White Star Capital related stories
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Dialogue nabs $40 mln in round led by Caisse de dépôt, HoltzbrinckDialogue, a Montréal-based virtual healthcare platform, has secured $40 million in its latest financing. The round was led by Caisse de dépôt et placement du Québec and Holtzbrinck Ventures. They were joined by First Ascent Ventures, Portag3 Ventures, White Star Capital, Walter Capital Partners and National Bank of Canada, most of which invested in last year's $12 million Series A financing /canada/2018/02/dialogue-nabs-12-mln-series-round-white-star-leads/ Founded in 2016 by CEO Cherif Habib, COO Anna Chif and CTO Alexis Smirnov, Dialogue provides employers with direct access to front-line health-care professionals for their employees and families. The company will use the funds raised to consolidate its growth in Canada and continue expanding in Europe.
CDPQ launches $250 mln fund for growth-stage AI companiesCaisse de dépôt et placement du Québec (CDPQ) has launched a $250 million fund to invest in growing Québec companies with artificial intelligence (AI)-enabled product offerings. The fund, managed by the Canadian pension system's venture capital and technology team, will invest directly in expansion-stage companies with sound business models, growth potential, seasoned management and dedicated teams with AI experience. Target opportunities will include companies emerging from early stages of development in the portfolios of CDPQ-backed venture capital firms.
TheGuarantors snags $15 mln Series BTheGuarantors, an insurtech provider for the real estate industry, has secured $15 million in Series B funding. Global Founders Capital led the round.
Bain Capital leads $17 mln Series A financing of VentionVention, a Montréal-based digital manufacturing platform for machine design, has secured $17 million in a Series A financing. U.S. venture capital firm Bain Capital Ventures led the round, with participation from White Star Capital, Bolt and Real Ventures, which invested in last year's $3.5 million seed financing /canada/2018/01/machine-design-platform-vention-wins-3-5-mln-seed-funding/ Founded in 2016 by CEO Etienne Lacroix and CTO Max Windisch, Vention helps engineers and other professionals in robotics, aerospace, automotive and other industries to rapidly design, order and assemble custom factory equipment. It will use the funds raised to accelerate development of its MachineBuilder 3D software, expand its modular hardware library, and bring additional solutions to market.
Venture-backed Dialogue buys medtech platform DXADialogue Technologies has acquired DXA, a Montréal-based artificial intelligence-enabled medical technology platform. Terms weren't disclosed. Founded in 2015, DXA developed a tool for automating triage, medical charting and diagnosis. It can be used in most provider-patient interactions, from primary care to chronic and specialized care. Dialogue said the technology complements its virtual care and telemedicine offering and will allow it to explore new partnerships with healthcare providers and insurers. Earlier this year, Montréal-based Dialogue closed a $12 million Series A financing /canada/2018/02/dialogue-nabs-12-mln-series-round-white-star-leads/ led by White Star Capital.
Tech backer White Star Capital raises $180 mln for second fund: ReutersWhite Star Capital, the startup funder co-founded by ex-technology deals banker Eric Martineau-Fortin, has raised a second, US$180 million fund that was significantly oversubscribed, Reuters reported. The fund, which had originally aimed to raise US$140 million, will look to invest US$1 million to US$6 million in about 20 new companies and has already invested in eight. White Star, which has its Canadian office in Montréal, said it would continue to focus on companies that use data as a competitive advantage and which it can help grow globally.
- Tech backer White Star Capital raises $180 million for second fund: Reuters
White Star Capital, the start-up funder co-founded by ex-technology deals banker Eric Martineau-Fortin, has raised a second, $180 million fund that was significantly oversubscribed, Reuters reported.
The new momentum behind Montréal’s tech ecosystemIn the past decade, Montréal’s tech ecosystem has gone from fledgling to a Canadian leader in startup investment, writes Sylvain Carle, a partner at Real Ventures. In a PE Hub Canada feature article, Carle digs into why now is such a great time for tech entrepreneurship in Montréal and Québec by speaking with two of Real Ventures' investors: Tom Birch, vice president, funds and technology, at Caisse de dépôt et placement du Québec, and Jacques Perreault, associate vice president, technological innovations, Desjardins Business Capital régional et coopératif.
- Unacast nets $17.5 mln in White Star-led round
New York City-based Unacast, a contextual and transparent location data platform, has secured $17.5 million in funding. White Star Capital led the round with participation from Telia, Open Ocean Capital and Investinor.