Private Equity
Scope AR, a San Francisco- and Edmonton-based provider of industrial augmented reality (AR) solutions, has raised about $13 million (US$9.7 million) in a Series A financing. The round, which brings total funding to $21 million (US$15.8 million), was led by Romulus Capital and joined by SignalFire, Susa Ventures, Haystack, New Stack Ventures, North American Corp and Angel List. Founded in 2011 by CEO-CTO Scott Montgomerie, President David Nedohin and Principal Graham Melley, Scope AR creates AR tools to help enterprises conduct remote tasks, training, product and equipment assembly, maintenance and repair, and field and customer support.
3 min read · 20 March 2019
The law firm Perkins Coie announced the launch of its TechVenture Index to provide a measure of the emerging growth tech and VC sector. The index was developed in collaboration with Michael Ewens, associate professor of finance and entrepreneurship at the California Institute of Technology.
1 min read · 20 March 2019
Abstract said March 20 that it raised $30 million in Series C funding led by Lightspeed Venture Partners. Existing investors Scale Venture Partners, Amplify Partners, and Cowboy Ventures participated in the round. Abstract provides a design workflow platform that supports modern product design teams.
3 min read · 20 March 2019
When social-impact investing (SII) first surfaced as a concept in the early to mid-2000s, the general impression was that it was about charitable giving and not investment fundamentals. But an array of new investment products is demonstrating there is a growing appetite by investors of all kinds – pension funds, governments and retail investors – to use their investment dollars to target critical societal needs. In a PE Hub Canada feature article, Shahir Guindi and Dale Ponder, national co-chairs of Osler, Hoskin & Harcourt LLP, explore the rise of SII investing and highlight recent initiatives linking the pursuit of business and financial priorities with positive social-impact objectives.
4 min read · 20 March 2019
Doctolib said March 20 that it raised a 150 million euros ($170.3 million) funding led by General Atlantic. Existing investors including Accel, Eurazeo, Kernel and Bpifrance, and several German healthcare entrepreneurs, participated in the round. Doctolib, of Paris, offers an online platform that lets patients choose doctors and make appointments, PitchBook said.
4 min read · 20 March 2019
Blameless said March 20 that it raised $20 million in funding from Lightspeed Venture Partners and Accel, as well as strategic investors. Blameless is a site reliability engineering company.
3 min read · 20 March 2019
Iterable said March 20 that it raised $50 million in Series C funding. Blue Cloud Ventures, CRV, Harmony Partners, Index Ventures and Stereo Capital participated in the round. Iterable is a growth marketing platform for cross-channel customer engagement.
2 min read · 20 March 2019
DigitalEd, a Waterloo-based education technology startup, has secured $7 million in bridge financing. The deal was backed by new and existing investors, including Kevin Weiss, a principal at U.S. private investment firm Dorado Capital Partners. Founded last year, DigitalEd provides online education solutions designed especially for science, technology, engineering and mathematics (STEM) courses. Led by President and CEO Jim Cooper, the company will use the funds raised in part to enhance its e-learning platform Möbius, which provides interactive courses, including automated testing and assessment, to global educational institutions and trade schools.
2 min read · 20 March 2019
Edison Partners said March 20 that it led a $26 million funding round for NS8, an ecommerce security and website performance company.
4 min read · 20 March 2019
Point said March 20 that it raised $122 million Series B funding led by Prudential Financial and DAG Ventures. New investors include Financial Venture Studio and Enterprise Community Partners, while existing investors Andreessen Horowitz, Ribbit Capital, and Bloomberg Beta participated. Kingsbridge Wealth Management, which took part in the equity round, is providing a $100 million platform capital commitment. Point, of Palo Alto, California, buys equity in American homes.
4 min read · 20 March 2019
