Mohr Davidow Ventures related stories
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- Canadian VC sees biggest Q1 since dot-com era as top deals nab $927 mln
Canada’s venture capital market has started the year with a bang. The top 10 first-quarter VC financings drew a substantial $927 million from investors. That’s up 40 percent from the $661 million raised by the top 10 deals a year earlier and close to twice the $491 million raised by the top 10 deals in Q1 2016. The estimate is based on PE Hub Canada’s list of the largest rounds announced from January through March, supplemented by Thomson Reuters data.
VC-backed Nlight files for IPONlight Inc, a provider of high-power semiconductor and fiber laser, has filed for an IPO. The number of shares that will be sold as well as the IPO's pricing terms have yet to be set. The stock will trade on the NASDAQ under the ticker symbol "LASR." Stifel and Raymond James will serve as lead underwriters. Nlight's backers include Menlo Ventures,Oak Investment Partners, Samsung Ventures and Mohr Davidow Ventures.
BuildDirect exits creditor protection with $55 mln roundVancouver-based home-improvement technology provider BuildDirect has raised about $55 million (US$43 million), about $36 million of which is new with the rest converted from interim financing obtained during the company's recent creditor protection /canada/2017/11/venture-backed-builddirect-files-for-creditor-protection/ Mohr Davidow Ventures led the round. It was joined by new and existing investors, including Fidelity Investments Canada, Pelecanus Investments, Lyra Growth Partners and Beedie Capital. The fundraising, which wraps up BuildDirect's restructuring, and the company's exit from creditor protection this month, leave a "newly energized and well capitalized business poised for success," CEO Dan Park said.
- Sapphire Ventures hires Patterson as talent network VP
Sapphire Ventures has named Elizabeth Patterson as vice president of talent network. Previously, Patterson worked at Wildcat Venture Partners and Mohr Davidow Ventures.