White Star Capital related stories
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Cognitive data platform Red Sift procures $8.8 mlnLondon-based Red Sift, a cognitive data platform, has raised $8.8 million in funding. MMC Ventures led the round with participation from In-Q-Tel, Inc, White Star Capital and Oxford Capital.
- Rewards app Drop raises $59 mln in HOF-led Series B, RBC invests
Toronto-based mobile rewards platform Drop has raised $59 million (US$44 million) in a Series B financing, bringing total funding to $95 million (US$71 million). The round was led by U.S. venture capital firm HOF Capital and joined by New Enterprise Associates, Sierra Ventures and White Star Capital. RBC, Canada’s largest bank, also signed on as a strategic investor. Founded in 2015 and led by CEO Derrick Fung, Drop provides a free app that allows users to earn cash rewards on their purchases with more than 300 merchants. In addition, it connects brands with shoppers, including much sought-after Millennials.
- Top Canadian VC deals draw $522 mln in Q2 as focus shifts to early-stage
Canada’s venture capital market sustained robust levels of activity in Q2, despite somewhat fewer dollars going into the largest financings. The top 10 second-quarter rounds secured $522 million from VC funds. That’s down 4 percent from the $542 million raised by the top 10 deals a year earlier, and down 16 percent from the $625 million that went to the top deals in Q2 2017. The estimate is based on PE Hub Canada’s list of the largest financings announced from April through June, supplemented by preliminary data from Refinitiv. It indicates some moderation in the influence of big late-stage rounds, which dominated Canadian VC trends last year.
Aspen Technology to buy venture-backed Mnubo for $102 mlnAspen Technology Inc (Nasdaq: AZPN) has agreed to acquire Mnubo, a Montréal-based provider of artificial intelligence (AI) and internet-of-things data analytics, for $102 million. Founded in 2012 by CEO Frédéric Bastien, CTO JC Cimino, VP Growth Aditya Pendyala and VP Data Science Jean-Charles Beaudin, Mnubo is the maker of SmartObjects, a solution that helps manufacturers build better connected products and services. Aspen, a U.S. asset optimization software company, said the acquisition will enable solutions that combine process expertise with AI and machine learning. Last year, Mnubo raised a $16.5 million Series B financing https://www.pehub.com/canada/2018/01/mnubo-secures-16-5-mln-series-b-round-led-munich-re/ led by Munich Re. McRock Capital and White Star Capital, which backed 2015's $6 million Series A round, also invested.
- Blockchain API platform dfuse lands $4.6 mln in seed round
Dfuse, a Montréal-based blockchain application programming interface platform, has closed a seed-stage financing, raising about $3.5 million. U.S. cryptofund Multicoin Capital and Intel Capital, the venture capital arm of U.S. chip maker Intel Corp, led the round. Diagram Ventures, which co-founded dfuse, BoxOne Ventures, Panache Ventures and White Star Capital also invested. Launched in 2018 by Marc-Antoine Ross, Richard Reiner, Alexandre Bourget and Mathieu Boulianne, dfuse has created a range of products to help developers build effective blockchain applications.
- Blockchain API platform dfuse lands $4.6 mln in seed round
Dfuse, a Montréal-based blockchain application programming interface platform, has closed a seed-stage financing, raising about $3.5 million. U.S. cryptofund Multicoin Capital and Intel Capital, the venture capital arm of U.S. chip maker Intel Corp, led the round. Diagram Ventures, which co-founded dfuse, BoxOne Ventures, Panache Ventures and White Star Capital also invested. Launched in 2018 by Marc-Antoine Ross, Richard Reiner, Alexandre Bourget and Mathieu Boulianne, dfuse has created a range of products to help developers build effective blockchain applications.
Blockchain API platform dfuse lands $4.6 mln in seed roundDfuse, a Montréal-based blockchain application programming interface (API) platform, has closed a seed-stage financing, raising about $4.6 million (US$3.5 million). U.S. cryptofund Multicoin Capital and Intel Capital, the venture capital arm of U.S. chip maker Intel Corp, led the round. Diagram Ventures, which co-founded dfuse, BoxOne Ventures, Panache Ventures and White Star Capital also invested. Launched in 2018 by Marc-Antoine Ross, Richard Reiner, Alexandre Bourget and Mathieu Boulianne, dfuse has created a range of products to help developers build effective blockchain applications. The funds raised will be used to expand the platform and grow engineering and customer teams.
Fintech platform Borrowell lands $20 mln in Series B financingToronto-based financial technology company Borrowell has raised $20 million in a Series B financing. The round, which consists of equity and venture debt, was led by Canadian venture capital firms White Star Capital and Portag3 Ventures, according to a report https://www.theglobeandmail.com/business/article-online-loan-provider-borrowell-raises-20-million-in-second-round-of/?utm_medium=Referrer:+Social+Network+/+Media&utm_campaign=Shared+Web+Article+Links by the Globe and Mail. Other investors included Clocktower Ventures, Argo Ventures, Silicon Valley Bank and Gaingels, a U.S. LGBT investment group. Founded in 2014 by CEO Andrew Graham and COO Eva Wong, Borrowell provides customers in Canada with a online platform for personal loans, financial recommendations and free credit monitoring services. The round's proceeds will be used for developing new products.