North America

CI to invest up to $1 mln in Invixium Access

Connecticut Innovations is investing up to $1 million in Toronto-based Invixium Access, a manufacturer of modern biometric solutions. CI has closed on the initial $665,000 tranche of the investment. The capital infusion will be used for software and data analytics development, sales and marketing, and expansion in the U.S. as well as personnel hiring.

Cala Health nabs $50 mln Series C

Burlingame, California-based Cala Health, Inc, a bioelectronic medicine company, has raised $50 million in Series C financing. The investors included Novartis, Baird Capital, LifeSci Venture Partners, TriVentures, Johnson & Johnson Innovation – JJDC, Inc, Lux Capital, Lightstone Ventures, Action Potential Venture Capital, dRx Capital and GV.

Sofinnova Partners closes medtech acceleration fund

Sofinnova Partners has raised 48 million euros for its new medtech acceleration fund, beating its target of 40 million euros. MD Start III's investors include Bpifrance, Medtronic, LivaNova, the European Investment Fund and Baxter Healthcare Corporation.

Sofinnova Partners closes medtech acceleration fund

Sofinnova Partners has raised 48 million euros for its new medtech acceleration fund, beating its target of 40 million euros. MD Start III's investors include Bpifrance, Medtronic, LivaNova, the European Investment Fund and Baxter Healthcare Corporation.

Ivalua raises $60 mln at $1 bln valuation

Redwood City, California-based Ivalua, a provider of global spend management cloud solutions, announced that it has raised $60 million in growth equity, valuing the company at more than $1 billion. Investors in the round include new investor Tiger Global Management and returning backer Ardian Growth.

Ivalua raises $60 mln at $1 bln valuation

Redwood City, California-based Ivalua, a provider of global spend management cloud solutions, announced that it has raised $60 million in growth equity, valuing the company at more than $1 billion. Investors in the round include new investor Tiger Global Management and returning backer Ardian Growth.

StandUp Ventures’ debut fund raises fresh capital, ups target to $25 mln

StandUp Ventures, part of a small but fast-growing group of Canadian women-focused venture firms, held the second close of its inaugural fund, raising $18 million. StandUp Ventures Fund I secured additional commitments from CIBC, Export Development Canada, Northleaf Venture Catalyst Fund II, RBC and Vancity, a news release said. The new limited partners joined BDC Capital, which helped anchor the fund’s launch in 2017. With the second close, Fund I surpassed its original goal of $15 million. The Toronto firm, overseen by MaRS Investment Accelerator Fund, is now targeting a final close of $25 million.

Generation raises $1 bln for third Sustainable Solutions Fund

Generation Investment Management announced the close of its $1 billion Generation IM Sustainable Solutions Fund III. The fund, the firm's third, focuses on growth-stage businesses with well-established technology and commercial traction in three areas: planetary health, people health, and financial inclusion.

Arris Composites rakes in $10 mln Series A

Arris Composites, a provider of next-gen composites for mass market applications, has raised $10 million in Series A funding. New Enterprise Associates led the round.

Arris Composites rakes in $10 mln Series A

Arris Composites, a provider of next-gen composites for mass market applications, has raised $10 million in Series A funding. New Enterprise Associates led the round.