North America

Carbonite completes Webroot acquisition for $618.5 mln

Carbonite, a cloud-based data protection provider, has closed its previously announced acquisition of Webroot, a cybersecurity company. The price of the acquisition was $618.5 million. Webroot was backed by Accel, Mayfield Fund and TCV, according to Crunchbase.

VC-backed Qumulo adds Miller to board

Seattle-based Qumulo, a provider of enterprise file storage technology, has named Dan Miller to its board of directors, Miller is executive vice president of worldwide field sales, services and support for Tableau Software. Qumulo's backers include BlackRock, Goldman Sachs, Western Digital, Highland Capital Partners, Kleiner Perkins, Madrona Venture Group and Valhalla Partners.

Smart electric motor company Linear Labs snags $4.5 mln seed

Linear Labs, a smart electric motor company, has secured $4.5 million in seed funding. Science Inc and Kindred Ventures led the round.

Qupital nets $15 mln Series A

Hong Kong-based Qupital, an online, small and medium enterprise trade financing platform, has closed its Series A round at $15 million. CreditEase FinTech Investment Fund led the round with participation from the Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures.

Talkoot grabs $1.65 mln seed

Talkoot, a cloud-based content production platform for global brands, has secured $1.65 million in seed funding. Seven Peaks Ventures led the round with participation from other investors that included Cascade Angels and Willamette Valley Capital.

FunnelAI lands $1.5 mln

San Antonio, Texas-based FunnelAI, an artificial intelligence-focused marketing and sales platform, has raised $1.5 million in funding. Active Capital led the round.

Alpha Foods raises $7 mln

Alpha Foods said March 26 that it raised $7 million in funding co-led by New Crop Capital and AccelFoods. AlphaFoods makes plant-based meals that aims to make it convenient for consumers to choose a meatless life or a meatless Monday.

MineralTree raises $50 mln

MineralTree said March 27 that it closed a $50 million growth equity investment led by Great Hill Partners. Existing investors .406 Ventures and Eight Roads Ventures participated. MineralTree is an accounts payable and payment automation solution provider.

Teraki raises $2.3 mln from Horizons Ventures and American Family Ventures

Teraki said it raised $2.3 million from Hong Kong-based Horizons Ventures and American Family Ventures, a $200 million fund backed by American Family Insurance.

Vlocity raises $60 mln from Sutter Hill, Salesforce Ventures, Bessemer, others

Vlocity said it raised $60 million of Series C capital in a round led by Sutter Hill Ventures and Salesforce Ventures, and joined by new investor Bessemer Venture Partners and existing investors Accenture and New York Life. The new round puts the company's valuation above $1 billion.