Private Equity
Venture capital funds put $1 billion to work in 142 Canadian technology deals in the first quarter of 2019, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). CVCA said Q1 2019 marked the fifth billion-dollar quarter in Canada since 2013 and saw 48 percent more dollars invested than in Q1 2018. The report found seven mega-rounds ($50 million-plus) during January through March, which accounted for 57 percent of the total invested. Information and communication technology companies captured 59 percent of VC invested in Q1 2019, followed by clean technology companies, which took 19 percent. Late-stage companies secured 47 percent, the largest share since 2014.
4 min read · 28 May 2019
Flagship Pioneering has made four executive partners. They are Dr. Robert Berendes, Ron Hovsepian, Theo Melas Kyriazi and Dr. John Mendlein.
5 min read · 28 May 2019
Flagship Pioneering has made four executive partners. They are Dr. Robert Berendes, Ron Hovsepian, Theo Melas Kyriazi and Dr. John Mendlein.
5 min read · 28 May 2019
UK-based SeedLegals, a legal platform for startups, has secured $4 million in Series A funding. Index Ventures led the round with participation from Kima Ventures, The Family and Seedcamp.
3 min read · 28 May 2019
Upland Software Inc has acquired Boulder, Colorado-based Kapost, an operations platform provider for sales and marketing. The purchase price was $45 million. AGC Partners was financial adviser to Kapost on the transaction. Kapost was backed by Access Venture Partners, Cue Ball Capital, Iron Gate Capital, Salesforce Ventures, Lead Edge Capital and High Country Ventures.
4 min read · 28 May 2019
Upland Software Inc has acquired Boulder, Colorado-based Kapost, an operations platform provider for sales and marketing. The purchase price was $45 million. AGC Partners was financial adviser to Kapost on the transaction. Kapost was backed by Access Venture Partners, Cue Ball Capital, Iron Gate Capital, Salesforce Ventures, Lead Edge Capital and High Country Ventures.
4 min read · 28 May 2019
Absorb Software has acquired Torch LMS, a Lehi, Utah-based software-as-a-service learning management system provider. No financial terms were disclosed. Absorb, a Calgary-based learning technology company, said the acquisition is the first of several it expects to make in the global market with the backing of Silversmith Capital Partners. Silversmith, a U.S. growth equity firm, led Absorb's $59 million financing in 2017. Founded in 2002 and led by CEO Mike Owens, Absorb is the maker of Absorb LMS, a system for businesses, higher education, government and non-profit agencies, and the newly introduced Absorb Infuse.
3 min read · 28 May 2019
Absorb Software has acquired Torch LMS, a Lehi, Utah-based software-as-a-service learning management system provider. No financial terms were disclosed. Absorb, a Calgary-based learning technology company, said the acquisition is the first of several it expects to make in the global market with the backing of Silversmith Capital Partners. Silversmith, a U.S. growth equity firm, led Absorb's $59 million financing in 2017. Founded in 2002 and led by CEO Mike Owens, Absorb is the maker of Absorb LMS, a system for businesses, higher education, government and non-profit agencies, and the newly introduced Absorb Infuse.
3 min read · 28 May 2019
San Jose, California-based JetStream Software Inc, a provider of cloud data protection solutions, has raised $7.7 million in Series A funding. Digital Alpha Advisors led the round with participation from Illuminate Ventures.
1 min read · 28 May 2019
Brooklyn, New York-based Chronograph, a provider of portfolio monitoring and reporting solutions for institutional private capital investors, has secured an undisclosed amount of Series A financing. AlpInvest Partners, an affiliate of The Carlyle Group, led the round with participation from Nasdaq Ventures.
4 min read · 28 May 2019
