North America

Proptech company Lane raises $2.5 mln in financing: REW

Lane, a Toronto-based property technology company, has raised $2.5 million in financing, according to Real Estate Weekly and other media sources. The round was backed by Alate Partners, Panache Ventures and Colliers Proptech Accelerator, managed by Techstars. Founded in 2014 by CEO Clint Robinson and CPO Kofi Gyekye, Lane provides tenant engagement solutions geared to commercial office buildings. It will use the funds raised for new hires and U.S. market expansion, Real Estate Weekly said. Alate, a Toronto-based strategic property technology platform, was launched last November with a $40 million seed-stage financing backed by Dream Unlimited and Relay Ventures.

USVP racks up over $292 mln for twelfth fund

U.S. Venture Partners has raised over $292 million for its twelfth fund, according to an SEC filing. The target is $350 million. Based in Menlo Park, California, the venture firm invests in technology and healthcare.

Insurance tech startup OneDegree rakes in over $30 mln

Hong Kong-based OneDegree, an insurance tech startup, has raised over $30 million in funding. BitRock Capital led the round with participation from other investors that included Cyberport Macro Fund and Cathay Venture.

Grain snags $10 mln Series B

Grain, an online food company, has raised $10 million Series B funding. Singha Ventures led the round with participation from other investors that included Genesis Alternative Ventures, Sass Corp, K2 Global, FoodXervices, Majuven, Openspace Ventures, Raging Bull and Cento Ventures.

Kairos Ventures leads $6 mln round for Integra Devices

California-based Integra Devices, a next-generation micro-device company, has secured $6 million in funding. Kairos Ventures led the round.

Understory procures $5.25 mln Series B

Understory, a weather network and analytics company, has secured $5.25 million in Series B funding. True Ventures led the round with participation from 4490 Ventures and Revolution’s Rise of the Rest Seed Fund.

Overhaul Group pulls in $7 mln

Overhaul Group Inc, a supply chain integrity solutions provider, has secured $7 million in funding. The investors included Abbey International Finance.

Espresso Capital provides $2.5 credit facility to Thentia

Thentia, a Toronto-based provider of regulatory and compliance software, has secured an up-sized $2.5 million debt facility. The funding came from Espresso Capital, a Canadian lender to growth-stage technology companies. It follows a non-disclosed venture debt financing provided last September. Founded in 2014 and led by CEO Julian Cardarelli, Thentia offers database technology designed for regulatory bodies, licensing boards and private businesses to help them streamline operations in regulation, compliance and governance. It will use the facility's proceeds for continued growth and entering into new markets.

Edtech company Kahoot acquires DragonBox

Edtech company Kahoot said it acquired DragonBox, a Norwegian maker of math apps.

Franklin Templeton raises $70.4 for Franklin Blackhorse VC fund

Franklin Templeton has raised $70.4 million toward its Franklin Blackhorse venture-capital fund, according to a filing with the SEC.