Private Equity
New York City-based Covera Health, a provider of analytics-based programs to reduce medical misdiagnoses and improve quality of care, has raised $8.5 million in Series A funding. Equity Group Investments led the round.
1 min read · 19 February 2019
Business Development Bank of Canada (BDC) has invested $8 million in Equispheres, an Ottawa-based advanced materials provider. BDC invested through the federal government's $700 million clean technology strategy, announced last year. Founded in 2015, Equispheres has developed technology for making high-performance spherical metal powders for additive manufacturing applications. The solution helps reduce fuel consumption and production waste. Led by President and CEO Kevin Nicholds, the company will use the investment's proceeds to execute on its growth plan and meet demand in the aerospace and automotive sectors.
3 min read · 19 February 2019
Peraso Technologies Inc, a Toronto-based fabless semiconductor company, has raised about $56 million (US$42 million) in a follow-on financing. The deal was led by two unidentified strategic investors and Roadmap Capital, an existing backer. The company's other investors include Celtic House Venture Partners and Inovia Capital. Founded in 2008, Peraso specializes in the development of integrated circuits for the 60 GHz wireless marketplace. President and CEO Bill McLean said the funds raised will support additional sales as "an increasing number of consumer electronic and wireless infrastructure manufacturers choose to incorporate multi-gigabit wireless connectivity into their products."
3 min read · 19 February 2019
Canadian venture firm Inovia Capital has raised $200 million for its fourth early-stage fund. Also, the firm has raised $400 million for a new growth-stage fund. Inovia invests in tech companies.
3 min read · 19 February 2019
Inovia Capital has raised about $800 million (US$600 million) for a pair of early-stage and growth funds, fulfilling an ambition to become a full-stack venture firm. The Montréal tech investor secured $266 million for a fourth early-stage fund, meeting its target. It also secured an initial $532 million for a new growth-stage vehicle. Inovia is now looking to raise up to US$100 million more for the growth fund, potentially increasing it to $665 million, General Partner Chris Arsenault told PE Hub Canada. The firm also announced the opening of a new office in London, run by General Partner Patrick Pichette, formerly a senior vice president and CFO at Google.
3 min read · 19 February 2019
Mambu has raised 30 million euros ($33.8 million) in funding led by Bessemer Venture Partners. Mambu, of Berlin, provides a SaaS banking platform. GP Bullhound provided financial advice to Mambu.
2 min read · 19 February 2019
Bling Capital, an investor in electric scooter company Lime, has raised $60 million for its inaugural early-stage fund, according to a pair of regulatory filings. The firm also raised a little more than $30 million for an opportunity fund that will make follow-on investments in portfolio companies and new investments in other companies in special cases, according to Founder and General Partner Ben Ling. Previously, Ling was a GP at Khosla Ventures and served in senior operating roles at Google, YouTube and Facebook.
1 min read · 19 February 2019
IA Capital Group has raised $43.5 million toward a $100 million venture-capital fund, according to a filing with the SEC.
1 min read · 18 February 2019
Grayhawk Capital, a Phoenix-based venture firm, has raised $10 million for its third fund, according to an SEC filing. The target is $75 million.
1 min read · 18 February 2019
Boulder-based Rowdy Mermaid Kombucha, a beverage company, has secured $3.5 million in Series A funding. KarpReilly led the round.
1 min read · 18 February 2019
