North America

Finitive scores $2 mln venture debt

New York-based Finitive, a financial technology platform providing institutional investors with direct access to alternative lending investments, has secured $2 million venture debt from Silicon Valley Bank. The capital infusion will be used to further invest in Finitive's technology platform.

Bayzat inks $16 mln Series B

United Arab Emirates-based Bayzat, a provider of a platform for human resources, payroll and employee benefits, has raised $16 million in Series B funding. Point72 Ventures led the round with participation from other investors that included Mubadala Capital, Elm, Greyhound Capital, Endeavor Catalyst and Tech Invest Com.

Commercetools racks up $145 mln

Commercetools, a German provider of next-generation commerce software, has secured $145 million in funding. The investor was Insight Partners.

Janvest collects $20.65 mln for fourth fund

Janvest Capital Partners has raised $20.65 million for its fourth fund, according to an SEC filing. The target is $80 million. The New York-based venture firm invests in early-stage enterprise-grade technologies being developed in Israel.

Neotribe Ventures targets $205 mln for sophomore fund

Neotribe Ventures is seeking to raise $205 million for its second fund, according to an SEC filing. The Menlo Park, California-based venture firm "invests in breakthrough technologies that stretch the imagination."

MediaLab to buy VC-backed Kik Messenger

MediaLab has agreed to acquire Kik Messenger, the app of Waterloo-based Kik Interactive, according to an announcement made by MediaLab. No financial terms were disclosed. Kik's backers include Foundation Capital, Millennium Technology Value Partners, RRE Ventures, Spark Capital, SV Angel, Tencent, Union Square Ventures and Valiant Capital Partners.

Upstream Security nabs $30 mln Series B

California and Israel-based Upstream Security, a provider of cybersecurity for connected vehicles, has raised $30 million in Series B funding. Renault Venture Capital led the round with participation from other investors that included Group Venture Capital, Hyundai, Hyundai AutoEver, Nationwide Ventures, Charles River Ventures, Glilot Capital and Maniv Mobility.

Medical device firm MediView XR picks up $4.5 mln seed

Cleveland-based MediView XR Inc, a medical device company, has secured $4.5 million in seed funding. The investors included Inside View Investment LLC, Plug and Play Ventures and Northwest Ohio Tech Fund.

Speechmatics raises 6.35 mln pounds

Speechmatics said Oct. 21 that it raised 6.35 million pounds ($8.25 million) in Series A funding led by AlbionVC. IQ Capital, along with several angel investors, participated. Speechmatics, of London, is a speech recognition technology engine.

E.fundamentals raises 5.3 mln pounds

E.fundamentals raised 5.3 million pounds ($6.9 million) in funding led by Maven Capital Partners. Downing Ventures and Scottish Enterprise also participated in the round. E.fundamentals, of London, is an ecommerce analytics.