Private Equity
Headset, a Seattle, Washington-based provider of data and analytics to the cannabis industry, has raised US$12.5 million in a Series A financing. Poseidon Asset Management and AFI Capital Partners led the round. They were joined by Canopy Rivers, the venture capital investment arm of Canadian cannabis producer Canopy Growth Corp, which committed $4.1 million. Founded in 2015, Headset helps growers, processors and retailers turn sales data into real-time market intelligence. It will use the funds raised for enhancing products and services, global growth, and to support partnerships and strategic alliances.
4 min read · 09 January 2019
Talentsoft said Jan. 9 that it raised a $50 million round of funding led by Francisco Partners. Existing investors, Bpifrance and Goldman Sachs, also participated. Talentsoft, of Paris, provides learning and human capital management software.
5 min read · 09 January 2019
Vena Solutions, a Toronto-based provider of cloud financial planning and analysis software, has secured $115 million in its latest financing. The round was led by U.S. software growth equity firm JMI Equity. It was joined by Centana Growth Partners, which led the company's $30 million financing in 2016. Vena's other backers include Difference Capital Financial and Klass Capital. Founded in 2011 by CEO Don Mal, Chief Solutions Architect Rishi Grover and CTO George Papayiannis, Vena helps medium and large-sized companies manage their budgeting, forecasting and business planning. The funds raised will be used to accelerate Vena's growth and scale its operations.
4 min read · 09 January 2019
Globalive Technology Inc (TSX-V: LIVE) said it will exercise a call option to acquire control of Flexiti Financial Inc, a Toronto-based point-of-sale consumer financing company, from Globalive Capital (GC). Terms weren't disclosed. Exercising the call option, obtained last year, will give Globalive Technology 41 percent ownership and 51 percent voting control over Flexiti's parent. As part of the deal, Globalive Technology intends to raise about $10 million in financing, of which GC, the investment firm of Anthony Lacavera, expects to commit $4 million. Globalive Technology, which is controlled by GC, aims to leverage artificial intelligence and machine learning technologies to optimize Flexiti's solution.
5 min read · 09 January 2019
Tiger Global Management LLC has invested $18 million Olo, a digital ordering and delivery platform for the restaurant industry.
3 min read · 09 January 2019
Blue Heron Capital said Jan. 9 that it participated in Verato’s $10 million Series C round. Existing investors, Bessemer Venture Partners and Columbia Capital, also took part. Verato, of McLean, Virginia, provides cloud-based patient matching and master patient index (MPI) solutions.
2 min read · 09 January 2019
TaxJar said Jan. 9 that it raised $60 million in funding from Insight Venture Partners. TaxJar, of Boston, is a sales tax automation company.
3 min read · 09 January 2019
Cynerio said Jan. 9 that it raised $7 million in funding. Investors including Accelmed, RDC and MTIP. Cynerio provides medical device and Internet of Medical Things (IoMT) security solutions.
3 min read · 09 January 2019
CIBC Innovation Banking has provided undisclosed debt financing to Ruby Receptionists, a Portland, Oregon-based virtual receptionist platform. The deal's proceeds will support the company's acquisition of ProfessionalChats, a U.S. managed online chat service, and other growth initiatives. Founded in 2003, Ruby Receptionists' technology enables personalized live virtual receptionist services for more than 8,000 small businesses in North America. It is backed by Updata Partners and StepStone Group. Last year, PE Hub Canada interviewed Mark McQueen, the CIBC group’s president and executive managing director.
3 min read · 09 January 2019
GAN Integrity said Jan. 9 that it raised $15 million in Series B financing led by Aquiline Technology Growth. Existing investors, including Edison Partners, participated in the round. GAN Integrity, of New York, develops compliance management software.
3 min read · 09 January 2019
