North America

Kyndi pockets $20 mln Series B

Silicon Valley-based Kyndi, an artificial intelligence company building the first explainable AI platform, has raised $20 million in Series B funding. Intel Capital led the round with participation from other investors that included UL Ventures and PivotNorth Capital.

Wealth management platform d1g1t ups VC funding to C$12 mln

Toronto-based enterprise wealth management platform d1g1t has secured an additional C$3 million in financing, bringing its total funding to C$12 million. The investment, made by U.K. venture capital firm Illuminate Financial Management, tops up d1g1t ‘s Series A round, announced last November. It was led by Canadian financial services firm Purpose Financial LP. Illuminate’s Mark Rodrigues will join the board. Founded in 2017, d1g1t provides integrated technology that uses advanced analytics and risk management tools to help wealth management companies better advise and serve their clients.

Powerhive locks in $9.3 mln Series B

California-based Powerhive Inc, an energy solutions and technology provider for emerging markets, has secured $9.3 million in Series B funding. The investors included Toyota Tsusho Corporation.

TrustArc fetches $70 mln Series D

San Francisco-based TrustArc Inc, a provider of privacy management solutions, has raised $70 million in Series D funding. Bregal Sagemount led the round with participation from Accel, Baseline Ventures, DAG Ventures, Icon Ventures and Industry Ventures.

Remitly snags $220 mln

Seattle-based Remitly, an online international money transfer service, has raised $220 million in financing. The investors included Generation Investment Management, Owl Rock Capital, Princeville Global, Prudential Financial, Schroder & Co Bank AG and Top Tier Capital Partners.

Vyopta lands $7.5 mln Series B

Austin, Texas-based Vyopta, a developer of monitoring and analytics tools to optimize workplace collaboration, has secured $7.5 million in Series B funding. The investor was Elsewhere Partners.

Dataform nabs $2 mln

Dataform, a data pipeline management company, has secured $2 million in funding. The investors included LocalGlobe.

Wealth management platform d1g1t ups VC funding to $12 mln

Toronto-based enterprise wealth management platform d1g1t has secured an additional $3 million in financing, bringing its total funding to $12 million. The investment, made by U.K. venture capital firm Illuminate Financial Management, tops up d1g1t 's Series A round, announced last November. It was led by Canadian financial services firm Purpose Financial LP. Founded in 2017, d1g1t provides integrated technology that uses advanced analytics and risk management tools to help wealth management companies better advise and serve their clients. Led by CEO Dan Rosen, d1g1t will use the funds raised to accelerate product innovation and expand in the U.S. market.

FreshTracks Capital collects $5 mln for $25 mln-targeted growth fund

FreshTracks Capital has raised $5 million for its new growth fund, according to an SEC filing. The target is $25 million. The Vermont-based venture firm invests in Northern New England seed and early-stage entrepreneurial companies.

Stratasan attracts $26 mln

Nashville-based Stratasan LLC, a healthcare data analytics software provider, has secured $26 million in funding. Fulcrum Equity Partners led the round.