North America

CMR Surgical Limited rakes in $240 mln

UK-based CMR Surgical Limited, a maker of a next-generation surgical robotic system, has raised $240 million in funding. The investors included LGT, Escala Capital Investments, Cambridge Innovation Capital, Watrium and Zhejiang Silk Road Fund.

Biproxi picks up $10 mln seed in Greycroft-led round

San Diego-based Biproxi, an commercial real estate transaction platform, has raised $10 million in seed funding. Greycroft led the round with participation from other investors that included Newmark Knight Frank, RPM Ventures and the National Association of Realtors.

Edtech platform Classcraft secures C$10 mln in Series A financing

Sherbrooke, Québec-based education technology provider Classcraft has raised C$10 million in a Series A financing. The round was led by Investissement Québec, an investment arm of the Québec government. It was joined by Whitecap Venture Partners, Brightspark Ventures and MaRS Catalyst Fund, all of which backed Classcraft’s C$2.8 million financing in 2017. Launched in 2013 by CEO Shawn Young, President Devin Young and CFO Lauren Young, Classcraft uses technology, games and storytelling to enhance student motivation in the K-12 education sector.

Linnaeus procures $12 mln Series B

Haddonfield, New Jersey-based Linnaeus Therapeutics Inc, a biopharmaceutical company focused on the development and commercialization of novel, small molecule oncology therapeutics, has raised $12 million in Series B financing. Kairos Ventures led the round with participation from the University of Pennsylvania.

Kaia Health takes in $8 mln

New York City-based Kaia Health, a digital therapeutics company, has secured $8 million in funding. Optum Ventures led the round.

Trulioo nabs $70 mln in VC, including Goldman Sachs-led Series C

Trulioo, a Vancouver-based identity verification platform, has secured $70 million in new funding, including $60 million in Series C financing. Goldman Sachs Growth Equity led the Series C, with participation from American Express Ventures, Citi Ventures and Santander InnoVentures. The other $10 million came from early investors Blumberg Capital and BDC Capital. Trulioo provides an application programming interface that gives electronic identity and verification coverage for five billion consumers and more than 250 million businesses in a range of global industries. Led by Founder and CEO Stephen Ufford, the company will use the funds raised for scaling up operations in new markets, new hires and other growth initiatives.

DataRobot nabs $206 mln Series E

Boston-based DataRobot, an enterprise AI company, has raised $206 million in Series E funding. Sapphire Ventures led the round.

Broker Buddha inks $4.5 mln

New York City-based Broker Buddha, an insurtech platform, has raised $4.5 million in funding. Vertex Ventures led the round.

HG Ventures leads Series A round for 120WaterAudit

Indiana-based 120WaterAudit, a provider of cloud-based water software platform, has secured $7 million in Series A funding. HG Ventures led the round with participation from Allos Ventures and Greenhouse Capital.

VidMob appoints Chen as chief product officer

VidMob, a full stack creative technology platform, has named Humphrey Chen as chief product officer. VidMob's backers include BuildGroup, Acadia Woods, Herington LLC, Interlock Partners, Macanta Investments and You & Mr Jones.