North America

Ronny Conway’s A.Capital to raise a $140 mln venture-capital fund

Ronny Conway’s A.Capital Ventures has set out to raise a $140 million third venture-capital fund, according to a filing with the SEC.

Mediacast Holdings raises capital

Mediacast Holdings said Aug. 9 that raised a second round of capital. Financial terms weren’t announced. Investors include senior executives from large media companies, private equity pioneers and fund managers. Mediacast Holdings, of Denver, owns equity in and manages a portfolio of consumer facing businesses.

Cambridge Crops raises $4 mln

Cambridge Crops said Aug. 9 that it raised $4 million in seed funding led by The Engine. The round included participation from Refactor Capital, Closed Loop Ventures, Bluestein & Associates, SOSV and Supply Chain Ventures. Cambridge Crops, of Somerville, Massachusetts, is a technology company focused on the food, agriculture, and packaging industries.

Curbio raises $7 mln

Curbio Inc said Aug. 9 that it raised $7 million in Series A funding co-led by Camber Creek and Brick & Mortar. Curbio, of Potomac, Maryland, is a home renovation technology company that aims to help realtors and their clients prepare their homes for sale.

Wheels Up raises $128 mln

Wheels Up said Aug. 9 that it raised $128 million in a Class D funding round co-led by Franklin Templeton, T. Rowe Price and Fidelity Management & Research. Other institutional and private investors participated in the round. Wheels Up is a membership-based private aviation company.

RHI Group leads investment in retail tech platform reebee

Reebee, a Kitchener, Ontario-based retail technology company, has secured undisclosed financing led by RHI Group, a Canadian digital marketing investment firm. M33 Growth, a U.S. venture capital and growth equity firm, also invested. Founded in 2012 by Tobiasz Dankiewicz and Michal Martyniak, reebee provides brick-and-mortar retailers with an interactive, online marketing platform that helps them reach shoppers. The platform has so far engaged some 5 million users. The funds raised will help accelerate reebee’s growth strategy. RHI Group, led by Executive Directors Alex Moorhead and Brian Sinclair, was recently capitalized by M33 Growth.

SalonScale Technology closes $1 mln seed deal, Conexus invests

SalonScale Technology, a Saskatoon-based mobile app for the hair salon industry, has closed its seed-stage financing, raising more than $1 million. The round's Canadian and U.S. investors included Conexus Venture Capital Fund, a recently launched $30 million fund focused on Saskatchewan's startup ecosystem. Founded last year by CEO Alicia Soulier, SalonScale provides an app, paired with a Bluetooth scale and web dashboard, to help salons manage the costs and usage of hair colouring. The company will use the financing's proceeds to grow its operations in North America and worldwide.

AI startup Voxel51 locks in $2 mln seed

Ann Arbor, Michigan-based Voxel51, an AI startup, has secured $2 million in seed funding. The investor was eLab Ventures.

Newfield Capital backs iCONECT

iCONECT, a provider of a legal document review platform, has secured an undisclosed amount of funding. The backer was NewField Capital Partners.

Opsani procures $10 mln Series A

Opsani, a provider of AI-driven continuous optimization solutions for cloud applications, has secured $10 million in Series A funding. Redpoint Ventures led the round with participation from previous backers Zetta Ventures and Bain Capital. In addition to the funding, Satish Dharmaraj, a partner at Redpoint, will join the Opsani board.