New Enterprise Associates related stories
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Friday Letter: Marketplaces are red hot, fundraising isn't cooling offThere is no need to worry that the tap is going to be turned off anytime soon.
Everactive lands $30 mlnPsiKick, a producer of "data intelligence for the physical world," has raised $30 million in funding. Future Fund led the round with participation from Blue Bear Capital, ABB Technology Ventures, New Enterprise Associates and Osage University Partners. In addition to the funding, PsiKick has rebranded to Everactive.
- Cybersecurity firm Expel snags $40 mln Series C
Herndon, Virginia-based Expel, a cybersecurity firm, has secured $40 million in Series C funding. Index Ventures led the round with participation from Battery Ventures, Greycroft, NEA, Paladin Capital Group and Scale Venture Partners. In addition to the funding, Shardul Shah, a partner at Index Ventures, will join Expel’s board of directors.
Performance watch: New Enterprise AssociatesThe veteran VC firm invests in technology and healthcare companies, and has maintained consistent performance through leadership transitions.
PSP, Sun Life invest in Collective Health's $205 mln roundSan Francisco-based health technology provider Collective Health has raised US$205 million in its latest financing. The round was led by SoftBank Vision Fund, with participation from several investors, including Canadian pension fund Public Sector Pension Investment Board (PSP Investments) and Canadian insurer Sun Life Financial. Founded in 2013, Collective Health provides a software platform that helps U.S. employers manage their health insurance programs. The company will use the funds raised to accelerate adoption of its platform and increase technology capabilities.
New signs of life in Canadian venture-backed exitsIn his 2019 Canadian venture and startup predictions /canada/2019/01/canadian-venture-capital-and-startup-predictions-for-2019/ OMERS Ventures Managing Partner Jim Orlando laments the lack of big exits of VC-backed tech companies in 2018. The market in Canada appears to be doing a better job on this front this year. Exit activity since January has included some major acquisitions as well as the return of VC-backed IPOs after a nearly two-year hiatus. Perhaps the highest profile of these events was the $276 million TSX IPO of Lightspeed, a Montréal retail and restaurant POS and e-commerce solution, closed in March.
PEI 300 2019: Six firms making wavesThe firms from across the PEI 300 that hit the headlines - for good or bad - this year.
