Private Equity
Nashville-based Alto, a technology platform that lets investors add alternative assets to their IRAs, has raised $2.8 million in seed funding. The investors included Foundation Capital, Sequoia’s scout fund and Amplify.LA.
1 min read · 06 March 2019
South Summit and Red Capital Partners have launched a venture fund. The South Summit Fund will invest 6 million euros per year among the finalist startups in South Summit's startup competition.
4 min read · 06 March 2019
GoJava, a Toronto-based sustainable office services provider, has raised more than C$1 million in a second seed-stage financing. The round was led by Crux Capital Corp, which also led last year’s C$500,000 financing, and joined by Active Impact Investments and other investors. GoJava delivers coffee, other beverages and snacks to workplaces while removing and recycling materials like coffee pods, paper cups and organic waste. It reports doubling business in the past eight months to over 500 customers. Led by Founder and CEO Eugene Ace, GoJava will use the funds raised to further scale the business in Toronto and Ottawa and prepare for new Canadian markets in 2020.
2 min read · 06 March 2019
FutureFuel.io, a provider of student debt employer benefits solutions, has secured $11.2 million in Series A financing. Rethink Impact led the round with participation from other investors that included Breton Capital, First Data, G9 Ventures, The Impact Engine, Reach Capital, Salesforce Ventures, SixThirty and Vulcan Capital. As part of the round, Jenny Abramson, founder and managing partner of Rethink Impact will join the company’s board of directors.
1 min read · 06 March 2019
Tel Aviv-based Brodmann17, a provider of vision-first technology for automated driving, has raised $11 million in Series A funding. OurCrowd led the round.
1 min read · 06 March 2019
Disruption Ventures has secured an undisclosed investment for its inaugural fund from Scotiabank, a Canadian banking institution. Scotiabank led commitments of $13 million for the $30 million Disruption Ventures I LP, according to the Globe and Mail. In a separate statement, Canadian wealth manager CI Financial Corp said it committed $2 million. Founded last year by Managing Partner Elaine Kunda, a Canadian digital and e-commerce entrepreneur, Toronto-based Disruption invests in early-stage companies founded or managed by women. It expects to close Fund I and make initial investments this year.
3 min read · 06 March 2019
Vistara Capital Partners has hired Kathleen Reaume as a senior associate. Reaume will be a member of the firm's investment team, assisting in deal origination and evaluation and supporting portfolio companies post-close. Reaume joins from MealPal, a U.S. food technology company, where she served as CSO. Before then, she was director of finance and strategy at U.S. healthcare technology provider Zocdoc and an investment banker at UBS. In October, Vistara, a Canadian provider of debt and equity financing to growth-stage technology companies, launched its third fund at a target of $130 million (US$100 million).
4 min read · 06 March 2019
Beam Therapeutics said March 6 that it raised $135 million in a Series B financing round. Investors include investors Redmile Group LLC, Cormorant Asset Management, GV, Altitude Life Science Ventures, and additional undisclosed investors. Also participating were existing investors F-Prime Capital, ARCH Venture Partners, Eight Roads Ventures, and Omega Funds. Beam Therapeutics, of Cambridge, Massachusetts, is a biotech developing genetic medicines through base editing.
2 min read · 06 March 2019
Greg Rosen has left Benchmark Capital to join Bedrock Capital as a partner, according to his LinkedIn page.
1 min read · 05 March 2019
WealthEngine, a Bethesda, Maryland-based provider of wealth intelligence and prospect research, has raised US$6.5 million of debt financing from CIBC Innovation Banking. The company will use the funds raised to expand its analytics tools, which help companies in the for-profit and not-for-profit sectors target, segment and engage with customers and donors. WealthEngine is backed by several U.S. venture capital firms, including Novak Biddle Venture Partners, Signatures Capital and Streamlined Ventures. CIBC Innovation Banking is the technology advisory and lending arm of Canadian banking institution CIBC.
2 min read · 05 March 2019
