Private Equity
MicroSintesis, a Charlottetown, Prince Edward Island-based developer of novel anti-infectives, has raised $16.4 million in financing. The investor was Northern Private Capital (NPC), an investment arm of CFFI Ventures, the holding company of Canadian billionaire John Risley. The deal gave NPC a minority stake. MicroSintesis has created a microbiome platform for developing products that support animal and human health and wellness. Last year, it launched its first commercial brands, Ygia and Nuvio, for Canada's pet and livestock markets. The company will use the funds raised for scaling-up production, increasing research capabilities, and global growth. Founded in 2011, MicroSintesis is led by President and CEO Hannah McIver.
4 min read · 26 June 2019
StockX said June 26 that it closed a $110 million series C round led by DST Global, General Atlantic, and GGV Capital. Current investors GV and Battery Ventures took part in the round. StockX also said it named Scott Cutler as CEO. Cutler succeeds co-founder Josh Luber, who will continue to serve on the executive leadership team and board of directors. StockX, of Detroit, provides a 'Stock Market of Things’. The platform allows consumers to buy and sell across four categories: sneakers, watches, handbags and streetwear.
6 min read · 26 June 2019
New York-based Climb Credit, a student lender, has raised $9.8 million in Series A financing. Third Prime and New Markets Venture Partners led the round with participation from other investors that included Acumen, Impact Engine, Two Culture Capital, Elizabeth Tse, 1/0 Capital, Learn Capital, Montage Ventures, Hill Hedge Funds and Michael Sidgmore.
1 min read · 26 June 2019
Get Spiffy Inc, an on-demand car care, technology, and services company, has raised over $10 million in funding. Tribeca Venture Partners led the round.
1 min read · 26 June 2019
San Francisco-based Tundra, which operates a zero-commission wholesale marketplace, raised a $12 million Series A round led by Redpoint Ventures. Background Capital, FJ Labs, Initialized Capital, Peterson Ventures and Switch Ventures also participated in the round. The company was founded by husband and wife Arnold and Katie Engel, former McKinsey consultants.
1 min read · 26 June 2019
BenchSci, a Toronto-based biomedical artificial intelligence (AI) technology company, has raised an undisclosed investment from Gradient Ventures, Google’s AI fund. The deal brings total funding to $27.2 million. BenchSci last year closed a Series A financing led by Inovia Capital and joined by Gradient, Golden Ventures, Afore Capital, Real Ventures and Radical Ventures. Founded in 2015, BenchSci develops technology that enables scientists to run more successful experiments to accelerate drug discovery. Its first product is an AI-assisted antibody selection platform. BenchSci will use the funds raised to expand its Toronto team and global sales force to meet demand from pharmaceutical companies.
5 min read · 25 June 2019
Car IQ, a provider of vehicle payment solutions, has raised $5 million in Series A funding. Quest Venture Partners led the round with participation from Avanta Ventures, Citi Ventures, Alpana Ventures, Plug and Play and AVG’s Spike Ventures.
1 min read · 25 June 2019
Sunnyvale, California-based Software Motor Company, a developer of an electric motor system, has raised $31.4 million in Series A-2 funding. The investors included JLL Spark and Meson Capital.
1 min read · 25 June 2019
Squire Technologies, a small business management platform serving the men’s grooming segment, has secured $8 million in Series A funding. Trinity Ventures led the round.
1 min read · 25 June 2019
1 min read · 25 June 2019
