North America

NEA leads Series C round for Divvy

Utah-based Divvy, a modern payment and expense management platform for business, has raised $200 million in Series C financing. New Enterprise Associates led the round with participation from return backers Pelion Venture Partners and Insight Venture Partners.

Phoenix Energy Technologies grabs funding

Phoenix Energy Technologies, an IOT business intelligence analytics company, has raised an undisclosed amount of funding. Spring Lake Equity Partners and Energy Innovation Capital led the round.

UiPath racks up $568 mln Series D

UiPath, a robotic process automation software company, has raised $568 million in Series D funding. Coatue led the round with participation from other investors that included Dragoneer, Wellington, Sands Capital, T. Rowe Price Associates, Accel, CapitalG, Sequoia, IVP and Madrona Venture Group.

SpeQtral lands $1.9 mln seed

SpeQtral, a builder of space-based quantum communication systems, has raised $1.9 million in seed funding. Space Capital led the round.

Ninepoint Partners joins Finitive's $6 mln seed financing

Finitive, a New York-based financial technology platform, has raised about US$6 million in a seed-stage financing. The round was led by Atomic Labs and joined by other investors, including Ninepoint Partners, a Canadian private credit fund manager. Founded in 2017, Finitive provides institutional investors with access to alternative lending investments, including specialty finance, online lending, marketplace lending and private credit funds. Finitive will use the funds raised to develop its platform through machine learning, artificial intelligence, workflow automation and data analytics initiatives.

VC-backed SMS Assist names CEO

Chicago-based SMS Assist, a facilities management technology company, has appointed Marc Shiffman as CEO. SMS Assist's backers include Pritzker Group Venture Capital, Huizenga Capital Management, Insight Venture Partners and Goldman Sachs Investment Partners.

Spa and beauty brand milk + honey scores funding

Texas-based spa and beauty brand milk + honey has secured an undisclosed amount of funding. The investors included Emil Capital Partners and Keller Capital.

Specright procures $8.8 mln Series A

Irvine, California-based Specright Inc, a software company that enables customers to control critical supply chain specifications, has raised $8.8 million in Series A funding. Pritzker Group Venture Capital led the round with participation from return backers Okapi Venture Capital, Fika Ventures and Mucker Capital.

A Cloud Guru grabs $33 mln in Summit Partners-led round

A Cloud Guru, a learning and talent development platform for cloud computing, has secured $33 million in funding. Summit Partners led the round with participation from AirTree Ventures and Elephant.

CIBC provides Whitecap's Fund IV with capital call facility

CIBC Innovation Banking has provided a capital call facility to the fourth early-stage technology fund of Canadian venture capital firm Whitecap Venture Partners. Terms weren't disclosed for the facility, which allows Whitecap IV to make investments in portfolio companies prior to calling capital from the fund's limited partners. Earlier this year, Toronto-based Whitecap initially closed Whitecap IV, securing most of its $125 million target. CIBC Innovation Banking is the technology lending arm of Canadian bank CIBC.