ventures also joined the round with a strategic investment. Seattle-based Chef provides automation for IT infrastructure.
The new secondary gold rushVolume in the secondary market is up as crossover investors hunt unicorns. Venture may find the new liquidity addictive.