White Star Capital related stories
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Rewards app Drop seeded with $5.5 mln in Sierra-led roundToronto-based millennial-focused rewards program Drop has secured $5.5 million in a seed-stage financing. The round was led by U.S. venture capital firm Sierra Ventures with participation from White Star Capital, ff Venture Capital, Power Corp's Portag3 Ventures and HOF Capital. Founded in 2015 by CEO Derrick Fung, Drop provides a free mobile rewards app that allows millennials to earn rewards while shopping. It at the same time helps brands gain knowledge about new consumers. Drop plans to use the funds raised to launch its technology platform in the United States.
Drop attracts $5.5 mln seed in Sierra Ventures-led roundDrop, a rewards company that's in stealth mode, has secured $5.5 million in seed funding, according to a spokesperson for the firm. Sierra Ventures led the round with participation from ff Venture Capital, Portag3 Ventures, HOF Capital and White Star Capital.
- KeyMe fetches $25 mln Series D
New York City-based KeyMe, a provider of solutions for people to access and manage their keys, has raised $25 million in Series D financing. Comcast Ventures was the lead investor. Also, Battery Ventures, Benefit Street Partners, Michael Polsky, Questmark Partners, Ravin Gandhi, RiverPark Ventures, 7-Eleven and White Star Capital participated in the round.
Fintech platform Borrowell raises $12 mln in VC, $45 mln in debtToronto financial technology company Borrowell has secured $12 million in a Series A financing. The round was led by Portag3 Ventures, Equitable Bank and White Star Capital and joined by FirstOntario Credit Union and other new and existing investors. The company said it also raised $45 million in new credit facilities supplied by Concentra and FirstOntario. Launched in 2014, Borrowell provides an online system for users to access free credit scores, personal loans and financial recommendations. Led by CEO Andrew Graham, it will use the funds raised to accelerate product adoption and invest in artificial intelligence to enhance its financial tools.
- KeyMe attracts $25 mln
KeyMe, a key duplication solution provider, has raised $25 million in funding. Benefit Street Partners, an affiliate of Providence Equity Partners, led the round.
- Red Sift picks up $2 mln seed
Red Sift, a data automation platform provider, has secured $2 million in seed funding. White Star Capital and Oxford Capital led the round with participation from Entrée Capital.
- KeyMe inks $15 mln Series C
KeyMe, a key duplication solution provider, has raised $15 million in Series C funding. QuestMark Partners led the round with participation from other backers that included Battery Ventures, White Star Capital, 7-Eleven, Ravin Gandhi and the Polsky Family Office. In conjunction with the funding, Nick Superina, a partner at QuestMark Partners, has been added to KeyMe's board.
White Star leads Series A funding of retail platform SalesfloorMontréal-based retail technology platform Salesfloor recently closed its Series A financing. The round, the value of which was undisclosed, was led by White Star Capital. Founded in 2013 by CEO Oscar Sachs and CCO Ben Rodier, Salesfloor is a web solution that helps retailers connect front-line sales teams with online shoppers for a more personalized customer experience. The company, which has offices in New York and London, said it will use the funds raised to accelerate global growth and expand its programs with major retail clients. Salesfloor is also backed by BDC Capital IT Venture Fund and several angel investors.
- White Star leads Series A round for Salesfloor
Retail tech platform Salesfloor has raised an undisclosed amount of Series A funding. White Star Capital led the round.
White Star Capital joins Freshly's $21 mln Series B roundNew York-based meal delivery service Freshly Inc has secured US$21 million in a Series B financing. Insight Venture Partners led the round, with participation from existing investors, including White Star Capital, a venture capital firm founded by Canada's Eric Martineau-Fortin. Launched in early 2015, Freshly currently ships close to 250,000 meals per month. It plans to use the funds raised to increase hiring and expand distribution across the United States. White Star, which has offices in Montréal, New York and London, closed its debut fund /canada/2015/11/white-star-capital-raises-70-mln-vc-fund-anchored-by-bdc/ at US$70 million last November.