Private Equity
Sorenson Ventures has hired Chris Downer as a principal. Previously, he was a principal at XL Innovate.
3 min read · 01 August 2019
Cambridge, Massachusetts and Baltimore-based Thrive Earlier Detection Corp, a healthcare company focused on incorporating earlier cancer detection into routine medical care, has named David J. Daly as CEO. Previously, Daly worked at Illumina, where he was the senior vice president and general manager of commercial operations for the Americas region. Thrive Earlier Detection Corp's backers include Section 32, Casdin Capital, Biomatics Capital, BlueCross BlueShield Venture Partners, The Invus Group and Exact Sciences.
3 min read · 01 August 2019
Prevtec Microbia Inc, a Montréal-based biotechnology company focused on the prevention of diseases in food animals, has agreed to be acquired by Elanco Animal Health Inc (NYSE: ELAN). Elanco, a Greenfield, Indiana-based animal health company, agreed to pay $78.5 million in cash. The deal also includes a payment of up to $21.5 million to former shareholders in Q1 2022 if certain sales milestones are met. Founded in 2003, Prevtec is the maker of the Coliprotec line of vaccine products designed to protect pigs against post-weaning diarrhea and associated clinical signs caused by E. coli. Prevtec has been backed in financings by Desjardins-Innovatech, Echo Capital, Investissement Québec, Telesystem, Vet Venture Capital and other investors.
4 min read · 01 August 2019
San Francisco-based Armory, which commercializes Spinnaker, an open source platform for delivering software, announced it has raised a $28 million Series B round led by Insight Partners. The round also included follow-on investments from all existing investors, including Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator and Javelin Venture Partners.
1 min read · 01 August 2019
FNA said Aug. 1 that it raised $5.5 million in Series A funding led by IQ Capital. GETTYLAB participated in the round. FNA, of London, provides a platform that aims to help financial institutions map and monitor complex interconnected networks and to simulate operational and financial risks.
3 min read · 01 August 2019
Wish said Aug. 1 that it raised a Series H round of funding led by General Atlantic. Wish, a San Francisco e-commerce platform, did not reveal how much it raised.
3 min read · 01 August 2019
CRV announced it has tapped two new additions to its enterprise team. Joining the firm are Anna Khan as general partner and Kristin Baker Spohn as venture partner.
1 min read · 31 July 2019
Clearbanc, a Toronto-based provider of marketing capital for e-commerce brands, has raised about $395 million (US$300 million) in additional financing. The equity portion, reportedly about $66 million (US$50 million), was led by U.S. venture capital firm Highland Capital Partners. It was joined by Inovia Capital and Emergence Capital, both of which invested in last year's combined $160 million (US$120 million) financing. The balance of the new round, led by Arcadia Funds and Upper90, will capitalize a fund intended to back Clearbanc's e-commerce clients. Led by co-founders and CEOs Andrew D’Souza and Michele Romanow, Clearbanc is the creator of the 20-Min Term Sheet, which offers a non-dilutive alternative to traditional funding sources.
5 min read · 31 July 2019
Seattle-based Edge Delta, an analytics startup, has secured $3 million in seed funding. MaC Venture Capital and Amity Ventures led the round.
1 min read · 31 July 2019
Austin, Texas-based TalentGuard, an HR tech company, has raised $4 million in Series B financing. LiveOak Venture Partners led the round.
1 min read · 31 July 2019
