Private Equity
Lightspeed POS Inc (TSX: LSPD) has acquired iKentoo SA, a Geneva, Switzerland-based point-of-sale (POS) solutions provider to small businesses in the hospitality industry, for an undisclosed amount. Lightspeed, a Montréal-based retail and restaurant POS and e-commerce platform, said the deal expands its footprint by more than 3,800 customer locations mostly in Switzerland, South Africa and France. Lightspeed went public in Canada this year, raising $276 million. Going into the public launch, it was backed by Caisse de dépôt et placement du Québec, Inovia Capital and others. In April, the company raised US$55 million in credit facilities from CIBC Innovation Banking.
3 min read · 17 July 2019
Vendasta, a Saskatoon-based white-label software company, has raised $40 million in its latest financing. Canadian Business Growth Fund (CBGF) led a $25 million round. It adds to a $15 million investment made in May, led by Comporium Inc and Saskworks Venture Fund and joined by Vanedge Capital and BDC Capital's IT Venture Fund. Founded in 2008, Vendasta provides a cloud commerce platform to channel partners that assist small and mid-sized businesses with their digital needs. Its products are are sold by more than 1,200 agencies and over 25,000 salespeople. Led by CEO Brendan King, Vendasta will use the funds raised for new hires, enhancing the platform, and expanding into new customer channels.
4 min read · 17 July 2019
Green Bay Ventures has raised $46.1 million toward a growth fund, according to a filing with the SEC.
1 min read · 17 July 2019
LG Electronics is leading the Series A-1 equity financing round for Washlava. Financial terms weren’t announced. Washlava’s technology allows customers to reserve and pay for laundry machines from their smartphones.
3 min read · 17 July 2019
Cambridge, Massachusetts-based Orum Therapeutics, a biotech firm, has secured $30 million in Series B financing. The investors were IMM Investment, Smilegate Investment, KTB Network, Stassets Investment, InterVest and KB Investment/Solidus Investment.
1 min read · 17 July 2019
San Diego-based Cradle Genomics, a provider of a prenatal testing methodology, has secured $17.1 million in funding. Illumina Ventures and Section 32 led the round with participation from Alexandria Real Estate Equities, Sea Lane Ventures, Listwin Ventures and Axon Ventures.
1 min read · 17 July 2019
Boston-based Pyxis Oncology, a newly formed immuno-oncology company, has raised $22 million in Series A funding. Leaps by Bayer led the round with participation from other investors that included Agent Capital, Ipsen and Longwood Fund.
1 min read · 17 July 2019
Cambridge, Massachusetts-based Pandion Therapeutics, a biotech company focused on treating autoimmune and inflammatory disease, has named Dr. Rahul Kakkar as CEO and a member of its board of directors. Also, Pandion has promoted Dr. Jo Viney, a founder of the company, to president and chief scientific officer. And, Vikas Goyal joins Pandion as senior vice president of business development. Pandion's investors include Polaris Partners, Versant Ventures, Roche Venture Fund, SR One and BioInnovation Capital.
6 min read · 17 July 2019
Comet Bio, a maker of healthy and sustainable ingredients, has raised an undisclosed amount of financing. The investors were return backers Sofinnova Partners and PM Equity Partner.
1 min read · 16 July 2019
Vida Ventures, a Boston, Massachusetts-based life sciences-focused venture firm raised $537 million towards its second fund, according to a regulatory document.
1 min read · 16 July 2019
