North America

ScaleFactor rakes in $60 mln Series C

Austin, Texas-based ScaleFactor, an intelligent finance and automated accounting platform, has raised $60 million in Series C funding. Coatue led the round with participation from other investors that included Bessemer Venture Partners, Canaan, Broadhaven Ventures, Firebrand Ventures, Vulcan, Stripes Group and NextPlay Capital.

Lawn care company Sunday fetches $6 mln Series A

Sunday, a direct-to-consumer lawn care company, has secured $6 million in Series A funding. Tusk Venture Partners led the round.

InMode goes public

Lake Forest, California-based InMode Ltd, a provider of medical technologies, has raised $70 million for its IPO after pricing its 5 million shares at $14 per share. The stock began trading August 8, 2019 on the NASDAQ under the ticker symbol "INMD." Barclays Capital Inc. and UBS Investment Bank are the lead underwriters. InMode's pre-IPO backers include Israel Healthcare Ventures.

Rookout lands $8 mln Series A

Tel Aviv and Palo Alto, California-based Rookout, a data extraction and pipelining platform, has raised $8 million in Series A funding. Cisco Investments led the round.

Webflow snags $72 mln Series A

Webflow, a no-code web development platform, has secured $72 million in Series A funding, according to a blog post on its site. The investors included Accel and Silversmith.

Menlo Ventures recruits new partner to firm

Menlo Ventures has hired Jean-Paul Sanday as a partner. Previously, he worked at Summit Partners as an inflection-stage investor.

CIBC Innovation Banking provides loan to VC-backed Bridgit

CIBC Innovation Banking has provided undisclosed debt financing to Bridgit, a Kitchener, Ontario-based construction software provider. The funding came alongside Bridgit's Series A round. This year, the company was reported to be negotiating debt financing that would increase its latest round to $7.75 million. CIBC Innovation Banking said the proceeds will support the launch of a new product, Bridgit Bench, a resource planning platform for general contractors. Founded in 2014 by CEO Mallorie Brodie and COO Lauren Lake, Bridgit provides end-to-end productivity and performance solutions for construction operations managers and their teams.

Purdue University spin-out Novosteo inks $500K

Novosteo, a Purdue University spin-out, has secured $500,000 in seed funding. The investor was Research Bridge Partners. Novosteo is developing a novel injectable-targeted drug for broken and compromised bones.

Pathstream picks up $12 mln Series A

San Francisco-based Pathstream, a creator of educational programs for colleges in partnership with tech firms, has raised $12 million in Series A funding. The investors included TDM Partners, Hereditas Capital Management, Bisk Ventures, New Ground Ventures and Rethink Education.

Fertility health startup Dadi nabs $5 mln

Fertility health startup Dadi has raised $5 million in funding. TCG, an affiliate of The Chernin Group, led the round. In addition to the funding, TCG Partner Marco DeMeireles will also join Dadi's board.