North America

Veeam pulls in $500 mln

Veeam, a Swiss provider of intelligent data management solutions, has secured $500 million in funding. The investors were Insight Venture Partners and Canada Pension Plan Investment Board.

Niantic racks up $245 mln Series C

Niantic Inc, creator of Pokémon GO, is raising $245 million in Series C financing. IVP is leading the round with participation from aXiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV and Samsung Ventures.

Bold Commerce closes $22 mln Series A with Whitecap, Round13

Bold Commerce, a Winnipeg-based developer of e-commerce software solutions, has raised $22 million in a Series A financing. The investors were Canadian venture capital firms Whitecap Venture Partners and Round13 Capital. Whitecap's Carey Diamond and Round13's Craig Strong will join the board. Founded in 2012 by CEO Yvan Boisjoli, CTO Eric Boisjoli, CBO Stefan Maynard and Vice President, Growth Jay Myers, Bold provides a range of e-commerce apps to more than 86,000 wholesale and business-to-business merchants worldwide. It will use the funds raised to add artificial intelligence-based solutions and other enhancements to its platform and scale operations.

Big Squid snaps up $9 mln

Salt Lake City-based Big Squid, a predictive analytics and automated machine learning software company, has raised $9 million in funding. Lewis & Clark Ventures led the round with participation from other investors that included Silverton Partners, Signal Peak Ventures and Kickstart Seed Fund.

PE-backed Offensive Security appoints new CEO

Offensive Security, a provider of online penetration testing training and certification, has named Ning Wang as CEO. Wang is the former chief operating officer and chief financial officer of HackerOne and Lynda.com, respectively. Offensive Security's backers include Spectrum Equity and TenEleven Ventures.

Scout RFP nets $33 mln Series C

Scout RFP, the sourcing and supplier engagement platform, has raised $33 million in Series C funding. Scale Venture Partners led the round with participation from return backers Menlo Ventures, NewView Capital, Workday Ventures and Salesforce Ventures. In addition to the funding, Alex Niehenke from Scale Venture Partners will join Scout's board of directors.

Retail tech firm Vengo Labs fetches $7 mln Series B

Vengo Labs, an retail tech company, has secured $7 million in Series B funding. Arcade Beauty, an Oaktree Capital portfolio company, led the round.

Madrona appoints Cochran as MD

Madrona Venture Group has named Hope Cochran as managing director. Cochran joined the early-stage venture firm in 2017 as a venture partner. In addition to Cochran's appointment, the firm has promoted Troy Cichos to chief operating officer and partner and Jennifer Chambers to administrative partner.

Valar Ventures to raise $350 mln for VC, opportunity funds

Valar Ventures has set out to raise $350 million for venture-capital and opportunity funds, according to filings with the SEC.

Bain Capital leads $17 mln Series A financing of Vention

Vention, a Montréal-based digital manufacturing platform for machine design, has secured $17 million in a Series A financing. U.S. venture capital firm Bain Capital Ventures led the round, with participation from White Star Capital, Bolt and Real Ventures, which invested in last year's $3.5 million seed financing. Founded in 2016 by CEO Etienne Lacroix and CTO Max Windisch, Vention helps engineers and other professionals in robotics, aerospace, automotive and other industries to rapidly design, order and assemble custom factory equipment. It will use the funds raised to accelerate development of its MachineBuilder 3D software, expand its modular hardware library, and bring additional solutions to market.