North America

Altoida rallies $6.3 mln in M Ventures-led round

Altoida, a health tech firm, has secured $6.3 million in Series A funding. M Ventures led the round.

Electronic glasses maker eSight raises $10 mln, picks new CEO

Toronto-based electronic glasses maker eSight has raised a debenture financing of $10 million. The investors were not identified. BetaKit reported the deal was led by Canadian healthcare technology venture capital firm iGan Partners. The company's other backers include MaRS Investment Accelerator Fund. The funds raised will be used by eSight to support technology development and global expansion. Along with the financing, eSight announced the promotion of former telecommunications executive Kevin Banderk to CEO. Launched in 2015, eSight makes electronic glasses with enhanced vision technology to improve sight and mobility for the visually impaired.

Pantheon buys VC-backed StagingPilot

Pantheon has acquired StagingPilot, a provider of website update automation solutions. No financial terms were disclosed. Pantheon is backed by Sageview Capital, Foundry Group, Scale Venture Partners and Industry Ventures.

Pantheon buys VC-backed StagingPilot

Pantheon has acquired StagingPilot, a provider of website update automation solutions. No financial terms were disclosed. Pantheon is backed by Sageview Capital, Foundry Group, Scale Venture Partners and Industry Ventures.

EIP backs Swimlane

Denver-based Swimlane, a security orchestration, automation and response vendor, has secured $23 million in Series B financing. The investor was Energy Impact Partners.

EIP backs Swimlane

Denver-based Swimlane, a security orchestration, automation and response vendor, has secured $23 million in Series B financing. The investor was Energy Impact Partners.

Two Small Fish Ventures initially closes second fund at $9 mln

Canadian venture capital firm Two Small Fish Ventures has initially closed its second early-stage fund, securing $9 million in committed capital. Fund II, targeted to raise $15 million in total, was backed in the first close by high-net-worth individuals, family offices and institutional investors. Toronto-based Two Small Fish was founded in 2014 by Managing Director Eva Lau, a former executive at Canadian storytelling app Wattpad, and Advisor Allen Lau, Wattpad's CEO. The firm invests in a range of early-stage internet companies able to create large-scale network effects. To date, it has backed some 22 companies.

Palo Alto Networks to buy two security firms

Cybersecurity firm Palo Alto Networks has agreed to acquire Twistlock, a provider of container security solutions, for $410 million. Also, Palo Alto will buy PureSec, a provider of severless security, for an undisclosed sum. Twistlock is backed by Iconiq Capital, YL Ventures, TenEleven, Rally Ventures, Polaris Partners and Dell Technologies Capital while PureSec is backed by Square Peg Capital, Entree Capital and TLV Partners.

Pico pulls in $4.5 mln seed

Pico, a provider of audience relationship management solutions, has secured $4.5 million in seed financing, according to an announcement on its site. Precursor Ventures and Stripe led the round. In addition to the funding, Charles Hudson, a managing partner at Precursor Ventures, has been added to Pico's board of directors.

XStream Trucking takes in $10.5 mln Series A

Redwood City, California-based XStream Trucking, a design and engineering company focused on connected hardware for the commercial vehicle industry, has secured $10.5 million in Series A funding. Autotech Ventures and CalibrateVentures led the round.