Private Equity
Owl Labs, a video conferencing company, has raised $15 million in Series B funding. Spark Capital led the round with participation from return backers Matrix Partners and Playground Global.
1 min read · 17 April 2019
San Francisco-based Super, a subscription service that provides home care and repair, has secured $20 million in Series B funding. Aquiline Technology Growth led the round with participation from other investors that included Munich Re Ventures, Liberty Mutual Strategic Ventures, Moderne Ventures, 8VC, QIA and Solon Mack Capital.
1 min read · 17 April 2019
Houston-based Innovapptive, a connected workforce platform for asset intensive industries, has secured $16.3 million in Series A funding. Tiger Global Management LLC led the round.
1 min read · 17 April 2019
Verdemed Holdings Inc, a Toronto-based medical cannabis company, has raised about $17 million (US$12.7 million) of mostly equity and convertible debt financing. The funding came from unidentified private investors located in Latin America. Led by President and CEO José Bacellar, Verdemed aims to provide a wide range of cannabinoid-based medications to address unmet clinical needs in Latin American countries. The company will use the deal's proceeds to acquire production assets in Colombia and Brazil and develop its business plans in Chile and Mexico.
4 min read · 17 April 2019
Toronto-based financial technology company Lendified has secured $15 million in its latest financing. The round was led by WD Capital Markets and INFOR Financial. It included funding from CI Financial Corp, Windsor Private Capital LP, FirePower Capital and high-net-worth investors, such as Glenn Murphy, founder of FIS Holdings and former CEO of Gap and Shoppers Drug Mart. Founded in 2015 by CEO Troy Wright and President Kevin Clark, Lendified provides online loans to Canadian small businesses and an SaaS credit platform to North American financial institutions. The funds raised will support the company's growth strategy.
3 min read · 17 April 2019
PathAI said April 17 that it raised $60 million in Series B funding led by General Atlantic. General Catalyst invested in the round and other existing investors. PathAI, of Boston, provides artificial intelligence-powered technology for pathology.
4 min read · 17 April 2019
Verdemed Holdings Inc, a Canadian medical cannabis company that aims to improve the health of patients in Latin America, said April 16 that it raised $12.7 million in funding. The $12.7 million includes $650,000 in seed funding secured in late 2018, an initial capital installment of $6 million in convertible debt and a second installment of $6 million equity.
4 min read · 17 April 2019
Outreach said April 17 that it raised $114 million in a Series E financing round led by Lone Pine Capital. Participating in the round were Meritech Capital Partners and new investor Lemonade Capital, Allison Bhusri's investment fund. Existing investors DFJ Growth, Four Rivers Group, Mayfield, Microsoft Ventures, Sapphire Ventures, Spark Capital and Trinity Ventures also joined the round, bringing Outreach's total funding to date to $239 million. Outreach is a sales engagement platform.
4 min read · 17 April 2019
New York-based Chainalysis Inc, a provider of investigation and compliance solutions to combat against illicit cryptocurrency activities, has raised an undisclosed amount of funding. The investor was MUFG Innovation Partners Co. Ltd.
2 min read · 16 April 2019
Canopy Rivers has invested in High Beauty Inc, a Santa Rosa, California-based cannabis-infused beauty brand. Canopy subscribed for US$2.5 million of shares in the company, giving the investor an 18.4 percent interest. Founded in 2018, High Beauty is the creator of high, a skincare product formulated using cannabis sativa seed extracts in combination with other ingredients. The funds raised will support the development of a new product line. Canopy is the venture capital arm of Canadian cannabis producer Canopy Growth Corp.
3 min read · 16 April 2019
