North America

Omnidian grabs $15 mln

Seattle-based Omnidian, a provider of residential and C&I solar system protection plans and performance guarantees, has secured $15 million in funding. IA Capital led the round.

Carbontech firm Inventys lands $10 mln

Vancouver, British Columbia-based Inventys, a carbontech company, has raised $10 million in funding. The investors were OGCI Climate Investments, BDC Cleantech Practice, Husky Energy, The Roda Group and Chevron Technology Ventures.

VC-backed Data Gumbo appoints chief commercial officer

Houston-based Data Gumbo Corp, a blockchain-as-a-service platform provider, has named Sergio A. Tuberquia as chief commercial officer. Prior to joining Data Gumbo, Tuberquia was founder and CEO of Equipcast. Data Gumbo's backers include Saudi Aramco Energy Ventures and Equinor Technology Ventures.

DTCP racks up $350 mln for second venture and growth fund

DTCP has closed its second venture and growth fund at $350 million. The fund's limited partners include Deutsche Telekom, HarbourVest Partners and Neuberger Berman. The fund will invest between $5 million and $50 million in enterprise SaaS companies.

Motorway drives off with Series A funding

UK-based Motorway, a used car marketplace, has raised 11 million pounds in Series A funding. Marchmont Ventures led the round.

Carbontech company Inventys wraps up Series C round at $34 mln

Vancouver-based carbon capture technology company Inventys has wrapped up its Series C financing, raising about $34 million (US$26 million). Inventys received an additional $13 million (US$10 million) from U.K.-based fund OGCI Climate Investments, which led the Series C's first tranche last year, and BDC Capital's clean technology practice, with existing investors Husky Energy Inc, Roda Group and Chevron Technology Ventures also contributing. The funds raised will allow Inventys to complete its 30-tonne-per-day CO₂ capture plant demonstration project with Husky, due to begin operations in Q3 2019. They will also support scale-up activities for the manufacturing of the company's filter beds and rotating adsorption machine.

Showpad raises $70 mln

Showpad said June 25 that it raised $70 million in Series D funding led by Dawn Capital and Insight Partners. Existing investor Hummingbird Ventures and new investor Korelya Capital also participated. Showpad provides sales enablement software.

Lumia Capital seeks second fund

iGan Partners gains exit with acquisition of Rhythm Xience

Canadian healthcare technology venture capital firm iGan Partners has exited its investment in Rhythm Xience, an Eden Prairie, Minnesota-based medical device company. The exit resulted from Rhythm's acquisition by Carlsbad, California's Acutus Medical, a venture capital-backed arrhythmia care provider. Founded in 2014, Rhythm designs, develops and makes solutions used in catheter-based cardiac rhythm management. Toronto-based iGan, which earlier this year closed its first fund, iGan Fund I, at $100 million, led Rhythm's last financing in 2018.

Icon Ventures leads Series C round for Button

Button, a mobile commerce platform, has raised $30 million in Series C funding. Icon Ventures led the round with participation from Capital One Ventures, Redpoint Ventures, Norwest Venture Partners and DCM Ventures. In addition to the funding, Jeb Miller, a general partner of Icon Ventures, will be joining Button's board of directors.