Volition Capital related stories
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SMB recruiting platform JazzHR fetches $6.6 mlnPittsburgh and Waltham, Massachusetts-based JazzHR, a recruiting solutions provider for small and medium-sized businesses, has raised $6.6 million in funding. Volition Capital led the round with participation from other investors that included Birchmere Ventures and Rincon Venture Partners.
- Connatix hauls in $15 mln
Connatix, a native video syndication and monetization platform for publishers, has secured $15 million in funding. Volition Capital led the round. In conjunction with the funding, Larry Cheng, a managing partner at Volition Capital, will join Connatix's board of directors.
Canadian VC approaches 2016 peak as top Q3 deals draw $572 mlnCanada’s top 10 venture-capital financings in the third quarter won $572 million from investors, up 45 percent from the $395 million that went into the top 10 deals a year earlier. The number is based on PE Hub Canada’s list of the largest deals announced in Q3 2017, supplemented by preliminary data from Thomson Reuters. The list is headed by LeddarTech, which accounted for 2017’s fourth $100 million-plus round, Milestone, Absorb Software and Freshbooks. Third-quarter data, when combined with the results of Q1 2017 and Q2 2017, suggest Canadian VC investment activity this year is poised to match or exceed the robust levels of 2016.
- Securonix nets $29 mln Series A
Securonix, a provider of big data security analytics, has raised $29 million in Series A funding. Volition Capital led the round with participation from Eight Road Ventures. In addition to the funding, Roger Hurwitz of Volition Capital will join the Securonix board of directors.
- Greenspring Associates leads funding round for Assent Compliance
Canada-based Assent Compliance, a SaaS and data firm, has raised C$40 million in funding. Greenspring Associates led the round with participation from other investors that included Volition Capital, OpenText Enterprise Application Fund, Business Development Bank of Canada, National Research Council of Canada Industrial Research Assistance Program and Royal Bank of Canada.
Assent Compliance raises $40 mln in Greenspring-led Series BOttawa compliance software and data management solutions provider Assent Compliance Inc has secured $40 million in a Series B financing, according to a report by TechCrunch. The round was led by U.S. venture capital firm Greenspring Associates. It was joined by Volition Capital, OpenText Enterprise Application Fund, BDC Capital, National Research Council of Canada, Royal Bank of Canada and other investors that backed the company's $20 million Series A round last year. Founded in 2005, Assent provides data-focused modular solutions to enhance corporate social responsibility, product compliance and vendor management programs, along with compliance training and education. It plans to use the funds raised for expanding sales and marketing efforts, TechCrunch said. Assent is led by CEO Andrew Waitman, formerly a managing partner at Canadian venture capital firm Celtic House Venture Partners.
- Volition Capital leads $11.7 mln round for RTS
New York City-based Recycle Track Systems, a waste and recycling management tech company, has raised $11.7 million in funding. Volition Capital led the round.
- PetSmart to buy Chewy Inc
PetSmart Inc said April 18 that it has agreed to buy Chewy Inc, an online pet retailer. Financial terms weren’t announced but Recode valued the deal at $3.35 billion. PetSmart was purchased in March 2015 http://www.businesswire.com/news/home/20150311005237/en/Consortium-Led-BC-Partners-Completes-Acquisition-PetSmart by a consortium led by BC Partners and including La Caisse de dépôt et placement du Québec, StepStone and Longview Asset Management. Chewy, of Dania Beach, Florida, is backed by Volition Capital. Citi and Barclays provided financial advice to PetSmart, while Simpson Thacher & Bartlett LLP acted as its legal advisor. Citigroup Global Markets Inc and Barclays provided committed financing for the acquisition. Equity financing is being provided by PetSmart’s existing shareholders. Financial advisor to Chewy on this transaction was Allen & Company, with Weil, Gotshal & Manges LLP acting as its legal advisor.
- TraceLink picks up $51.5 mln Series C
North Reading, Massachusetts-based TraceLink, a network that connects the life sciences supply chain, has secured $51.5 million in Series C funding. Goldman Sachs Growth Equity led the round with participation from return backers FirstMark Capital, Volition Capital and F-Prime Capital. In conjunction with the funding, Jason Kreuziger of Goldman Sachs and Amish Jani of FirstMark Capital, have been added to TraceLink's board of directors.