Private Equity
Aeponyx Inc, a Montréal-based provider of micro optical switches, has raised C$7.9 million in Series A funding. Pangaea Ventures led the round with participation from other investors that included Fonds InnovExport and Ecofuel Fund.
1 min read · 14 March 2019
Aeponyx, a Montréal-based fabless micro-optical switch semiconductor chips designer and maker, has raised $7.9 million in a Series A financing. The round was led by Pangaea Ventures, a Canadian advanced materials venture capital firm. It was joined by Fonds Innovexport and Ecofuel Fund, which backed the company's $4.3 million seed financing in 2017, and other investors. Aeponyx will use the funds raised to ramp up commercial production of its planar micro-optical switch chips, which are based on technology that combines silicon photonics with micro-electro-mechanical systems. Founded in 2011, Aeponyx is led by CEO Philippe Babin.
3 min read · 14 March 2019
Jeff Schumacher, founder and ex-head of BCG Digital Ventures, has launched 55 Catalyst Capital. He is joined by Juan Bruce, former managing partner of Ænigma Capital, and Jason Nolte, former venture partner at GM Ventures, in leading the firm. 55 Catalyst will focus on decentralized technology and digital assets.
2 min read · 14 March 2019
ISAI has acquired a minority stake in Legalstart.fr. Financial terms weren’t announced. Legalstart.fr provides online legal services that aims to help entrepreneurs and small businesses across all sectors manage their legal, administrative and accounting procedures.
3 min read · 14 March 2019
Culver City, California-based Cluster, a marketplace matching Industry 4.0 skills and jobs, has secured $1.9 million in funding. Mark Cuban and ECMC Group led the round.
1 min read · 13 March 2019
Toronto-based enterprise software company CryptoNumerics has raised about $3.4 million (US$2.5 million) in a seed-stage financing. The round was led by 11.2 Capital, a U.S. venture capital firm. It was joined by fellow U.S. investors Lux Capital and Silicon Valley Data Capital. Shelley Zhuang, an 11.2 Capital managing partner, will join the board. Founded last year and led by CEO Monica Holboke, CryptoNumerics helps organizations to use data to gain insights while overcoming privacy and data residency issues. Along with the round, CryptoNumerics announced the launch of its CN-Protect software, which uses artificial intelligence to create privacy-protected data sets.
3 min read · 13 March 2019
Toronto-based CryptoNumerics, an enterprise software company, has raised $2.5 million in seed financing. The lead investor was 11.2 Capital. Lux Capital also participated in the round. In conjunction with the funding, Shelley Zhuang, a founder and managing partner at 11.2 Capital, has been added to CryptoNumerics' board of directors.
1 min read · 13 March 2019
Gencove, a low-pass genome sequencing platform, has secured $3 million in funding. Spero Ventures led the round with participation from Alexandria Venture Investments, Burst Capital, Third Kind Venture Capital and Version One Ventures. In addition to the funding, Shripriya Mahesh, a partner at Spero, will join Gencove's board of directors.
1 min read · 13 March 2019
Workfront, a modern work management platform, has secured about $280 million in funding. The investors were W Capital Partners, Susquehanna Growth Equity and AB Private Credit Investors. Existing backers Openview, Greenspring and JMI Equity will remain significant investors in the company. As part of the investment, Blake Heston, a managing director at W Capital and Martin Angert, a director at Susquehanna Growth Equity, will join Workfront's Board of Directors. Goldman Sachs was placement agent while Goodwin served as legal counsel to Workfront.
1 min read · 13 March 2019
SV Health Investors has set out to raise a $94 million venture-capital fund, according to a filing with the SEC.
1 min read · 13 March 2019
