North America

Strato Automation secures mezz financing from BDC Capital

Strato Automation, a Montréal-based maker of smart building control products, has raised mezzanine financing of $1 million from BDC Capital. BDC invested through its Growth and Transition Capital group. Founded in 2010 and led by President and CEO Pierre Samson, Strato designs devices allowing automated and centralized control of all heating, ventilation and air conditioning systems of buildings. In 2017, the company was acquired by a group of shareholders. The funds raised from BDC completes a second financing to accelerate the group's plan to further develop Strato's products and distribute them on a larger scale.

Viral Launch nabs $7.3 mln Series A

Indianapolis-based Viral Launch, a provider of software and services that enable private-label and major brands to sell successfully on Amazon, has secured $7.3 million in Series A funding. Tenfore Holdings led the round with participation from return backers Mentor’s Fund and UpOver Ventures.

ZeroNorth snags $10 mln Series A

Boston-based ZeroNorth, a provider of orchestrated risk management, has raised $10 million in Series A funding. ClearSky Ventures led the round with participation from Crosslink Capital, Rally Ventures and Petrillo Capital.

Gambit Ventures targets $10 mln for sophomore fund

Gambit Ventures is seeking to raise $10 million for its second fund, according to an SEC filing. The early-stage venture firm invests in companies in the New York City area.

Tray.io lands $50 mln Series B

San Francisco-based Tray.io, an automation platform, has raised $50 million in Series B funding, according to a blog post on its site. Spark Capital led the round with participation from Meritech, GGV, True Ventures and Mosaic.

FutureLearn inks funding

London-based FutureLearn, a social learning platform, has secured 50 million pounds in funding. The investor is SEEK Group.

Northpond Ventures leads Series E round for 908 Devices

Boston-based 908 Devices, a provider of analytical devices for chemical and biomolecular analysis, has secured $17.5 million in Series E funding. Northpond Ventures led the round. In addition to the funding, Northpond's Sharon Kedar, a co-founder and partner at the firm, will join 908 as a member of the board.

People management platform Lattice fetches $15 mln

San Francisco-based Lattice, a people management platform, has secured $15 million in funding. Shasta Ventures led the round with participation from other backers that included Thrive Capital, Khosla Ventures and Y Combinator.

Babel Health reels in $5 mln Series A

Babel Health, a provider of risk adjustment software and services to health plans, has raised $5 million in Series A funding. The investors included Draper Triangle Ventures.

Mistral Venture Partners joins Ceipal's $7.5 mln growth round

Ceipal Corp, a Rochester, New York-based cloud human resource management platform, has raised US$7.5 million in its latest financing. U.S. growth equity firm Resolve Growth Partners backed the deal, as did Canadian early-stage venture capital firm Mistral Venture Partners, an existing investor. Founded in 2015, Ceipal provides a software-as-a-service platform that automates front- and back-office business operations of staffing companies. It serves more than 1,000 customers and 12,000 recruiters globally. The funds raised will be used to scale Ceipal's product development, sales and support teams.