North America

Ferntech scores seed financing

Ferntech, a German controller provider for off-grid, hybrid, and microgrid power systems, has raised an undisclosed amount of seed funding. The investor was Factor Ventures.

Yunhu Technology procures funding

Yunhu Technology, an internet platform for primary medical service in China, has secured "tens of millions" RMB in Series A+ financing. China Creation Ventures led the round with participation from other backers that included Vision+ Capital, Morningside Venture Capital, Cash Capital and BioTrack Capital. China Renaissance's Alpha team was the financial consultant on this financing round.

Cymulate locks in $7.5 mln Series A

Israel-based Cymulate, a cyber simulation platform provider, has raised $7.5 million in Series A funding. Vertex Ventures and Dell Technologies Capital, the investment arm of Dell Technologies, led the round.

LaunchDarkly nets $44 mln Series C

LaunchDarkly, a feature management platform that software teams use to build software faster, has secured $44 million in Series C financing. Ethan Kurzweil from Bessemer Venture Partners led the round with participation from other investors that included Redpoint, Vertex Ventures, DFJ and Uncork Capital.

Wefox fetches $125 mln Series B

Wefox Group, a European insurtech platform, has secured $125 million in Series B funding. The investors included CreditEase. Goldman Sachs International was the placement agent.

Whatfix picks up $12.5 mln Series B

California and India-based Whatfix, a digital adoption platform, has raised $12.5 million in Series B funding. Eight Roads Ventures India led the round with participation from F-Prime Capital, Cisco Investments, Stellaris Venture Partners and Helion Ventures Partners.

CesiumAstro snags $12.4 mln Series A

Austin-based CesiumAstro Inc, a maker of high-performance multi-beam active phased array communication systems for space and airborne platforms, has secured $12.4 million in Series A funding. Airbus Ventures led the round with participation from other investors that included Kleiner Perkins, Franklin Templeton Venture Fund, Lavrock Ventures, Honeywell Ventures and Analog Devices Ventures.

Hibob raises $20 mln

Hibob said March 13 that it raised $20 million in Series A funding from existing investors: Bessemer Venture Partners, Battery Ventures, Eight Roads, Arbor Ventures, and Presidio Ventures. Hibob, of Tel Aviv, provides an HR tech platform.

Therapixel raises 5 mln euro Series A

Therapixel said March 13 that it raised a 5 million euros ($5.6 million) Series A round co led by Omnes and M Capital Partners. The pool of investors include Région Sud Investissement (managed by Turenne Capital), IT-Translation and Credit Agricole (Creazur). Therapixel is developing AI-based algorithms for breast cancer screening.

ZayZoon nabs $15 mln to advance employee financial wellness

ZayZoon, a Calgary-based provider of employee financial payroll solutions, has secured $15 million in financing. The round was backed by a group of investors, including Prairie Merchant Corp and Bluesky Equities Ltd. Launched in 2014 by CEO Darcy Tuer and President Tate Hackert, ZayZoon partners with payroll businesses and employers to give employees a financial wellness platform, including access to early wages on-demand. The early wages service is currently available to more than 2 million employees across North America, the company reports. ZayZoon said it will use the round's proceeds to further develop its platform.