Private Equity
TerrAscend Corp has agreed to acquire ABI SF LLC, which operates a San Francisco-based cannabis cultivation facility and owns State Flower, a cannabis flower brand. TerrAscend, a Toronto-based cannabis business, agreed to initially acquire 49.9 percent of State Flower for US$2.85 million through the conversion of a convertible debenture. It will buy the remaining stake for a price based on future revenue. In May, TerrAscend completed a private placement, raising about $70 million (US$52 million), intended in part to fund the company's U.S. acquisition strategy. TerrAscend is backed by Canopy Rivers, the venture capital arm of Canadian cannabis producer Canopy Growth Corp.
4 min read · 29 August 2019
New York City-based Esusu, a financial technology platform helping individuals save money and build credit, has raised $1.6 million in seed funding. Acumen Fund led the round with participation from other investors that included Sinai Ventures, Kleiner Perkins, Katapult Accelerator, Plug and Play Tech Center, Global Good Fund and Temerity Capital Partners.
1 min read · 29 August 2019
Alto, a fintech platform, has raised $5.4 million in seed funding. Jefferson River Capital, the family office of Blackstone Executive Vice Chairman Tony James and Moment Ventures led the round.
1 min read · 29 August 2019
Tampa, Florida-based Homee, an on-demand home services platform, has raised $15 million in Series B financing. Forte Ventures led the round with participation from Liberty Mutual Strategic Ventures, The Hartford, State Farm Ventures, Ferguson Ventures, Activate Capital Partners, Florida Funders, Deepwork Capital and Engage.
1 min read · 29 August 2019
Oakland, California-based Hound Labs Inc, a maker of a dual marijuana and alcohol breathalyzer, has secured $30 million in Series D financing. Intrinsic Capital Partners led the round.
1 min read · 29 August 2019
Montréal-based digital health company Aifred Health has secured more than $490,000 in financing. The round was backed by Anges Québec, other angel investors based in Ontario and the United Kingdom, and Consortium MEDTEQ. Founded in 2017, Aifred specializes in clinical decision support for the treatment of depression and other mental conditions. It is developing an artificial intelligence-enabled tool to help physicians visualize a patient’s data and support the decision process. The financing's proceeds will be used to validate Aifred's business model and launch its first application in partnership with local hospitals.
4 min read · 29 August 2019
Poshmark, a social commerce platform for the next generation of retailers and shoppers, has appointed Jenny Ming to its board of directors. Ming is the former CEO and president of Charlotte Russe. Poshmark's backers include Mayfield, Menlo Ventures, GGV Capital, Temasek, Inventus Capital, Uncork Capital, Union Grove Venture Partners, Shea Ventures and AngelList.
3 min read · 29 August 2019
Worximity Technology, a Montréal-based smart factory analytics provider, has secured $6.25 million in a Series A financing. The round included a $5 million strategic investment by Marel, an Irish multi-national food processing company. The balance came from Worximity's existing Canadian investors Fonds de solidarité FTQ and W Investments. Founded in 2011 by CEO Yannick Desmarais, Worximity uses artificial intelligence and machine learning to enable automatic data collection, real-time monitoring, analysis and predictive insights in factory settings. The company will use the funds raised to accelerate the development of its technology and expand globally.
4 min read · 28 August 2019
New York City-based Salaryo, a fintech platform for U.S. freelancers and startups, has raised $5.5 million in funding. The investors included Ruby Ventures.
1 min read · 28 August 2019
Chargebee, a subscription management platform, has secured $14 million in Series D funding. Steadview Capital led the round.
1 min read · 28 August 2019
