North America

Slow Ventures collects $220 mln for two funds

Slow Ventures has raised $220 million for two funds, according to a Medium blog post. The firm's fourth seed fund Slow IV has secured $165 million while its inaugural opportunity fund Slow Opportunity I raised $55 million. Based in San Francisco, the venture firm invests in the tech sector.

Small biz bookkeeping platform Back Office grabs $1.8 mln seed

Florida and California-based Back Office, an automated bookkeeping platform for small businesses, has raised $1.8 million in seed funding. Active Capital led the round with participation from other investors that included 500 Fintech and PlugNPlay Ventures.

HiMama secures C$7.25 mln in Round 13-led Series A round

Toronto-based early childhood technology startup HiMama has raised C$7.25 million in a Series A financing. The round was led by Canadian growth-stage venture capital firm Round 13 Capital. Round 13 Managing Partner Bruce Croxon will join the board. Founded in 2013 by CEO Ron Spreeuwenberg and CTO Alana Frome, HiMama provides technology that helps child care directors and owners empower their staff, support parents, improve learning outcomes, and grow their business.

Accel leads Series A round for Rasa

San Francisco-based Rasa, an open source company that enables developers to build contextual AI assistants, has secured $13 million in Series A funding. Accel led the round with participation from other investors that included Basis Set Ventures.

Flyreel nabs $3.85 mln

Denver-based Flyreel, a provider of artificial intelligence solutions for property insurance, has raised $3.85 million in funding. Gradient Ventures, Google's AI-focused venture fund, led the round.

Enterprise IoT security company Armis picks up $65 mln Series C

Palo Alto, California-based Armis, an enterprise IoT security company, has raised $65 million in Series C funding. Sequoia Capital led the round with participation from Insight Venture Partners, Intermountain Ventures, Bain Capital Ventures, Red Dot Capital Partners and Tenaya Capital. In addition to the funding, Carl Eschenbach, a partner at Sequoia, joined the Armis board of directors.

Cultivate(MD) backs HAPPE Spine

Grand Rapids, Michigan-based HAPPE Spine, a provider of PEEK interbody implants, has raised an undisclosed amount of funding. The investor was cultivate(MD).

FINCAD secures $16 mln in Vistara-led growth financing

FINCAD, a Vancouver-based provider of enterprise solutions for derivative and fixed income portfolios, has raised about $16 million (US$12 million) in financing. The deal was led by Canadian technology growth capital firm Vistara Capital Partners, with a senior bank facility provided by CIBC Innovation Banking, the technology lending arm of CIBC. Vistara Managing Partner Randy Garg will become a board observer. FINCAD, led by President and CEO Bob Park, will use the funds raised to grow its F3 enterprise analytics platform, which supports modelling, pricing, valuation and risk management of portfolios in all asset classes.

Embark Veterinary fetches $10 mln Series A

Boston-based Embark Veterinary Inc, a dog genetics company, has raised $10 million in Series A funding. F-Prime Capital led the round with participation from return backers including Slow Ventures, Section 32, Third Kind Venture Capital, Freestyle Capital, FJ Labs and Anne Wojciciki, CEO of 23andme.

Affectiva lands $26 mln

Boston, Massachusetts-based Affectiva, a provider of emotion recognition software, has raised $26 million in funding. Aptiv PLC led the round with participation from Trend Forward Capital, Motley Fool Ventures and CAC.