Private Equity
Sherbrooke, Québec-based education technology provider Classcraft has raised $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 $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. It serves more than 6 million students and teachers worldwide. The company will use the funds raised to further scale its platform.
5 min read · 17 September 2019
Seattle-based Navigating Cancer, a provider of oncology patient relationship management solutions, has secured $26 million in Series D funding. Merck Global Health Innovation Fund and TT Capital Partners led the round with participation from other investors that included American Cancer Society's new philanthropic venture fund BrightEdge, LabCorp, ORIX Growth Capital and Rustic Canyon Partners.
5 min read · 17 September 2019
She helped launch Facebook's Workplace in 2016 and for nearly three years served as a global director.
2 min read · 17 September 2019
Bain Capital Ventures has named Keri Gohman as an operating partner. Recently, Gohman was chief platform business officer at Xero.
3 min read · 17 September 2019
Mountain View, California-based twoXAR Inc, an artificial intelligence-driven biopharmaceutical company, has appointed Dr. Allen Poirson as senior vice president of biopharmaceutical business development. Poirson is the former CEO of Sony Biotechnology. TwoXAR's backers included SoftBank Ventures, Andreessen Horowitz, OS Fund, CLI Ventures and the Stanford-StartX Fund.
3 min read · 17 September 2019
San Francisco-based Fieldwire, a provider of field management software for the construction industry, announced it has raised an additional $33.5 million in funding. Menlo Ventures led the round, with follow-on participation from Brick & Mortar Ventures. Also in the Series C round are Hilti Group and Formation 8. As a result of the latest funding, Tyler Sosin of Menlo Ventures, will join Fieldwire’s board alongside Darren Bechtel of Brick & Mortar. Fieldwire has now raised $40.4 million to date.
1 min read · 17 September 2019
Concord, Massachusetts-based aPriori, a provider of enterprise product cost management software, has secured $26.8 million in Series C funding. The investors included NewSpring, Autodesk, Gutbrain Ventures, Oyster Angel Fund, PBJ Capital, Sigma Partners and Sigma Prime Ventures.
3 min read · 16 September 2019
Lift & Co Corp (TSX-V: LIFT), a Toronto-based cannabis media and technology platform, has closed a $3.5 million private placement offering. The financing, consisting of senior secured convertible debentures and common share purchase warrants, was backed by U.S. cannabis private equity firm Gotham Green Partners and others. Founded in 2014 by Chairman Tyler Sookochoff, Lift provides cannabis-related trade shows, online data and product reviews, and educational resources. It will use the deal's proceeds for working capital, repaying debt and other priorities. Lift, which went public last year, secured $3 million in a Series A financing in 2017.
4 min read · 16 September 2019
San Francisco-based Fossa, an open source management company, has secured $8.5 million in Series A funding. Bain Capital Ventures and Costanoa Ventures led the round with participation from Norwest Venture Partners.
1 min read · 16 September 2019
Mission Bay Capital, an early-stage life science venture firm, has closed its third fund at $60 million. The fund's investors included Astellas Venture Management, Banyan Pacific Capital, Eli Lilly and Company, Mayfield, UC Investments, Wilson Sonsini Goodrich & Rosati and Zambon.
2 min read · 16 September 2019
