White Star Capital related stories
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Dialogue nabs $12 mln in Series A round, White Star leadsDialogue, a Montréal virtual health and telemedicine service provider, has raised $12 million in a Series A financing. White Star Capital led the round and was joined by HV Holtzbrinck Ventures, Portag3 Ventures, National Bank Financial and Walter Financial. Founded in 2016, Dialogue reports that about 150 employers started providing the company's offering as an employee benefit over the last year, which marked a 1,500 percent growth in the user base. It will use the funds raised to continue expanding and add new services. In 2017, Dialogue closed a $4 million seed-stage financing /canada/2017/03/3442132/ backed by Diagram, BDC Capital and others.
White Star Capital promotes Lylan Masterman to GPWhite Star Capital has promoted Lylan Masterman to general partner. Masterman, who joined White Star as a principal in 2014, will lead the firm's office in New York City and drive investments in the area. He will also continue to build White Star's networks in Silicon Valley and Asia on behalf of portfolio companies. Masterman's technology executive and venture capital background includes his on-going role as a fellow at Kauffman Fellows. Operating from London, New York, Montréal, Paris and Tokyo, White Star is an investor in early-stage technology companies.
Rewards app Drop raises $26 mln in NEA-led Series A roundToronto-based mobile rewards program Drop has secured about $26 million (US$21 million) in a Series A financing. U.S. venture capital firm New Enterprise Associates (NEA) led. It was joined by Sierra Ventures, White Star Capital, ff Venture Capital, Portag3 Ventures and Silicon Valley Bank, most of which invested in the company's seed funding last year. Drop also announced it has hired Ian Logan, formerly an Airbnb executive, as vice president of engineering. Drop provides a free mobile app that allows millennials to earn rewards while shopping. Founded in 2015 by CEO Derrick Fung, the company will use the funds raised for a "major innovation push" in 2018.
Millennial-focused rewards program Drop locks in $21 mln Series AToronto-based Drop, a millennial-focused rewards program, has raised $21 million in Series A funding. New Enterprise Associates led the round with participation from other investors that included Sierra Ventures, White Star Capital, ff Venture Capital, Portag3 Ventures and Silicon Valley Bank.
Mnubo secures $16.5 mln in Series B round led by Munich ReMnubo, a Montréal-based internet-of-things data analytics and artificial intelligence company, has raised $16.5 million in a Series B financing. HSB Group, an affiliate of German reinsurance provider Munich Re, led the round. The investment is being made in parallel with an HSB strategic partnership with the company. White Star Capital and McRock Capital, which backed Mnubo's Series A round in 2015, also invested. Founded in 2012 by CEO Frédéric Bastien, CTO JC Cimino, VP Growth Aditya Pendyala and VP Data Science Jean-Charles Beaudin, Mnubo will use the funds raised to grow its platform, which helps manufacturers build better connected products and services.
- Machine design platform Vention wins C$3.5 mln in seed funding
Vention, a Montréal-based digital manufacturing platform dedicated to machine design, has secured C$3.5 million in seed-stage financing. White Star Capital led the round with participation from Bolt, Real Ventures and several technology executives. Founded in 2016 by CEO Etienne Lacroix and CTO Max Windisch, Vention with the round announced the first public launch of its free, cloud-based 3D MachineBuilder, which with a modular component library allows users to design and assemble custom industrial equipment directly from a web browser in a short time.
Machine design platform Vention wins $3.5 mln in seed fundingVention, a Montréal-based digital manufacturing platform dedicated to machine design, has secured $3.5 million in seed-stage financing. White Star Capital led the round with participation from Bolt, Real Ventures and several technology executives. Founded in 2016 by CEO Etienne Lacroix and CTO Max Windisch, Vention with the round announced the first public launch of its free, cloud-based 3D MachineBuilder, which with a modular component library allows users to design and assemble custom industrial equipment directly from a web browser in a short time. The company said it will use the funds raised to accelerate development of the platform on the hardware and software fronts.
Venture-backed Immunio acquired by Japan's Trend MicroTrend Micro Inc has acquired Immunio, a Canadian provider of real-time security protection for web applications. No financial terms were released. Trend Micro, a Japanese cybersecurity business, said the deal allows it to expand its hybrid cloud security solution for the development and operations (DevOps) lifecyle. Based in Montréal, Immunio was founded in 2013 by CEO Zaid Al Hamami and CTO Mike Milner. It was seeded in 2015 in a round backed by Bloomberg Beta, Hoxton Ventures and Real Ventures, and last year raised $5 million of Series A financing /canada/2016/4/3328875/ led by White Star Capital.
Canadian VC continues surge with $2.6 bln invested YTD: CVCACanada’s venture capital market saw continued growth in Q3 2017, with $980 million invested in 149 financing rounds, up 43 percent from a year ago, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). This contributed to $2.6 billion invested in 431 rounds at the end of September, suggesting that deal-making is likely to top the $3.2 billion invested in all of 2016, the CVCA said. Activity has been driven by large financing sizes, averaging $6.04 million in the third quarter, particularly in IT sectors, which took 69 percent of dollars invested, and life sciences sectors, which secured over one-fifth of the total.
- British medicine app Echo raises 7 mln stg to fund expansion: Reuters
British start-up Echo said on Wednesday it had raised 7 million pounds ($9.2 million) in a funding round led by White Star Capital to expand use of its app that helps people manage their medicine to treat conditions like asthma.