North America

Diameter Health picks up $9.6 mln in Optum Ventures-led round

Farmington, Connecticut-based Diameter Health, a provider of clinical data integration solutions, has raised $9.6 million in Series A-1 funding. Optum Ventures led the round with participation from Activate Venture Partners, Connecticut Innovations, Excelerate Health Ventures and LRV Health.

EdiGene snags $15 mln Series B

EdiGene, an emerging biotechnology company focused on treating genetic disorders, has raised $15 million in Series B funding. The investors included UTokyo Innovation Platform, SBI Investment, Fast Track Initiative, SMBC Venture Capital, Mizuho Capital and CareNet Group.

Biotech firm Cullgen lands $16 mln Series A

San Diego-based Cullgen Inc, a biotechnology company, has secured $16 million in Series A financing. The investors were Sequoia Capital China and Highlight Capital.

Shasta Ventures targets $325 mln for sixth fund: Updated

Shasta Ventures is seeking to raise $325 million for its sixth fund, according to an SEC filing. Based in Menlo Park, California, Shasta invests in enterprise and technology consumer startups.

CleverTap scores $26 mln Series B

CleverTap, a customer lifecycle management platform, has secured $26 million in Series B funding. Sequoia India led the round with participation from Tiger Global Management and Accel.

AfricInvest and Cathay Capital launch Pan-African venture fund

AfricInvest and Cathay Capital have teamed up to form Cathay Africinvest Innovation Fund, a Pan-African venture fund. The fund's target is 150 million euros (about $168 million).

Defy Partners wraps up sophomore fund at $262 mln

Defy Partners has closed its oversubscribed second fund at $262 million. Headquartered in Woodside, California, Defy makes early Series A investments.

EduLab Capital backs test prep platform examPAL

Tel Aviv, Israel-based examPAL, a test prep platform, has raised an undisclosed amount of funding. The investor was EduLab Capital Partners.

Credit card distribution platform Extend inks $11 mln Series A

Manhattan-based Extend, a credit card distribution platform, has secured $11 million in Series A financing. Point72 Ventures and FinTech Collective led the round with participation from Reciprocal Ventures and City National Bank.

Corporate learning platform Synapse nabs $3.3 mln in seed funding

Synapse, a Toronto-based technology provider to the learning and development market, has raised about $3.3 million (US$2.5 million) in a seed-stage financing. Generation Ventures, the venture capital arm of Canadian family office Generation Capital, led the round. It was joined by Ripple Ventures, Differential Ventures, CEAS Investments, Cathexis Ventures, Ideal Ventures and Neal Dempsey. Founded in 2016, Synapse has created a learning design system that streamlines the processes associated with planning and developing corporate training programs. Led by CEO Ryan Austin, the company will use the funds raised for growing sales, marketing and product expansion, and new hires.