Private Equity
Investment activity in Canada’s venture capital (VC) market in 2018 largely matched 2017's results in dollar terms, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). A total of $3.7 billion was invested in technology companies as of December 31, down a moderate 2 percent from 2017. The year-end total was strengthened by fourth-quarter activity, which saw nearly $1.3 billion invested in 165 financings, up 16 percent from the same time in 2017. Q4 2018 was one of two quarters last year when VC deployments rose above the $1 billion mark. IT sectors accounted for more than two-thirds of total VC invested in Canada in 2018, followed by life sciences sectors, which took a 17 percent share.
5 min read · 13 March 2019
Gem, a HR recruiting platform, has secured $9 million in Series A funding, according to a blog post. The investor was Accel.
1 min read · 13 March 2019
CXA Group, Asia's predictive and data intelligence platform for better health, wealth and wellness choices, has raised $25 million in funding. The investors included HSBC, Singtel Innov8, Telkom Indonesia MDI Ventures, Sumitomo Corporation Equity Asia, Muang Thai Fuchsia Ventures, Humanica and Heritas Venture Fund.
1 min read · 13 March 2019
San Francisco-based Tetrate, a newly launched enterprise service mesh company, has secured $12.5 million in funding, according to a blog post on its site. Dell Technologies Capital led the round with participation from other investors that included 8VC, Intel Capital, Rain Capital and Samsung NEXT.
1 min read · 13 March 2019
American Capital Partners, an investment firm headquartered in Hauppauge, New York, has raised $24.3 million for its second venture fund, according to an SEC filing. The target is $100 million.
1 min read · 13 March 2019
London and Austin-based Adthena, a provider of AI-powered search marketing intelligence, has secured $14 million in Series A funding. The investor was Updata Partners.
3 min read · 13 March 2019
Austin-based StoryFit, a provider of predictive AI analytics for the publishing and entertainment industry, has raised $1.75 million in new funding. The lead investor was ff Venture Capital. Other investors that participated in the round included Bertelsmann Digital Media Investments, Ascend Venture Capital and Walt Winshall.
1 min read · 13 March 2019
New York City-based Glia, a digital customer service platform for financial services companies, has raised $20 million in funding. Insight Venture Partners led the round. As part of the investment, Lonne Jaffe, a managing director at Insight Venture Partners, will join Glia's board of directors.
1 min read · 13 March 2019
Silicon Valley-based Sekhmet Ventures, a venture firm focused on the beauty and wellness sector, has named Sara Kaur as chief financial officer. Previously, Kaur was CFO at Finesse Solutions.
2 min read · 13 March 2019
Cambridge, Massachusetts-based TriNetX, a global health research network, has secured $40 million in Series D financing. Merck Global Health Innovation Fund led the round with participation from Mitsui & Co., Ltd., ITOCHU Technology Ventures, ITOCHU Corporation, MPM Capital, F2 Ventures and Deerfield Management.
1 min read · 13 March 2019
