Private Equity
Tenderd, a heavy equipment rental marketplace, has secured $5.8 million in seed funding. The lead investors were Y Combinator and BECO.
1 min read · 11 June 2019
CloudBees has acquired Rollout, a provider of software for developers and product teams. No financial terms were disclosed. CloudBees is backed by Matrix Partners, Lightspeed Venture Partners, Verizon Ventures, Delta-v Capital, Golub Capital and Unusual Ventures.
4 min read · 11 June 2019
ReViral Ltd, a developer of novel, antiviral compounds that target respiratory syncytial virus, has named Alex C. Sapir as CEO. Sapir is the former president and CEO of Dova Pharmaceuticals. ReViral is backed by New Leaf Venture Partners, Novo Ventures, Perceptive Advisors, Andera Partners, OrbiMed and Brace Pharma Capital.
4 min read · 11 June 2019
RapidAPI, an API marketplace, has raised $25 million in Series B financing. M12 led the round with participation from DNS Capital, Andreessen Horowitz and Green Bay Capital.
1 min read · 11 June 2019
Userful Corp, a Calgary-based provider of enterprise visual communication solutions, has raised a first-time financing. The undisclosed round was led by Accelerate Fund II, an Alberta early-stage angel co-investment fund managed by Yaletown Partners. It was joined by The A100, an Alberta network of technology entrepreneurs. Userful provides a visual networking platform that enables information technology teams to display content from any source on any screen at any time for communication and collaboration. To date, its solutions have been deployed on more than 1 million screens in over 100 countries. Founded in 2003, Userful is led by CEO John Marshall.
4 min read · 11 June 2019
H&R Block Inc (NYSE: HRB) has agreed to acquire Wave Financial, a Toronto-based provider of financial management software to small businesses. The deal, expected to close in the next few months, will see H&R Block pay about $537 million (US$405 million) in cash. Founded in 2010 and led by CEO Kirk Simpson, Wave provides accounting, invoicing, payroll and payments solutions, as well as bookkeeping services, to more than 400,000 small businesses every month. H&R Block, a Kansas City, Missouri-based tax preparation business, said the deal will enhance its position in the small business market. Wave has raised more than $100 million in venture capital financing, including a $32 million round closed in 2017.
5 min read · 11 June 2019
Scoutbee said June 11 that it raised $12 million in a funding round that included prior investors. Scoutbee provides an AI-driven supplier discovery suite.
4 min read · 11 June 2019
Diagram Ventures has raised $55 million in the close of its second fund, earmarked for creating and investing in early-stage companies focused on innovation in the financial and insurance sectors. Fund II exceeded its $50 million target with the help of anchor investor Portag3 Ventures, which is backed by Canadian holding company Power Corp. It was joined by 75 angel investors, including Andreessen Horowitz General Partner Angela Strange and former U.S. Ambassador Bruce Heyman, as well as family offices. Led by CEO François Lafortune, Montréal-based Diagram also announced the hire of Hamnett Hill as a partner. Hill, a serial entrepreneur, co-founded Smooch Technologies, acquired last month by Zendesk.
5 min read · 11 June 2019
1 min read · 10 June 2019
London-based MORI, creator of clothing for babies and toddlers, has secured over 4 million pounds in Series A funding. Guinness Asset Management led the round with participation from other investors that included JOBI Capital and 500 Startups.
4 min read · 10 June 2019
