North America

Landit nabs $13 mln in WeWork-led round

Landit, a tech platform "that increases the success of women," has secured $13 million in Series A funding. WeWork led the round with participation from other investors that included New Enterprise Associates, Valo Ventures, Workday Ventures and Gingerbread Capital.

Thoma Bravo-backed Quorum Software to acquire Coastal Flow

Quorum Software, a portfolio company of Thoma Bravo, has agreed to acquire Houston-based Coastal Flow, a family of energy measurement services and software companies. No financial terms were disclosed. Credit Suisse Securities (USA) LLC and Macquarie Capital are serving as financial advisers to Quorum on the deal while PPHB Securities LP did likewise for Coastal Flow.

Oyster Point Pharma inks $93 mln Series B

Oyster Point Pharma Inc., a clinical-stage pharmaceutical company focused on treating dry eye disease, has secured $93 million in Series B financing. Invus Opportunities and Flying L Partners led the round.

Blossom Capital collects $85 mln for fund

Blossom Capital has raised $85 million for its new fund. The fund's limited partners include Robinhood co-founder Vladimir Tenev and Mikkel Svane, founder of Zendesk. Based in London, Blossom Capital invests in European tech startups.

Gift sender Sendoso raises $10 mln led by Craft Ventures

San Francisco-based Sendoso, which helps users send gifts, notes and perishables via direct mail, announced it has raised $10.7 million in Series A funding. The round was led by David Sack’s Craft Ventures and included participation from Signia Partners, Storm Ventures, Struck Capital and Hack VC. The company, founded in 2016, has now raised $13.2 million in total funding.

Insurtech startup Breathe Life closes $4.5 mln seed financing

Breathe Life, a Montréal-based provider of consumer-focused solutions for the insurance industry, has raised $4.5 million in a seed-stage financing. The round was led by Diagram Ventures and joined by Real Ventures, both Canadian venture capital firms. The company is also backed by angel investors. Founded in 2017, Breathe Life provides life and health insurance carriers, distribution organizations and advisors with white-label solutions to find, convert and retain customers. Led by CEO Ian Jeffrey, formerly a Real venture partner and co-founder of FounderFuel, Breathe Life will use the round's proceeds to accelerate product development and fuel growth in North America.

Craft Ventures leads $3.5 mln seed funding in Dray Alliance

Los Angeles-based Dray Alliance, a provider of on-demand drayage services for import and export shippers, announced it has raised $3.5 million in seed-stage funding. David Sacks’ Craft Ventures led the round. The company was founded in 2017.

YieldStreet raises $62 mln

YieldStreet said Feb. 26 that it raised $62 million in a Series B financing round led by Edison Partners. Greenspring Associates, Raine Ventures and a large multi-billion dollar NY family office also participated. YieldStreet, of New York, provides a digital wealth platform.

Tulip raises $18.4 mln

Somerville, Massachusetts-based Tulip, a provider of a manufacturing app platform, announced it has raised an $18.4 million Series B round. Vertex Ventures US led the round, which was also backed by New Enterprise Associates and Pitango Ventures. As part of the funding, Sandeep Bhadra, a Vertex Ventures partner, will join the board.

Eniac leads $3 mln seed in construction tech company Briq

Santa Barbara, California-based Briq, which provides a data platform for the construction industry, announced it has raised $3.025 million in seed-stage funding led by Eniac Ventures, with participation from MetaProp NYC. The company was founded in 2017 by CEO Bassem Hamdy and CFO Ron Goldshmidt.