North America

Dorian raises $2 mln

Dorian said March 19 that it raised $2 million in seed funding led by March Capital Partners. London Venture Partners participated in the round. Dorian is an immersive fiction app that aims to deliver interactive storytelling.

Drambarean joins Trovata.io

Trovata.io said March 19 that Joseph Drambarean has joined as chief technology while Dave McCutcheon has joined as vice president of sales. Drambarean was most recently at Capital One, where he led product management as head of the innovation labs and mobile banking teams. McCutcheon is the former head of sales and alliances at FloQuast.

Marketing Evolution raises $26.1 mln

Marketing Evolution said March 19 that it raised $26.1 million in growth financing led by Energy Impact Partners. Existing investors Insight Venture Partners and Zetta Venture Partners participated in the round. Marketing Evolution provides marketing measurement and optimization solutions.

Fondaction, InvestEco Capital invest in Maison Le Grand

Maison Le Grand, a Montréal-based maker of artisanal, plant-based food products, has secured undisclosed financing from Fondaction and InvestEco Capital Corp, according to a statement by Fondaction. Founded by CEO Tatiana Bossy and Bernard Le Grand, Le Grand manufactures fresh pesto, sauces, soups and hummus made from natural ingredients. The company will use the deal's proceeds to expand across Canada and the United States and launch new products. Montréal-based Fondaction is a labour-sponsored growth capital provider. Toronto-based InvestEco is a sustainable food and agriculture venture capital firm.

FrontdeskAI adds $2 mln of seed capital in round led by pi Ventures

FrontdeskAI said it raised an additional $2 million of seed capital in a round that brought its seed funding to $4.2 million. The additional capital came in a transaction led by pi Ventures of India.

Mojo Vision raises $58 mln from Advantech, Gradient, HP Tech Ventures, Bold Capital, LG Electronics, StartX, others

Mojo Vision said it raised $58 million of Series B financing in a deal backed by Advantech Capital, Gradient Ventures, HP Tech Ventures, Motorola Solutions Venture Capital, Bold Capital Partners, LG Electronics, Kakao Ventures, and Stanford StartX.

Finistere Ventures names Adrian Percy as chief technology officer

Finistere Ventures said it named Adrian Percy as chief technology officer. Percy is a former head of R&D for the crop science division at Bayer, and, in his new role, will provide strategic, technical and regulatory guidance to portfolio companies.

Green Visor Capital to raise $100 million venture-capital fund

Green Visor Capital has set out to raise a $100 million third venture-capital fund, according to a filing with the SEC.

Generac acquires BDC Capital-backed Neurio Technology

Generac Holdings Inc (NYSE: GNRC) has acquired Neurio Technology Inc, a Vancouver-based intelligent energy management technology company. Terms weren't disclosed. Founded in 2005 and led by CEO Keith Marett, Neurio provides software, hardware and data science solutions to optimize energy consumption and reduce energy-related costs in the home. Generac, a Waukesha, Wisconsin-based maker of power generation equipment products, said the acquisition accelerates its connectivity and remote monitoring strategy. Neurio was backed by BDC Capital's ICE Venture Fund and other investors. The BDC fund provided Neurio with $1.5 million of seed-stage financing in 2014.

SoftBank leads $1.25 bln round for OneWeb

OneWeb said March 18 that it raised $1.25 billion in new capital led by SoftBank Group Corp, Grupo Salinas, Qualcomm Technologies Inc, and the government of Rwanda. OneWeb is a global communications company.