SOSV related stories
All articles and analysis
Food tech company Halla reels in $1.4 mln seedHalla, food tech company, has secured $1.4 million in seed funding. E&A Venture Capital led the round with participation from SOSV.
- Food tech company Halla reels in $1.4 mln seed
Halla, food tech company, has secured $1.4 million in seed funding. E&A Venture Capital led the round with participation from SOSV.
Canadian VC begins 2019 with heft as top Q1 deals raise $667 mlnAfter nine straight years of growth, Canada’s venture capital market showed no signs of slowing down in early 2019. The top 10 first-quarter VC financings drew $667 million from VC funds. While that’s down 28 percent from the $923 million raised by the top 10 deals a year earlier, it exceeds first-quarter results in other recent years. The estimate is based on PE Hub Canada’s list of the largest rounds announced from January through March, supplemented by preliminary data from Refinitiv. It suggests that despite increasing market uncertainty, trends in early 2019 reflect many of the same factors that drove soaring Canadian VC investment activity last year.
Robotics maker Avidbots closes $23.6 million Series B roundKitchener, Ontario-based robotics company Avidbots has secured $23.6 million in a Series B financing. True Ventures, a U.S. venture capital firm, led the round, which brings Avidbots' total funding to $36 million. Joining the deal were existing investors, including GGV Capital, SOSV, Real Ventures and 500 Startups Canada, as well as new investors, including Next47, BDC Capital and KCPL. Founded in 2014 by CEO Faizan Sheikh and CTO Pablo Molina, Avidbots designs and makes autonomous connected robots. Its first product, Neo, is a robotic floor scrubber deployed in commercial locations worldwide. The funds raised will be used for global growth and to invest in talent acquisition, engineering, marketing and sales.
- Language app ELSA fetches $7 mln Series A
Language app ELSA has secured $7 million in Series A funding. The lead investor was Gradient Ventures, Google’s AI-focused venture fund. Also, previous backers Monk’s Hill Ventures and SOSV participated in the round.
- Synthace raises $25.6 mln Series B
London-based Synthace Ltd, a developer of a cloud software platform for automating and improving the success rate of biological research and development, has secured $25.6 million in Series B funding. Horizons Ventures led the round with participation from other investors that included Luminous Ventures and SOSV.
Chinova Bioworks seeded in DSM and Rhapsody-led roundChinova Bioworks, a Fredericton developer of a mushroom-based natural preservative, has closed a seed-stage financing. No financial terms were released; however, Entrevestor reports http://entrevestor.com/ac/blog/agfunder-leads-chinovas-2m-round Chinova raised about $2.6 million. The round was led by DSM Venturing and Rhapsody Venture Partners and joined by AgFunder, Natural Products Canada and others. Founded in 2016 by CEO Natasha Dhayagude and COO David Brown, Chinova is developing an antimicrobial mushroom chitosan fibre to enhance the shelf-life of foods, beverages and cosmetics. It will use the funds raised to build its team, scale up production and manufacturing, and accelerate commercialization.
- DNAlite Therapeutics fetches $1.5 mln
DNAlite Therapeutics Inc, an gastrointestinal gene therapy biotech startup, has raised $1.5 million in seed financing. Berkeley Catalyst Fund led the round with participation from University of California Berkeley, Blue Bear Ventures, SOSV, the Baldota family, BrightGene and SVE Capital.
