North America

VC-backed EarlySense taps Johnson as CEO

Israel and Massachusetts-based EarlySense, a provider of continuous monitoring solutions for the healthcare continuum, has named Matt Johnson as CEO. He succeeds Avner Haperin, the company-co-founder and founding CEO who has led EarlySense since its 2004 launch. Johnson is a former managing director at Sowell & Co. EarlySense's backers include Hill-Rom, Wells Fargo Strategic Capital, BlueRed Capital, Israel Innovation Fund, Argos Capital, Hotung Capital, Pitango Venture Capital and JK&B Venture Capital.

Armory Square Ventures gathers $31 mln for sophomore fund

Armory Square Ventures has raised $31 million for its second fund, according to an SEC filing. No target was listed in the document. Armory Square Ventures is a seed and early-stage venture firm based in Syracuse, New York and New York City.

Payfone amasses $24 mln

New York and Colorado-based Payfone, a digital identity authentication network, has raised $24 million in funding. TransUnion led the round with participation from Synchrony, MassMutual Ventures and Wellington Management LLP.

Industry Ventures receives minority investment from Goldman Sachs Asset Management’s Petershill Program

Industry Ventures said it received a minority investment from the Goldman Sachs Asset Management Petershill program. The size of the investment was not disclosed.

AmorChem backs Sherbrooke antibiotic molecules project

Canadian life sciences venture capital firm AmorChem has made an undisclosed investment in a project to optimize antibiotic molecules developed at the Université de Sherbrooke. The project is based on research by François Malouin and Éric Marsault on tomatidine, a natural product with antibiotic properties that could potentially treat infections, including infections of cystic fibrosis patients. The deal is AmorChem's first with the Québec university. AmorChem is currently investing from its second seed-stage fund, AmorChem II Fund, launched in 2017 with the backing of Fondaction, Fonds de solidarité FTQ, Merck and others.

AI platform Moveworks rallies $30 mln Series A

California-based Moveworks, an artificial intelligence platform, has raised $30 million in Series A funding. The investors were Bain Capital Ventures and Lightspeed Venture Partners.

AllyAlign Health reels in $10 mln

Richmond, Virginia-based AllyAlign Health, a developer and administrator of Medicare Advantage special need plans that benefit long-term care providers, has secured $10 million in funding. McKesson Ventures led the round with participation from Heritage Healthcare Innovation Fund, Health Enterprise Partners and the LinkAge Fund.

Software procures $7 mln

Software, a data platform built by developers for developers, has secured $7 million in financing. 8VC and Next47 led the round.

Bev fetches $7 mln in Founders Fund-led round

California-based Bev, a beverage company, has secured $7 million in funding. Founders Fund was the lead backer.

Corporate tax prep service Pilot snaps up $40 mln

San Francisco-based Pilot, a corporate tax preparation service, has raised $40 million in funding, according to a blog post on its site. Index Ventures led the round with participation from Stripe.