Private Equity
MedStack, a Toronto-based privacy and security compliance solution for healthcare apps, has raised $2.4 million in a seed-stage financing. The round was led by Telus Ventures, the strategic investment arm of Telus Corp. It was joined by ScaleUP Ventures, Panache Ventures, Ontario Centres of Excellence and angel investors. Founded in 2015 by CEO Balaji Gopalan and CTO Simon Woodside, MedStack builds and manages healthcare privacy compliance in cloud hosting tools. To date, more than 50 companies have leveraged its platform. The funds raised will be used for the recently-launched MedStack Control, growing teams to enhance the platform’s capabilities, and other priorities.
4 min read · 26 February 2019
Mockingbird, a newly launched baby brand, has secured $1.6 million in seed funding. Rick Heitzmann, founder and managing director at FirstMark Capital, led the round.
4 min read · 26 February 2019
FirstMark Capital raised $30 million for its FirstMark Capital S1 fund, according to a filing with the SEC.
1 min read · 26 February 2019
Palo Alto, California-based Zone7, which uses artificial intelligence to predict injuries in sports, has secured $2.5 million in seed funding. Resolute Ventures led the round with participation from other investors that included UpWest, Amicus Capital and PLG Ventures.
3 min read · 26 February 2019
MVC Technologies Inc, operating as CB2 Insights, a Toronto-based medical cannabis data company, has raised C$5.74 million in a private placement. Merida Capital Partners, a U.S. cannabis private equity firm, led the deal, investing C$3.68 million. Founded in 2014, CB2 uses clinical management and data collection software at the point-of-care to create predictive analytics for the medical cannabis sector.
3 min read · 26 February 2019
MVC Technologies Inc, operating as CB2 Insights, a Toronto-based medical cannabis data company, has raised $5.74 million in a private placement. Merida Capital Partners, a U.S. cannabis private equity firm, led the deal, investing $3.68 million. Founded in 2014, CB2 uses clinical management and data collection software at the point-of-care to create predictive analytics for the medical cannabis sector. The company, which is undertaking a reverse takeover to gain a public listing in Canada, will use the funds raised for a clinical acquisition strategy in the United States.
3 min read · 26 February 2019
Instructure Inc has agreed to acquire San Diego-based Portfolium, a provider of students' digital work samples. No financial terms were disclosed. Portfolium's backers include University Ventures, Seed San Diego and Vertical Venture Partners.
3 min read · 26 February 2019
Vancouver-based cybersecurity startup Cmd has raised nearly $20 million (US$15 million) in a Series B financing. The round, which brings total funding to $28.6 million (US$21.6 million), was led by GV, formerly Google Ventures. It was joined by Expa Capital, Amplify Partners and other investors. GV General Partner Karim Faris was appointed to the board. Founded in 2016 by CEO Jake King and Executive Chair Milun Tesovic, Cmd has created a security platform that helps organizations control and gain visibility into production workloads in the cloud and on-premise. The company will use the funds raised to grow product and engineering teams as it develops new defensive capabilities for its platform.
4 min read · 26 February 2019
Vancouver, British Columbia-based Cmd, a cybersecurity startup, has raised $15 million in Series B funding. GV led the round. In conjunction with the funding, Karim Faris,a general partner at GV, has been added to Cmd's board of directors.
1 min read · 26 February 2019
Chattanooga, Tennessee-based FreightWaves, a provider of data and news for global freight markets, has raised $20 million in Series B financing. The lead backer was 8VC.
1 min read · 26 February 2019
