North America

Squelch nabs $12 mln

Redwood City, California-based Squelch Inc, a provider of customer experience optimization solutions, has secured $12 million in funding. The investors were Shasta Ventures, Correlation Ventures and Tenaya Capital.

IA Capital raises $150 mln

IA Capital Group said April 3 that it raised $150 million across three funds. They include Inter-Atlantic Stonybrook Insurtech Ventures, Inter-Atlantic G Fund and Inter-Atlantic Ivy. IA Capital, of New York, focuses on insurtech. Stonybrook Capital acted as placement agent to Inter-Atlantic Stonybrook Insurtech Ventures.

Corus Entertainment buys Canadian affiliate of VC-backed Kin

Corus Entertainment Inc (TSX: CJR.B) has acquired the Canadian operations of Kin Community, a Los Angeles-based digital media company focused on lifestyle content for women. Terms weren't disclosed. The Kin Canada team will remain in place. Corus, a Toronto-based media and content provider, said the acquisition strengthens its position in the lifestyle space and complements its existing social digital agency, so.da. Corus led Kin's US$12 million Series C financing in 2014 and joined its US$13.5 million Series D financing in 2016. The company's other investors include Emil Capital Partners, General Catalyst and Rustic Canyon Partners.

TriNetX acquires Custodix

TriNetX said it acquired Custodix, a provider of services for clinical trial design, patient feasibility and more. The financial details of the transaction were not released.

Hungry books $8 mln Series A

Arlington, Virginia-based Hungry, an online marketplace that connects independent chefs with the business and events catering market, has raised $8 million in Series A financing. Sands Capital Ventures and Motley Fool Ventures led the round.

CIBC Innovation Banking supplies credit facilities to Lightspeed

Lightspeed POS (TSX: LSPD), a Montréal-based retail and restaurant point-of-sale and e-commerce solution, has entered into new credit facilities with CIBC Innovation Banking, the technology lending arm of CIBC. The facilities include a US$25 million ($33 million) demand revolving operating credit facility and a US$30 million ($40 million) stand-by acquisition term loan. They replace a prior US$15 million working capital line of credit provided by Silicon Valley Bank. In March, Lightspeed closed its initial public offering (IPO) in Canada, raising $276 million. It continues to be backed by Caisse de dépôt et placement du Québec, Inovia Capital and other pre-IPO investors.

CIC garners funding for UK startups

Cambridge Innovation Capital has raised 150 million pounds. The cornerstone investor was the University of Cambridge. The capital will be used to back CIC's current portfolio as well as invest in startups originating from the University of Cambridge. Goldman Sachs was the placement agent.

HammerTech amasses $10 mln in Arrowroot-led round

Australia and Seattle-based HammerTech, a mobile provider of health, safety and quality software for the construction industry, has raised $10 million in funding. Arrowroot Capital led the round. As part of the transaction, Chuck Haling and Matt Klein from Arrowroot Capital will be joining the board.

Biotech firm Candel Therapeutics reels in $22.5 mln Series C

Candel Therapeutics, a biotech firm, has raised $22.5 million in Series C financing. Northpond Ventures led the round. In addition to the funding, Dr. Michael P. Rubin, founder and CEO of Northpond Ventures, will join Candel Therapeutics' board of directors.

Valar Ventures targets $150 mln for fifth fund

Valar Ventures is seeking to raise $150 million for its fifth fund, according to an SEC filing. Based in New York, the venture firm was founded by Peter Thiel.