North America

Corigin Ventures raises $32.5 mln towards $50 mln second fund

Corigin Ventures, a New York City-based venture firm focused on seed investments, has raised $32.5 million towards a target of $50 million for its second fund, according to regulatory filing.

GGV Capital leads seed round for $4.1 mln

Crosschq, a new company focused on eliminating the problem of bad hires, has raised $4.1 million in seed funding. GGV Capital led the round with participation from other investors that included Bessemer Venture Partners.

STRT collects seed funding

STRT, a designer and operator of living and working accommodations, has raised an undisclosed amount of seed financing. Celtic Investment, Inc., Sentry Investments LLC and 4-D Investments LLC led the round.

SignalWire locks in $11.5 mln Series A

Palo Alto, California-based SignalWire Inc, a developer of an open-source enterprise communication platform, has raised $11.5 million in Series A funding. Storm Ventures led the round.

XOi Technologies gathers $11 mln Series C

Nashville-based XOi Technologies, a provider of field service communication solutions, has raised $11 million in Series C financing. PeakSpan Capital led the round with participation from Grotech Ventures, Vocap Investment Partners and Nashville Capital Network.

Cloudleaf nabs $26 mln Series B

Cloudleaf Inc, a provider of digital supply chain solutions, has secured $26 million in Series B funding. Intel Capital and WRVI Capital led the round.

FreshBooks secures strategic investment from JPMorgan Chase

Toronto-based accounting software provider FreshBooks has raised an undisclosed strategic investment from JPMorgan Chase & Co (NYSE: JPM), a U.S. financial services firm. Led by CEO Mike McDerment, Freshbooks provides invoicing, time-tracking, expense management, online payments and other tools to small businesses and self-employed professionals. It currently has customers in 160 countries. Bill Clerico, CEO of WePay, a JPMorgan Chase payments affiliate, said the deal will support FreshBooks' growth while also serving his company's small business clientele. FreshBooks previously secured nearly $100 million in a 2017 Series B financing led by Georgian Partners and a 2014 Series A led by Oak Investment Partners.

AlbionVC appoints investment manager

AlbionVC has named Paul Lehair as an investment manager. Previously, he worked at Citymapper where he was financial director.

Intel Capital backs Capsule8

Brooklyn, New York-based Capsule8, a provider of attack protection solutions for Linux production environments, has secured a multimillion-dollar investment. The investor was Intel Capital.

M33 Growth backs strategy of retail marketing investor RHI Group

RHI Group, a Toronto-based investment company focused on retail marketing solutions, has secured an undisclosed investment from M33 Growth, a U.S. venture capital and growth equity firm. Founded this year by Executive Directors Alex Moorhead and Brian Sinclair, RHI Group invests in software and digital marketing companies that leverage consumer data to help retailers make more informed decisions and market more effectively. Moorehead and Sinclair are both former retail marketing executives. Moorehead was also previously a managing director at Tandem Expansion Fund. M33 Growth Managing Director Gabe Ling said his firm will partner with RHI Group on investments.