Private Equity
eSentire, a provider of managed detection and response solutions, has raised $47 million in funding. Warburg Pincus led the round with participation from Georgian Partners and Edison Partners.
1 min read · 04 March 2019
Emovi, a Montréal-based technology company offering medical solutions for joints assessments, has secured $15 million in a Series C financing. The round, which when combined with other capital brings total funding to $20 million, was led by TVM Capital Life Science. StandUp Ventures and Desjardins Capital also invested. The funds raised will support the North American and European clinical adoption for Emovi's core product, KneeKG, a tool that evaluates knee functional deficiencies linked to a patient's symptoms and pathology progression. President and CEO Michelle Laflamme said Emovi aims to become a "major player in the global orthopaedic and sports medicine field."
4 min read · 04 March 2019
U.S. technology debt financing firm Silicon Valley Bank (SVB) has been granted a licence to operate in Canada from the Office of the Superintendent of Financial Institutions (OFSI). SVB, a Santa Clara, California-based affiliate of SVB Financial Group (Nasdaq: SIVB), said it will now begin lending to technology and life sciences companies and their investors across Canada from a new base in Toronto. The firm also provides cross-border banking services to Canadian companies that have or seek a U.S. presence. Last year, SVB hired Barbara Dirks to head its Canadian expansion and team. Dirks joined from Royal Bank of Canada.
4 min read · 04 March 2019
Mocana said March 4 that it raised $15 million in funding led by Sway Ventures. Existing investors Shasta Ventures and ForgePoint Capital (formerly Trident Cyber) also participated. Mocana, of Sunnyvale, California, provides device security solutions for IoT and industrial control systems.
4 min read · 04 March 2019
AccelFoods, a venture firm focused on food and beverage startups has recently added five new operating partners to their team. They are Eric Berniker, Paul Eskenazi, Paula Grant, Chris Hickey and Bart Silvestro.
4 min read · 01 March 2019
New Enterprise Associates is seeking to raise $3.6 billion for its 17th fund, according to an SEC filing. The venture firm invests in healthcare and technology.
1 min read · 01 March 2019
Precursor Ventures has raised $31 million for its second fund, according to an SEC filing. The San Francisco-based venture firm is an early-stage venture firm focused on pre-seed investments in the San Francisco, New York, Toronto and Los Angeles metropolitan regions.
1 min read · 01 March 2019
ExecThread Inc, a job-sharing network for executives and an aggregator of unpublished executive-level job opportunities, has named Ryann Richardson as its new president and co-founder. Previously, she was vice president of North American marketing for Victor. ExecThread's backers include Canaan Partners, Javelin Venture Partners, Corazon Capital, CoVenture and NextView Ventures.
3 min read · 01 March 2019
Quantum Energy Asset Management and R.E. Lee International Capital have launched a new $100 million hybrid fund, QEX Fund SP. The fund will focus on fintech startups. Vic Tham, CEO of QEAM, will lead the fund.
3 min read · 01 March 2019
OMERS appointed Mark Shulgan to head the Canadian pension fund’s new growth-equity platform, PE Hub Canada has learned. OMERS announced Shulgan’s hire as a managing director in September, though at the time did not mention the new strategy. He will now run OMERS Growth Equity, recently set up for long-term investing in high-growth companies committed to innovation in sectors like healthcare and tech, according to OMERS’ site. Previously, Shulgan was a senior portfolio manager in Canada Pension Plan Investment Board’s thematic investing group.
1 min read · 28 February 2019
