North America

Oak HC/FT announces promotions

Oak HC/FT, which last week announced it raised $800 million for its oversubscribed third fund, announced several promotions. Nancy Brown, who joined the firm in 2014 and focuses on growth equity and early stage venture deals in healthcare, was named general partner.

FTX seals $8 mln

FTX, an cryptocurrency derivatives exchange built by and for traders, has raised $8 million in funding. The investors were Proof of Capital, Consensus Lab, FBG and Galois Capital.

Eagle Alpha garners $2.4 mln

Eagle Alpha, a provider of alternative data solutions, has secured $2.4 million in funding. The investors included Enterprise Ireland.

Klarna amasses $460 mln

Klarna, a payments solution provider and provider of smoooth retail services, has raised $460 million in funding. Dragoneer Investment Group led the round. Numis was financial adviser and placement agent to Klarna on the transaction.

Sidecar Health reels in $18 mln

California-based Sidecar Health, a provider of health insurance plans, has raised $18 million in financing. GreatPoint Ventures and Morpheus Ventures led the round.

Main Post Advisors to raise $500 mln venture-capital fund

Main Post Advisors has set out to raise a $500 million venture-capital fund, according to a filing with the SEC.

CIBC Innovation Banking lends $10 mln to Georgian-backed Stratifyd

CIBC Innovation Banking has provided US$10 million of debt financing to Stratifyd, a Charlotte, North Carolina-based end-to-end customer analytics platform. The funds raised will be used to support the company's growth. Founded in 2015, Stratifyd provides artificial intelligence-enabled technology to help enterprises generate insights that lead to customer retention, improved products and services, and greater revenue. Last year, Stratifyd secured US$25 million in a Series B financing led by Canadian growth equity firm Georgian Partners. CIBC Innovation Banking is the technology lending arm of Canadian bank CIBC.

Canopy Rivers-backed TerrAscend to acquire Ilera Healthcare

TerrAscend Corp has agreed to acquire Ilera Healthcare, a Plymouth Meeting, Pennsylvania-based medical cannabis cultivator, processor and dispensary operator. In a separate release, TerrAscend, a Toronto-based cannabis business, said the total consideration of the cash-and-stock deal is between US$125 million and US$225 million. It is targeted to close in Q4 2019. In May, TerrAscend completed a private placement, raising about $70 million (US$52 million). The proceeds were intended in part to back the company's U.S. acquisition strategy. TerrAscend is a portfolio company of Canopy Rivers, the venture capital arm of Canadian cannabis producer Canopy Growth Corp.

Fasting platform Zero rallies $2.8 mln

Fasting platform Zero has raised $2.8 million in funding. The investors were True Ventures and Trinity Ventures.

Online broker Dough snaps up $20 mln

Dough, an online broker, has secured $20 million in funding. The backer was Tastytrade.