North America

Medical Informatics Corp scores $11.9 mln Series A

Medical Informatics Corp, a provider of a patient monitoring and predictive analytics platform, has secured $11.9 million in Series A funding. Data Collective Venture Capital led the round with participation from Intel Capital and the Texas Medical Center Venture Fund. In addition to the funding, DCVC’s Scott Barclay and Intel Capital’s Eric King will join MIC’s board of directors.

MemVerge snags $24.5 mln Series A

San Jose, California-based MemVerge, a provider of memory-converged infrastructure solutions, has secured $24.5 million in Series A funding. The investors were Gaorong Capital, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners and Northern Light Venture Capital.

Sqreen nabs $14 mln Series A

Sqreen, a provider of application security management solutions, has secured $14 million in Series A funding. Greylock Partners led the round with participation from Y Combinator, Alven Capital and Point Nine. In addition to the funding, Greylock Partner Sarah Guo has joined the Sqreen board.

Radiotherapeutics pioneer Fusion lands $140 mln in Series B round

Fusion Pharmaceuticals, a cancer radiotherapeutics specialist, raised $140 million (US$105 million) in a Series B financing, one of the largest Canadian biotech deals on record. Varian Medical Systems, a Silicon Valley oncology business, co-led the round with New York healthcare investment giant OrbiMed. They were joined by new and existing investors, including Canadian life sciences venture firm Genesys Capital. Fusion's platform uses technology to link targeting molecules with short-path alpha medical isotopes to effectively kill cancer cells. “It’s essentially a smart bomb for cancer,” Genesys Managing Director Damian Lamb told PE Hub Canada.

Avrio rebrands as Rio Investment Partners, unveils $150 mln fund

Canadian venture capital firm Rio Investment Partners has raised $77.5 million in the first close of a $150 million fund focused on investing in North America's agri-technology and food technology value chain. The fund's backers include Farm Credit Canada. Rio, which has offices in Calgary and Montréal, is the successor to Avrio Capital. It is led by several Avrio team members, including Co-founder and Managing Director Aki Georgacacos, Managing Director Steven Leakos and Principal Jonathan Goodkey. Jean-Francois Huc, formerly the CEO of BioAmber Inc, also joined Rio as co-founder and managing director. Rio's fund will invest $3 million to $10 million in growth-stage companies operating in the various segments of the agri-food technology market.

Nutrafol raises $35 mln

Nutrafol said April 2 that it raised $35 million in Series B financing led by the growth fund of L Catterton. Unilever Ventures, an existing investor, also participated. Nutrafol is nutraceutical brand that aims to improve hair growth performance.

China-based Source Code Capital is raising $550 mln across two funds

Intel Capital invests $117 mln into 14 companies

Intel Capital said it invested $117 million into 14 companies from sectors including artificial intelligence, communications, health care and chip design.

Untether AI lands $13 mln in Intel Capital-led Series A round

Toronto-based artificial intelligence (AI) chip startup Untether AI has emerged from stealth, raising $13 million in a Series A financing. The round was led by Intel Capital, the venture capital arm of U.S. chip maker Intel Corp. It was joined by other investors, none of which were identified. Founded in 2018 by CEO Martin Snelgrove, CTO Darrick Wiebe and Raymond Chik, Untether AI has developed new chip architecture for neural net inference that eliminates data movement bottlenecks that cost energy and performance. Untether said its Kensington architecture, which moves data 1,000 times faster than traditional architectures, will "enable new frontiers in AI applications."

Pixeom takes in $15 mln

Pixeom Inc, a software-defined edge computing company, has raised $15 million in funding. The investors included Intel Capital and National Grid Partners.