North America

KeepTruckin raises $149 mln

KeepTruckin said April 23 that it raised $149 million in a Series D investment led by Greenoaks Capital. Existing investors IVP, GV, Index Ventures and Scale Venture Partners participated in the round. KeepTruckin provides fleet management solutions to connect trucks.

Next Coast Ventures targets $150 mln for sophomore fund

Next Coast Ventures is seeking to raise $150 million for its second fund, according to an SEC filing. The Austin-based venture firm invests in tech companies.

Space Capital has raised almost $15 mln towards debut $50 mln fund

CI Security lands $9.6 mln

Seattle-based CI Security, a provider of managed detection and response solutions, as well as professional services, has raised $9.6 million in funding. East Seattle Partners led the round.

BlockGen Corp picks up Series A funding

BlockGen Corp, a newly formed holding company for LendGenuity and Block+Sovrin, has raised an undisclosed amount of Series A funding. Cavatina Capital LLC led the round with participation from Charterhouse Strategic Partners. LendGenuity is a tech software provider for the U.S. mortgage industry while Block+Sorvin is a mortgage blockchain provider.

Drive Capital raises $558 mln for two venture funds

Drive Capital has raised $558 million for two venture-capital funds, according to filings with the SEC.

Ecotagious secures working capital with backing of EDC

Ecotagious, a Vancouver-based energy analytics and home energy management company, has secured undisclosed working capital. The financing was facilitated by the export guarantee program of Export Development Canada (EDC). EDC partnered in the deal with BMO and First West Capital. Founded in 2010 and led by CEO Bruce Townson, Ecotagious provides a software-as-a-service platform that helps utilities give appliance-level feedback and insights to customers. The funds raised will allow the company to scale and deliver on new contracts.

Career resource site Zippia inks $8.5 mln Series A

Zippia, a career resource site, has secured $8.5 million in Series A funding. E.ventures led the round with participation from other investors that included MHS Capital, NextView Ventures and Correlation Ventures. In addition to the funding, Thomas Gieselmann of E.ventures will be joining Zippia's board of directors.

Sofinnova hires Maha Katabi as partner, will open Montréal office

Silicon Valley biotechnology investment firm Sofinnova Investments has hired Maha Katabi as a partner. Katabi, who has worked as a Canadian venture capital and public equities professional for more than 18 years, joined from Oxalis Capital, an innovative therapeutics investor she founded in 2018. Previously, she was a partner at Sectoral Asset Management, a vice president at Ventures West Management and an associate at T2C2 Capital. With Katabi’s hire, Sofinnova said it will open an office in Montréal, enabling the firm to work more closely with companies based in the Eastern United States, Europe and Canada.

VC-backed Fastly files to go public

San Francisco-based Fastly Inc, an edge cloud provider, has filed for an IPO. The number of shares that will be sold as well as its pricing terms have yet to be set. Fastly plans on listing the stock on the New York Stock Exchange under the ticker symbol "FSLY." BofA Merrill Lynch, Citigroup and Credit Suisse will serve as the lead underwriters. Fastly's backers include Deutsche Telekom Capital Partners, Sozo Ventures, Sorenson Capital and Swisscom Ventures.