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VC-backed Kik Interactive hires Jacobs as head of Kik ServicesKik Interactive, a Canadian username-based smartphone messenger that facilitates chat networks, has named Josh Jacobs as president of Kik Services. Previously, Jacobs was global CEO of Accruen, a programmatic advertising agency. Last November, Kik Interactive raised $38.3 million in Series C funding /canada/2014/11/19/kik-interactive-picks-up-38-3-mln-series-c-also-acquires-relay/ U.S. venture capital firm Valiant Capital Partners led the round with participation from Millennium Technology Value Partners, SV Angel, Foundation Capital, RRE Ventures, Spark Capital and Union Square Ventures.
BlackBerry to buy VC-backed WatchDox to bolster data security: ReutersBlackBerry Ltd said it will buy U.S. software company WatchDox in a bid to boost its security offerings, Reuters reported. Since 2008, WatchDox has raised over US$35 million from a number of venture capital firms, including Blackstone Group, Gemini Israel Ventures, Millennium Technology Value Partners and Shasta Ventures.
Canadian messaging app Kik exploring sale: ReutersCanadian mobile instant messaging company Kik Interactive Inc is exploring a sale, Reuters reported, citing a Bloomberg story. The Waterloo-based company has hired Qatalyst Partners to set up talks with potential buyers or investors. Kik, which is backed by a number of venture capital investors, reports having raised $70.5 million in funding to date.
BetterCloud grabs $25 mlnNew York City-based BetterCloud, a provider of critical insights, automated management and intelligent data security for cloud office platforms, has raised $25 million in funding. Accel led the round with participation from all previous backers that included Flybridge Capital Partners, Greycroft Partners through its new Greycroft Growth Fund, Tribeca Venture Partners, New Amsterdam Growth Capital and Millennium Technology Value Partners.
Top ten VC deals done in Canada in 2014The Canadian Venture Capital & Private Equity Association (CVCA) and research partner Thomson Reuters will in February 2015 publish their full report on Canadian venture capital market activity in 2014. In the meantime, peHUB Canada has compiled a list of the likely top 10 (disclosed) financings completed this year.
Kik Interactive picks up $38.3 mln in Series C round, buys RelayKik Interactive Inc has secured $38.3 million in Series C funding. U.S. venture capital firm Valiant Capital Partners led the round with participation from Millennium Technology Value Partners, SV Angel, Foundation Capital, RRE Ventures, Spark Capital and Union Square Ventures. Also, the company has acquired GIF messenger Relay. The financial details of the deal were not disclosed. Headquartered in Waterloo, Kik Interactive is the maker of Kik, a username-based smartphone messenger that currently facilitates chats by more than 185 million users. Update: The company said it has raised over $70.5 million in funding to date.
- Kik Interactive picks up $38.3 mln Series C, also acquires Relay
Kik Interactive has closed $38.3 million in Series C funding. Valiant Capital Partners led the round with participation from Millennium Technology Value Partners, SV Angel, Foundation Capital, RRE Ventures, Spark Capital and Union Square Ventures. Also, Kik has bought GIF messenger Relay. No financial terms were disclosed. Headquartered in Waterloo, Ontario, Kik is a maker of chat network Kik.
Intel Capital invests in PrecisionHawkIntel Capital has joined PrecisionHawk's previously announced US$10 million Series B financing round. Also, Tammi Smorynski of Intel Capital has been named an advisor to the PrecisionHawk board of directors. Based in Indianapolis, Raleigh, North Carolina and Toronto, PrecisionHawk is an unmanned aerial systems and remote sensing platform. It was founded in 2010. Update: The company said the partnership with Intel Capital will enhance its product development and engineering to meet the technology needs of clients.
- Intel Capital backs PrecisionHawk
Intel Capital has joined PrecisionHawk's previously announced $10 million Series B round. Also, Tammi Smorynski of Intel Capital has been named an advisor to the PrecisionHawk board. Based in Indianapolis, Raleigh, NC and Toronto, PrecisionHawk is an unmanned aerial systems and remote sensing firm.
Why you should put money into drones (according to VCs who already have)Lux Capital, among others, sees a range of investment opportunities tied to drone industry