North America

Propel gathers $18 mln Series B

Santa Clara, California-based Propel, a platform for future brands, has raised $18 million in Series B funding. Norwest Venture Partners led the round. In addition to the funding, Norwest Partner Sean Jacobsohn will join the Propel board.

RET Ventures wraps up fund at $108 mln

Real Estate Technology Ventures has closed its inaugural fund at $108 million. Real Estate Technology Ventures I will focus on real estate technology companies. The fund's limited partners include real estate investment trusts, Aimco, Boardwalk, Essex, MidAmerica, UDR, Starwood Capital Group, Cortland and GID.

SmartRent nets $5 mln

Scottsdale, Arizona-based SmartRent, a smart home automation platform company for property managers and renters, has secured $5 million in funding. Real Estate Technology Ventures led the round.

Real Ventures leads $6 mln Series A financing of Logojoy

Logojoy, a Toronto-based artificial intelligence-enabled design platform, has secured $6 million in a Series A financing. The round was led by Canadian early-stage venture capital firm Real Ventures. It was joined by Flybridge Capital. Logojoy closed a $900,000 seed round in 2017 backed by angel investors. Led by CEO Dawson Whitfield, who helped launch the company in 2016, Logojoy's online logo maker provides businesses with a quick and affordable way to create professional-quality branding assets. To date, it has sold more than 100,000 logos to customers in 188 countries. Logojoy plans to use the funds raised to expand its team of data scientists and developers.

Pachyderm bags $10 mln in Benchmark-led round

Pachyderm, a big data company, has raised $10 million in funding, according to a post on the Soma Capital website. Benchmark led the round.

AdaSky locks in $20 mln

Israel-based AdaSky, a provider of far-infrared technology for self-driving vehicles, has secured $20 million in funding. The lead investor was Sungwoo Hitech Co. Ltd.

Renalytix AI lands $29 mln

UK-based Renalytix AI plc, a developer of artificial intelligence-enabled clinical diagnostics for kidney disease, has secured $29 million in funding. The investors were not named.

OMERS-backed Purpose Financial leads Series A round for d1g1t

Toronto-based enterprise wealth management platform d1g1t has closed a Series A financing, bringing its total funding to more than $9 million. The Series A and a prior round were both led by Canadian financial services firm Purpose Financial LP, headed by CEO Som Seif and backed by OMERS Platform Investments. The company's other investors include Extreme Venture Partners and Portag3 Ventures. Founded last year by CEO Dan Rosen, COO Philippe Rouanet and CPO Benoit Fleury, d1g1t uses analytics and risk management tools to provide portfolio management services to advisors and their clients. The funds raised will support the continued build out of d1g1t's platform.

Software startup Kaloom locks in $10 mln

Montréal and Silicon Valley-based Kaloom, a software startup, has secured $10 million in funding. Fonds de solidarité FTQ and Somel Investments led the round with participation from MBUZZ Investments. This funding raises Kaloom’s total investments to $20.7 million.

Cadent Therapeutics rakes in $40 mln Series B

Cadent Therapeutics, a developer of therapies focused on movement and cognitive disorders, has raised $40 million in Series B financing. Cowen Healthcare Investments and Atlas Venture led the round with participation from Qiming Venture Partners, Access Industries, Clal Biotechnology Industries and Novartis Institutes for Biomedical Research. In addition, the company has appointed Dr. Bob Dagher as chief medical officer.