Private Equity
New York City-based Socure, a provider of identity verification and fraud prevention services, has raised $30 million in Series C funding. Scale Venture Partners led the round with participation from other investors that included Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital. In conjunction with the funding, Rory O’Driscoll, a partner at Scale Venture Partners, is joining Socure's board of directors.
1 min read · 28 February 2019
Beam, a compliance technology platform, has raised $9 million in funding. The company's investors include Greycroft Partners, Canaan, Broadhaven, Conversion Capital, Plug and Play and Slow Ventures. In addition, Beam has secured a $2 million debt facility from Silicon Valley Bank.
1 min read · 28 February 2019
ATX Seed Ventures, an Austin-based early-stage venture firm, has raised $32 million for its second fund. The fund will focus on Texas and South Central startups.
5 min read · 28 February 2019
Laval, Québec-based biopharmaceutical company Prometic Life Sciences Inc (TSX: PLI) has secured an additional $13.2 million tranche from an affiliate of Thomvest Asset Management. The funding is linked to a $100 million line of credit established in 2017 with Thomvest, an investment vehicle of Canadian billionaire Peter Thomson. Prometic has two drug discovery platforms, small molecule therapeutics and plasma-derived therapeutics, focused on unmet medical needs in the field of fibrosis and orphan diseases. It previously raised financing from Thomvest Seed Capital and California Capital Equity.
3 min read · 28 February 2019
Opsens Inc (TSX: OPS), a Québec City-based fibre optic sensing technology maker, has entered into an $8 million credit agreement with CIBC Innovation Banking. The deal's proceeds will support the company's growth and innovation activity and provide working capital. Founded in 2003 and led by President and CEO Louis Laflamme, Opsens is focused on the measure of fractional flow reserve and diastolic pressure ratio in interventional cardiology. Its solutions are also used in oil and gas and industrial applications. Opsens is backed by Canadian life sciences venture capital firm Lumira Ventures and other investors.
3 min read · 28 February 2019
Maze Therapeutics said Feb. 28 that it raised $191 million in funding led by Third Rock Ventures and ARCH Venture Partners. Also participating were GV, Foresite Capital, Casdin Capital, Alexandria Venture Investments and other undisclosed investors. Maze, of San Francisco, develops medicines based on genetic modifiers.
4 min read · 28 February 2019
Hortau said Feb. 27 that it raised $20 million in funding from Export Development Canada ($7 million) and Fonds de solidarité FTQ ($5.9 million). Also participating were existing investors Avrio Ventures LP II, Advantage Capital Agribusiness Partners LP, BDC Capital Inc and Capital régional et coopératif Desjardins. Hortau provides precision irrigation management services for commercial agriculture.
4 min read · 28 February 2019
GIC Pte, Singapore’s sovereign wealth fund, was among investors that helped Coinbase raise $300 million last year, Bloomberg reported. GIC’s involvement in the fundraise wasn’t previously reported, the story said, noting that Tiger Global Management, Wellington Management and Andreessen Horowitz participated in the round.
1 min read · 28 February 2019
Cambridge, Massachusetts-based Jobcase, which operates a platform for the blue-collar-oriented workforce, announced it raised $100 million in growth equity led by Providence Strategic Growth. The company last year closed an $11.5 million round led by Providence and has now raised about $118 million total. Jobcase was founded in 2015 by Frederick Goff, a onetime trader and hedge fund manager who previously was CEO of Percipio Capital Management.
1 min read · 28 February 2019
Flashfood, a Toronto-based surplus food marketplace, has raised an undisclosed financing led by U.S. venture capital firm General Catalyst. The round saw participation from entrepreneurs Rob Gierkink, James McCann and Alex Moorhead, who will join the board. Existing backers Techstars Ventures and Matchstick Ventures also invested. Founded in 2016 by CEO Josh Domingues, Flashfood provides a mobile app that connects surplus food from grocers directly to consumers at a discount. The company reports sales of more than 75 percent of the products available through the app and consumer savings averaging 50 percent.
3 min read · 27 February 2019
