North America

Algorithmia snaps up $25 mln Series B

Seattle-based Algorithmia, an open marketplace for algorithms, has raised $25 million in Series B funding. Norwest Venture Partners led the round with participation from Madrona, Gradient Ventures, Work-Bench, Osage University Partners and Rakuten Ventures. In addition to the funding, Rama Sekhar, a partner at Norwest, has joined Algorithmia’s board of directors.

Early-stage VC Defy adds Brian Rothenberg as partner

Early-stage investor Defy Partners, which recently raised $262 million for its second fund, has tapped former Eventbrite exec Brian Rothenberg as a partner. He joins Co-Founders and Managing Directors Neil Sequeira and Trae Vassallo, who launched the firm in late 2017.

Early-stage VC Defy adds Brian Rothenberg as partner

Early-stage investor Defy Partners, which recently raised $262 million for its second fund, has tapped former Eventbrite exec Brian Rothenberg as a partner. He joins Co-Founders and Managing Directors Neil Sequeira and Trae Vassallo, who launched the firm in late 2017.

CinCor Pharma picks up $50 mln Series A

CinCor Pharma, a biopharmaceutical company, has secured $50 million in Series A funding. Sofinnova Investments led the round.

BDC Capital provides mezz funding to venture-backed Nicoya

BDC Capital has provided undisclosed mezzanine financing to Nicoya Lifesciences Inc, a Kitchener, Ontario-based nanotechnology company. The funding is part of a $7.7 million investment in Nicoya that is also backed by FedDev Ontario. BDC invested through its Growth & Transition Capital group. The funds raised will allow Nicoya to develop and market a new version of its flagship product, OpenSPR, a biosensor platform that supports biotechnology and pharmaceutical research applications, and meet demand. Last year, Nicoya closed a $2 million financing led by Ripple Ventures and Golden Triangle Angel Network. BDC also invested in the round.

BDC Capital provides mezz funding to venture-backed Nicoya

BDC Capital has provided undisclosed mezzanine financing to Nicoya Lifesciences Inc, a Kitchener, Ontario-based nanotechnology company. The funding is part of a $7.7 million investment in Nicoya that is also backed by FedDev Ontario. BDC invested through its Growth & Transition Capital group. The funds raised will allow Nicoya to develop and market a new version of its flagship product, OpenSPR, a biosensor platform that supports biotechnology and pharmaceutical research applications, and meet demand. Last year, Nicoya closed a $2 million financing led by Ripple Ventures and Golden Triangle Angel Network. BDC also invested in the round.

Neutral underwear brand TomboyX amasses Series B

Seattle-based gender neutral underwear brand TomboyX has secured Series B funding, according to a source familiar with the transaction. Craftory led the round. In conjunction with the funding, Pauline Brown of TAU Investment Management has been added to TomboyX's board of directors. UPDATE: Craftory invested a total of $18 million in TomboyX as both part of the Series B round and in additional investments.

Webscale pulls in $14 mln Series B

Sunnyvale, California-based Webscale, a provider of converged software for hyperscale cloud automation, has secured $14 million in Series B financing. Mohr Davidow Ventures led the round with participation from Benhamou Global Ventures and Grotech Ventures.

Webscale pulls in $14 mln Series B

Sunnyvale, California-based Webscale, a provider of converged software for hyperscale cloud automation, has secured $14 million in Series B financing. Mohr Davidow Ventures led the round with participation from Benhamou Global Ventures and Grotech Ventures.

Cynora procures $25 mln Series C

Germany-based Cynora, an OLED materials company, has secured $25 million in Series C financing. The investors included SRF Partners Group LLC, DBOLED LLC, SBI Cross-Border Advantage Fund, MIG Funds and Wecken & Cie.