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Toronto-based Figure 1 expands Series A roundToronto-based Figure 1, which operates a crowdsourced medical image library for the healthcare industry, announced it has raised an additional US$5 million in Series A funding, led by Union Square Ventures. The expanded round included existing backers Version One Ventures and Rho Canada Ventures, as well as Allen & Company. The funding brings Figure 1's Series A total to US$9 million. The company previously raised about $2 million (US$1.6 million) in seed funding in late 2013.
HomeAway buys VC-backed online vacation company DwellableHomeAway Inc has acquired Dwellable, an online vacation rental search engine and app. No financial terms were disclosed. Dwellable was backed by Version One Ventures and Maveron.
- The dawn of the drone age
Drones or unmanned aerial vehicles (UAVs) are here to stay, writes Wladimir Hinz. The last two years have marked what could be the beginning of the drone era on a global basis. Hinz sees evidence of this trend everywhere, including in Canada's venture capital market, where UAV startups have recently been featured in funding and M&A deals.
- Northleaf Capital hits $300 mln hard cap on Venture Catalyst Fund
Northleaf Capital Partners has hit the $300 million hard cap on Northleaf Venture Catalyst Fund. The fund, the first under Canada's Venture Capita Action Plan, has already deployed about 50 percent of its capital to six venture managers and several direct investments. The final closing includes commitments from Sun Life Financial and high net worth and family office investors.
- Northleaf Venture Catalyst Fund closes at $300 mln hard cap
Northleaf Venture Catalyst Fund, a venture capital fund-of-funds managed by Northleaf Capital Partners, has closed at its hard cap target of $300 million. The fund, which was launched in early 2014 /canada/2014/01/21/first-vcap-fund-of-funds-northleaf-venture-catalyst-fund-nets-218-mln-in-initial-close/ with the backing of Ottawa's Venture Capital Action Plan (VCAP), raised new commitments from Sun Life Financial and several high net-worth and family office investors. Additional money came from existing limited partners, most of them corporate and institutional investors. The fund has already committed 50 percent of its capital to Georgian Partners, Golden Venture Partners, Relay Ventures, Versant Ventures, Version One Ventures and XPV Capital, as well as to direct investments in eSentire, FreshBooks, Silanis, Vision Critical and Wattpad.
Venture-backed Unbounce buys Rooster Engagement ToolsUnbounce Marketing Solutions, a landing page platform developer, announced today that it has acquired Rooster Engagement Tools, a developer of tools to convert abandoning visitors online. Both companies are based in Vancouver. Unbounce has been venture-backed since 2011 by Version One Ventures, Real Ventures and Atlas Ventures, among others. Financial terms were not disclosed.
Online advice network Volley nets $500k in funding from Version OneToronto-based Volley has emerged from stealth and announced it has raised $500,000 in seed-stage funding from Canadian venture capital firm Version One Ventures. The company, founded last year, provides a social media network for developers, designers and entrepreneurs to ask questions and receive feedback to help with issues, including technical problems and career advice. Update: Volley said the proceeds of the seed round will help grow and expand its community to other platforms. The company's co-founders are CEO Mike Murchison, C3PO David Hariri and CTO Brendan Lynch.
- Volley nets seed funding from Version One
Toronto-based Volley has emerged from stealth and announced it has raised $500,000 in seed-stage funding from Version One Ventures.
The millennials are taking over--VCJ news analysisThis is not your father’s tech company. More millennials are entering the workfoce and launching startups innovating with the younger generation in mind.
The millennials are taking overThis is not your father’s tech company. More millennials are entering the workforce and launching startups innovating with the younger generation in mind.