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Version One exceeds target, raises $35 million for second fundVersion One Ventures has closed its second fund with $35 million in commitments, exceeding the $30 million target, said Boris Wertz, founding partner.
Top VC deals done in Canada in third quarterCanada’s Venture Capital and Private Equity Association and research partner Thomson Reuters will in November publish their full report on Canadian venture capital activity in the third quarter of 2014. In the meantime, peHUB Canada has compiled an early list of some of the top disclosed financings completed between July and September.
Shippo bags $2 mln in round led by SoftTech VCSan Francisco-based Shippo, which simplifies shipping for ecommerce vendors and partners, has received $2 million in seed funding. SoftTech VC led the round with participation from other investors that included Version One Ventures, 500 Startups, Slow Ventures and Funders Club.
LightSpeed, Frank & Oak deals put VC raised by C100 companies at $1.1 blnVenture capital raised by C100 companies has passed the $1 billion dollar mark. Due to recent financings of Montréal startups Frank & Oak and LightSpeed Retail, money going into Canadian companies that have participated in C100 mentoring programs or that have received investments from C100 charter members reached nearly $1.1 billion in September. That is a ten-fold increase since the Silicon Valley-based nonprofit organization got underway in 2010.
- LightSpeed, Frank & Oak deals put VC raised by C100 companies at $1.1 bln
Venture capital raised by C100 companies has passed the $1 billion dollar mark. Due to recent financings of Montréal startups Frank & Oak and LightSpeed Retail, money going into Canadian companies that have participated in C100 mentoring programs or that have received investments from C100 charter members reached nearly $1.1 billion in September. That is a ten-fold increase since the Silicon Valley-based nonprofit organization got underway in 2010.
Version One Ventures joins $10 mln Series A financing of KinnekKinnek, a New York-based online marketplace for small businesses to find suppliers and manage purchasing, has secured US$10 million in a Series A funding round. The round was led by U.S. venture capital firm Matrix Partners with participation from previous backers, including Canadian firm Version One Ventures, as well as CrunchFund, Sierra Ventures, TriplePoint Ventures and several angel investors. Proceeds of the deal will be used to grow Kinnek's marketing and engineering capabilities and fuel its expansion into new industries. The company was founded in 2012.
- Matrix Partners leads Series A round for Kinnek
Kinnek said Monday that it has received $10 million in Series A funding. Matrix Partners led the round with participation from return backers that included Sierra Ventures, Version One Ventures, Naval Ravikant, CrunchFund and TriplePoint Ventures. Based in New York City, Kinnek helps small businesses find suppliers and manage purchasing.
Flush with cash, Vancouver startup Clio hires more top talentThemis Solutions, better known as Clio, appears to be making ample use of the substantial venture capital funding it raised /canada/2014/03/25/clio-raises-20-mln-series-c-round-led-by-bessemer-venture-partners/ a few months ago. The Vancouver-based startup, a specialist in cloud-based management tools for the legal industry, has made several starry hires of late, including former Google Canada marketing exec Neil Shankman.
Frank & Oak raises $15 mln in Series B fundingFrank & Oak, a Montreal-based retailer of menswear online, announced this week that it has raised US$15 million in a round of financing from Greenoaks Capital, Investissement Quebec, Rho Canada Ventures, Real Ventures, Version One Ventures, Lightbank, and Bertelsmann Digital Media Investments, among other individuals including John Currie, CFO of LuluLemon. Frank & Oak previously raised a $5 million round of financing in 2012.
- Frank & Oak raises $15 mln in Series B funding
Frank & Oak, a Montreal-based retailer of menswear online, announced this week that it has raised US$15 million in a round of financing from Greenoaks Capital, Investissement Quebec, Rho Canada Ventures, Real Ventures, Version One Ventures, Lightbank, and Bertelsmann Digital Media Investments, among other individuals including John Currie, CFO of LuluLemon. Frank & Oak previously raised a $5 million round of financing in 2012.