Private Equity
CIBC Innovation Banking has provided $4.6 million (US$3.5 million) of debt financing to Invixium, a Toronto-based maker of biometric solutions for access control and workforce digitalization. The company will use the proceeds to support its growth plans. Founded in 2012 by CEO Shiraz Kapadia, Invixium develops biometric security solutions utilizing face, finger vein and fingerprint recognition. It serves a range of enterprises and industries for indoor and outdoor deployment in rugged environments. Earlier this year, Invixium raised a Series B financing led by Connecticut Innovations and joined by existing investors McRock Capital and BDC Capital. CIBC Innovation Banking is the technology lending arm of CIBC.
3 min read · 30 July 2019
Boston-based 6 River Systems Inc, a provider of collaborative mobile robotics fulfillment solutions, has named Juergen Heim as sales director in Europe. Heim is the former director of global sales and services for NOVEXX Solutions. 6RS's backers include Menlo Ventures, Norwest Venture Partners, Eclipse and iRobot.
3 min read · 30 July 2019
Truework said July 30 that it raised $12 million in Series A funding led by Sequoia Capital. Participating in the round were Stanford University and existing Truework investors, including Khosla Ventures, Menlo Ventures, and Founder Collective. Truework is an identity platform that aims to give consumers control over their personal and professional information.
4 min read · 30 July 2019
During the last few years, general partner-led secondary transactions have evolved and are no longer just associated with GPs trying to dispose of lingering assets that have become hard to sell. Increasingly, GP-led secondaries are used to create for both PE fund sponsors and their LPs liquidity solutions with more attractive valuations than regular dispositions of funds’ assets. In a PE Hub Canada feature article, Torys LLP Partners Venera Ziegler, Scott Semer and Andrew Beck and Senior Associate Batya Nadler look at key issues associated with GP-led secondary transactions as well as related guidelines released by the Institutional Limited Partners Association for sponsors and LPs.
9 min read · 30 July 2019
WellSet said July 30 that it raised pre-seed funding led by Kelly Noonan Gores and Broadway Angels. Other investors include private equity, and wellness and tech angel investors. Financial terms weren’t announced. WellSet is a booking platform for wellness seekers to discover and book practitioners.
4 min read · 30 July 2019
Sphera, a Genstar Capital portfolio company, has agreed to buy thinkstep. Financial terms weren’t announced. Thinkstep, of Stuttgart, Germany, provides software and consulting services company that specializes in corporate sustainability and product tewardship. Thinkstep raised about $31 million in VC funding from investors including Next47 and Gimv, according to PitchBook.
3 min read · 30 July 2019
Monday.com said July 30 that it raised a $150 million Series D round led by Sapphire Ventures with participation from Hamilton Lane, HarbourVest Partners, ION Crossover Partners and Vintage Investment Partners. Monday.com is a work management platform.
4 min read · 30 July 2019
Floodgate has added Shawn Xu to its investment team as a senior associate.
1 min read · 29 July 2019
Ordermark, a provider of online ordering management solutions for restaurants, has raised $18 million in Series B funding. Foundry Group led the round with participation from other investors that included TenOneTen Ventures, Vertical Venture Partners, Mucker Capital, Act One Ventures and Nosara Capital.
1 min read · 29 July 2019
nCino Inc, which is backed by Insight Venture Partners, Wellington Management, Salesforce Ventures and Bessemer Ventures, has acquired Salt Lake City-based Visible Equity, a financial analytics and compliance software company. No financial terms were disclosed. KPMG Corporate Finance LLC was the financial adviser to Visible Equity on the deal.
3 min read · 29 July 2019
