North America

Proptech company Parity lands $5 mln in ArcTern-led Series A

Toronto-based property technology company ParityGo Inc has secured $5 million in a Series A financing. The round was led by Canadian clean technology venture capital firm ArcTern Ventures. Parity has developed an energy management system that controls existing heating, ventilation and air conditioning equipment using cloud-based artificial intelligence. The system enables energy savings for condos and other multi-residential buildings. Founded in 2015 by CEO Brad Pilgrim and COO Brian MacLeod, Parity will use the funds raised to expand into the U.S. market. Parity is the first deal of ArcTern Ventures Fund II, which last October raised an initial $60 million.

TransitScreen nets $3 mln

Washington, D.C.-based TransitScreen, a provider of real-time transportation information software, has raised $3 million in funding. The investor was TIMIA Capital.

Pluralsight to buy VC-backed GitPrime for $170 mln

Pluralsight Inc has agreed to acquire GitPrime, a developer productivity platform, for $170 million. The deal is expected to close the week of May 6, 2019. GitPrime's backers include OpenView and Data Collective.

VC-backed TransMedics debuts IPO

Andover, Massachusetts-based TransMedics, a medical technology company, has raised over $91 million for its IPO after pricing its nearly 5.7 million shares at $16 per share. The stock began trading May 2, 2019 on the NASDAQ under the ticker symbol "TMDX." Morgan Stanley and J.P. Morgan are the lead underwriters. The company's pre-IPO backers include Flagship Pioneering and Kleiner Perkins.

CirrusMD locks in $15 mln Series B

Denver-based CirrusMD, a chat-first virtual care solution, has raised $15 million in Series B funding. The investors included Drive Capital and Colorado Impact Fund.

PeopleGrove scores $4.7 mln Series A

PeopleGrove, an online platform that connects students with alumni and mentors before, during, and after university, has secured $4.7 million in Series A financing. Reach Capital led the round with participation from Bisk Ventures, Collaborative Fund, GSV Acceleration, Launch Capital, Riverpark Ventures and University Ventures.

Intellimize nabs $8 mln Series A

San Mateo, California-based Intellimize, an AI-based website personalization company, has secured $8 million in Series A funding. Amplify Partners led the round.

Indio Technologies snags $20 mln Series B in Menlo Ventures-led round

Indio Technologies, an insurance technology company, has secured $20 million in Series B funding. Menlo Ventures led the round with participation from 8VC.

Awair picks up $10 mln Series B

San Francisco and South Korea-based Awair, a provider of intelligent air quality monitors, has raised $10 million in Series B funding. The Westly Group led the round with participation from Altos Ventures, Emerson Electric, iRobot and Nuovo Capital.

Toyota AI Ventures unveils $100 mln fund

Toyota AI Ventures, a subsidiary of Toyota Research Institute, has launched a $100 million fund focused on investing in early-stage startups in autonomous mobility and robotics. Founded in July 2017, Toyota AI Ventures has invested in 19 startups.