Private Equity
Seattle-based Nutpods, a natural food brand, has raised an undisclosed amount of funding. VMG Partners led the round with participation from other investors that included CircleUp Growth Partners and the Sidekick Fund.
1 min read · 29 July 2019
San Francisco-based MindTickle, which provides a sales readiness platform, announced it has raised $40 million in Series C funding led by new investor Norwest Venture Partners. Also participating in the latest round is NewView Capital and returning investors Accel, Canaan Partners and Qualcomm Ventures. As part of the funding, Scott Beechuk, a partner at Norwest, will join the company's board.
1 min read · 29 July 2019
Eideticom, a Calgary-based provider of computational storage solutions, has raised an undisclosed seed-stage financing. The investors were Inovia Capital, a Canadian growth equity and venture capital firm, and Molex Ventures, an investment arm of U.S. electronics solutions provider Molex Electronic Technologies LLC. Founded in 2016 and led by CEO Roger Bertschmann, Eideticom has developed NVMe computational storage technology to help cloud and enterprise data centre customers improve scalability and performance as well as reduce costs and energy consumption. The company will use the funds raised to expand its team and accelerate the deployment of end solutions.
4 min read · 29 July 2019
ProteinQure, a Toronto-based software platform for computational protein drug discovery, has raised about $4 million in a seed-stage financing. U.S. venture capital firm Felicis Ventures led the round. It was joined by 8VC, Golden Ventures, Inovia Capital, Global Founders Capital and angel investor Tom Williams. Launched two years ago by CEO Lucas Siow, CTO Tomas Babej, Head of R&D Mark Fingerhuth and CSO Chris Ing, ProteinQure uses molecular simulations, machine learning and quantum computing to solve drug design challenges and deliver new protein-based therapeutics. The company will use the funds raised for new hires and to expand industry partnerships.
3 min read · 29 July 2019
BabySparks, a technology platform that helps parents engage their babies and toddlers in their early development, has raised $2 million in seed funding. Ocean Azul Partners led the round.
1 min read · 29 July 2019
Friendly Stranger Holdings Corp, a Toronto-based supplier of cannabis products and accessories, has raised $5 million in follow-on financing. The deal was backed by Canadian cannabis producers 48North Cannabis Corp and VIVO Cannabis Inc. Canadian cannabis investment firm Green Acre Capital, which in 2018 agreed to invest $10 million in the company, provided an additional $2.5 million. The proceeds will be used to support Friendly Stranger's growth, including opening more cannabis culture accessory stores and launching adult-use retail locations across Canada. Established in 1994 by Robin Ellins and Joy Jacobsen, Friendly Stranger currently operates 10 retail locations in Ontario.
5 min read · 29 July 2019
OptioSurgical Inc, an analytics software company that helps hospitals and surgery centers reduce medical device costs, has secured $3.3 million in funding round. Next Frontier Capital led the round.
1 min read · 29 July 2019
500 Startups has appointed Courtney Powell as chief operations officer. Previously, she was head of corporate development at Keller Williams.
2 min read · 29 July 2019
SoftBank is planning on investing $2 billion in Grab. The Singapore-based ride-hailing Grab has also announced plans for a second headquarters in Indonesia.
1 min read · 29 July 2019
Cambridge, Massachusetts-based Sense, a provider of an intelligent home energy monitor, has raised $10 million in funding. The investors included MacKinnon, Bennett & Company and IDO Investments.
1 min read · 29 July 2019
