Providence Equity Partners related stories
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CIBC Innovation Banking provides credit facility to ConversicaConversica Inc, a Foster City, California-based provider of conversational artificial intelligence (AI) for business, has raised US$31 million in a Series C financing. The round's investors included Providence Equity Partners, Toba Capital, Kennet Partners and Savano Capital Partners. CIBC Innovation Banking, the technology lending arm of CIBC, provided a credit facility. Founded in 2007, Conversica uses conversational AI technology to enable intelligent assistants that automate business conversations. In September, PE Hub Canada reported on /canada/2018/09/cibcs-tech-lending-arm-ramps-up-cross-border-strategy-with-new-hires-deals/ CIBC Innovation Banking's North American scaling strategy.
Secondaries special: Experiments in liquidityGrowth in deal volume and a wave of groundbreaking GP-led transactions show secondaries is no longer a niche strategy.
- Providence backs KPA
Providence Equity Partners has made an investment in KPA, a provider of environmental health and safety risk management solutions. No financial terms were disclosed. As a result of the transaction, KPA's previous backer CIVC Partners will retain a minority stake.
- Therapy Brands lands funding
Therapy Brands, a provider of mental and behavioral health software, has raised an undisclosed amount of funding. No financial terms were disclosed. The investors were Lightyear Capital and Oak HC/FT. As a result of the transaction, Therapy Brands' previous backers Providence Strategic Growth and Greater Sum Ventures will retain minority stakes in the company.