North America

The cardinal rules of buy-side M&A

Scott Munro, a venture partner at Inovia Capital, has acquired battle scars as an investment banker and as an operator. During one rigorous stretch, he acquired 13 companies in 36 months , an experience that provided him with hands-on knowledge of what works and what doesn’t. In a PE Hub Canada feature, Munro discusses the opportunities and cautionary thoughts that exist for companies looking to acquire to expand their market position. He also provides his cardinal rules to preparing for, evaluating and optimizing an M&A deal.

Bill Maris' Section 32 raises $199.4 mln for second venture fund

Bill Maris' Section 32 has raised $199.4 million for a second venture-capital fund, according to a filing with the SEC.

Proposal creation platform reDock secures $1 mln in VC

Ottawa-based proposal creation software platform reDock has raised $1 million in financing. The round was led by Canadian angel network Anges Québec and joined by Panache Ventures, ScaleUP Ventures and Hustle Fund. Founded in 2016 and led by CEO Pierre-Olivier Charlebois, reDock uses artificial intelligence and machine learning to automate mundane content tasks for companies submitting bid proposals. Its target market includes North American engineering, accounting and other professional services firms. The funds raised will be used by reDock to accelerate sales and marketing activity.

TheGuarantors snags $15 mln Series B

TheGuarantors, an insurtech provider for the real estate industry, has secured $15 million in Series B funding. Global Founders Capital led the round.

Gracell inks $85 mln Series B

China-based Gracell, a cellular gene therapy company, has secured $85 million in Series B funding. Temasek led the round with participation from Lilly Asia Ventures, Kington Capital, King Star Capital and Chengdu Miaoji.

Affirmed Networks lands $38 mln

Affirmed Networks, a provider of virtualized mobile networks, has raised $38 million in funding. Centerview Capital Technology led the round.

Scaleworks raises $80 mln for sophomore fund

Scaleworks has closed its second flagship fund at $80 million. Based in San Antonio, Scaleworks is a B2B SaaS-focused venture firm.

Solidus Labs scores $3 mln seed

New York City-based Solidus Labs, a provider of a machine learning-powered trade surveillance platform for digital assets, secured $3 million in seed funding. Hanaco Ventures led the round.

Zededa grabs $16 mln Series A

Santa Clara, California-based Zededa, a provider of edge virtualization software, has secured $16 million in Series A funding. Energize Ventures and Lux Capital led the round.

Aquiline Technology Growth backs Utilant

Aquiline Technology Growth has made an investment in Buffalo, New York-based Utilant, a provider of loss control inspection and survey management software for P&C insurers. No financial terms were disclosed.