North America

NEA promotes two

New Enterprise Associates Inc promoted Ed Mathers and Blake Wu.

Incube Ventures closes third fund at $55.25 mln

San Jose, California-based Incube Ventures, a life science venture firm, has raised $55.25 million for its third fund, according to an SEC filing. No target was listed in the document.

Qualcomm rolls out $200 mln 5G fund

Qualcomm has launched a $200 million 5G ecosystem venture fund. The fund will invest in 5G startups.

VC-backed Attentive appoints Heymann as CTO

New York City-based Attentive, a personalized mobile messaging SaaS platform for brands and organizations, has named Harry Heymann as chief technical officer. Previously, he worked at Hometeam where he was vice president of engineering. Attentive's backers include Sequoia Capital, IVP, High Alpha, Bain Capital Ventures, Eniac Ventures and NextView Ventures.

Picus Security takes in $5 mln Series A

Picus Security, a cybersecurity firm, has raised $5 million in Series A funding Earlybird led the round.

EnsureDR nets $2.5 mln Series A

Silicon Valley-based EnsureDR, a disaster recovery readiness platform, has secured $2.5 million in Series A financing. Awz Ventures led the round.

Home insurance shopping platform Young Alfred inks $10 mln

New York City and Philadelphia-based Young Alfred, a home insurance shopping platform, has raised $10 million in funding. Gradient Ventures led the round with participation from Pear Ventures, ERA and Newfund Capital.

Lightspeed adds five to team

Lightspeed Venture Partners announced it has hired five people. Joining the team are COO David Baga and Partners Mercedes Bent, James Ephrati, Anoushka Vaswani and Rytis Vitkauskas. Bent will focus on consumer deals, while Ephrati and Vaswani will work on the growth team and Vitkauskas will be based in the U.K. and build out the firm's European practice.

Sofdesk locks in funding

Montreal-based Sofdesk Inc, a solar and roofing business accelerator, has raised $5.7 million in funding. Generac Holdings Inc led the round with participation from EnerTech, BDC Capital and Desjardins Capital. The capital infusion will be used by Sofdesk for product expansion and to scale its portfolio.

Current takes in $20 mln Series B

Current, "the bank for modern life," has raised $20 million in Series B funding, according to a blog post on its site. The investors include Wellington Management Company, Galaxy Digital and CUNA Mutual Group.