Private Equity
Palo Alto, California-based venture firm Pear, which raised $75 million for its second seed-stage fund in 2016, is seeking to raise $35 million for Pear Ventures I Expansion, according to a regulatory filing. The firm is led by Pejman Nozad and Mar Hershenson, the founding managing partners.
1 min read · 14 December 2018
Lightspeed, a Montréal-based cloud point-of-sale system for retailers and restaurants, has acquired ReUp, a Toronto-based customer loyalty solution. No financial terms were disclosed. ReUp has been rebranded as Lightspeed Loyalty, an app that provides a range of tools to merchants for targeting and communicating with new and existing customers. Founded in 2005 by CEO Dax Dasilva, Lightspeed raised $166 million last year in a Series D financing led by Caisse de dépôt et placement du Québec.
3 min read · 14 December 2018
Valar Ventures has raised $11.6 million for its sixth co-investment fund, according to an SEC filing. The target is $20 million. The New York-based venture firm is backed by Peter Thiel.
1 min read · 14 December 2018
Greycroft has made an investment in Osmosis, a medical education platform focused on helping current and future healthcare professionals and caregivers learn and retain information. No financial terms were disclosed.
3 min read · 14 December 2018
Lightspeed, a Montréal-based cloud point-of-sale system for retailers and restaurants, has acquired ReUp, a Toronto-based customer loyalty solution. No financial terms were disclosed. ReUp has been rebranded as Lightspeed Loyalty, an app that provides a range of tools to merchants for targeting and communiciating with new and existing customers. Founded in 2005 by CEO Dax Dasilva, Lightspeed raised US$166 million ($222 million) last year in a Series D financing led by Caisse de dépôt et placement du Québec.
3 min read · 14 December 2018
Hong Kong-based Alphaslot, a blockchain gaming ecosystem creator, has secured a "multi-million" investment. The lead investor was Sora Ventures. Other participants in the round included Credito Capital, Shinobi Capital, Spartan Group, TRG and Primitive Ventures. In addition to the funding, Paul Veradittakit, a partner at Pantera Capital, has joined Alphaslot team as an adviser.
1 min read · 14 December 2018
San Francisco-based Mesosphere, an enterprise cloud enablement company, has named Mike Fey as CEO. Fey's appointment begins February 1, 2019. Mesosphere investors include Andreessen Horowitz, Hewlett Packard Enterprise, Khosla Ventures, Kleiner Perkins, Koch Disruptive Technologies, Microsoft and T. Rowe Price Associates Inc.
3 min read · 14 December 2018
Macquarie Capital Venture Studio, a platform launched by Macquarie Capital and R/GA Ventures, is backing three companies: FreeWire Technologies, Mission Secure Inc and T-REX Group Inc. FreeWire is a maker of mobile and flexible electric vehicle charging solutions; Mission Secure is a cybersecurity company; and T-REX is a provider of managed data services and analytical software for complex markets. No financial terms were disclosed.
3 min read · 14 December 2018
Third Rock Ventures has named Dr. Christoph Lengauer and Dr. Jeffrey Tong as partners. Previously, both were venture partners at the Boston-based healthcare venture firm.
5 min read · 14 December 2018
Opus One Solutions, a Toronto-based smart grid software engineering company, has raised a Series B financing. The undisclosed round was led by Canadian impact venture capital firm Renewal Funds. It joins the company's strategic investors Energy Impact Partners and Engie. Founded in 2011 by President and CEO Joshua Wong, Opus One’s technology helps utility partners gain visibility into electricity distribution systems and better manage distributed energy resources. The funds raised will be used to expand offerings in North American and global markets. Opus One is the first investment of Renewal's fourth social and environmental impact fund.
5 min read · 14 December 2018
