North America

Oak HC/FT taps former Venmo COO Vaughan as EIR

Growth-equity investor Oak HC/FT announced it added Michael Vaughan as an Executive-in-Residence to help develop and advise new fintech businesses. Vaughan formerly was COO of Venmo, where he worked for eight years, leading the company with its Series A round in 2011 through acquisitions to Braintree and then to PayPal.

Auto prognostic startup Pitstop raises $1.5 mln in seed funding

Toronto-based automotive prognostic platform Pitstop has raised $1.5 million in a seed-stage financing. Ripple Ventures, a Canadian early-stage venture capital firm, led the round. It was joined by WorldQuant Ventures, Hike Ventures, OCE and Michael Castellarin, managing director of Clairvest Group. Founded in 2015 by CEO Shiva Bhardwaj, Pitstop provides a cloud-based platform that helps customers to understand and leverage the data available from their automotive assets. Along with the round, Pitstop announced a pilot test program with Germany's Continental AG to deliver connected car prognostics and remote vehicle diagnostics to the automotive aftermarket.

AllegisCyber received commitments for $199 mln towards a second Cyber Innovation Partners fund

Energize Ventures backs Sitetracker

Sitetracker has secured an investment from Energize Ventures, extending the company's Series B financing to $34 million. Sitetracker is a project, asset and work management platform for critical infrastructure companies.

Energize Ventures backs Sitetracker

Sitetracker has secured an investment from Energize Ventures, extending the company's Series B financing to $34 million. Sitetracker is a project, asset and work management platform for critical infrastructure companies.

Consumer warranty startup Upsie secures $5 mln

Minneapolis-based Upsie, a consumer warranty startup, has raised $5 million in funding. True Ventures led the round.

Personal finance company SoFi reels in over $500 mln

SoFi, a personal finance company, has secured over $500 million in funding. Qatar Investment Authority was the lead investor.

Personal finance company SoFi reels in over $500 mln

SoFi, a personal finance company, has secured over $500 million in funding. Qatar Investment Authority was the lead investor.

MetaProp to raise a $100 mln third fund

MetaProp has set out to raise a $100 million third investment fund, according to a filing with the SEC.

Bedrock Capital targets $15 mln for entrepreneurs fund

Bedrock Capital is seeking to raise $15 million for its second entrepreneurs fund, according to an SEC filing. The New York City-based early-stage venture firm was co-founded by Geoff Lewis, formerly of Founders Fund and Eric Stromberg, formerly of Google.