North America

E-commerce marketing funder Clearbanc raises $92 mln in VC

Clearbanc, a Toronto-based provider of marketing capital for e-commerce brands, has raised about $92 million (US$70 million) in financing. The round was backed by Emergence Capital, Social Capital, CoVenture, Founders Fund, 8VC, iNovia Capital, Real Ventures, Portag3 Ventures, Precursor, WTI, Berggruen and FJ Labs. Clearbanc provides pre-revenue e-commerce businesses with $5,000 to $10 million-plus in marketing capital without personal guarantees, warrants, equity or credit checks. It has already funded more than 500 companies with over $100 million. Clearbanc was founded in 2015 by CEO Andrew D'Souza and President Michele Romanow, both serial entrepreneurs and angel investors.

Teamworthy to raise $80 mln second venture-capital fund

Teamworthy Ventures has set out to raise an $80 million second venture-capital fund, according to a filing with the SEC.

M13 to raise $150 mln second venture-capital fund

M13 Ventures has set out to raise a $150 million second venture-capital fund, according to a filing with the SEC.

Seed-focused 1984 Ventures raises more than $42 mln for first fund

San Francisco-based 1984 Venture has raised more than $42.27 million from 50 investors, according to a regulatory filing. The firm says it is now targeting $50 million for the inaugural fund. 1984 Ventures, named as an homage to the year Apple introduced the Macintosh computer and advertised it with a futuristic Super Bowl commercial, invests in early seed businesses using software to solve real-world problems. The firm is led by entrepreneur and investor Ramy Adeeb, a onetime principal at Khosla Ventures.

Omega Funds to raise $400 mln venture-capital fund

Omega Funds has set out to raise a $400 million venture-capital fund, according to a filing with the SEC.

Idelic lands $2 mln in Bain Capital Ventures-led round

Pittsburgh-based Idelic, a data and analytics platform for improving safety in the transportation industry, has raised $2 million in financing. Bain Capital Ventures led the round with participation from TDF Ventures, SaaS Venture Capital, Birchmere Ventures and M25 Group in the financing. In conjunction with the financing, Kevin Zhang of Bain Capital Ventures and Idelic co-founder Nick Bartel joined Idelic's board of directors.

Axle ai launches funding round on SeedInvest

Boston-based Axle ai, a provider of video search and management tools, is launching a funding round on crowdfunding platform SeedInvest. No target was specified.

Rna Diagnostics closes $5 mln Series A led by iGan Partners

Rna Diagnostics Inc, a Toronto-based cancer therapy guidance platform, has raised $5 million in a Series A financing. The round was led by Canadian early-stage venture capital firm iGan Partners. It was joined by undisclosed new and existing investors. Founded in 2010, Rna Diagnostics’ first product is the RNA Disruption Assay, a diagnostic test that helps physicians to rapidly assess how patients are responding to cancer treatments. President and CEO Jeremy Bridge-Cook said the funds raised will support the technology's clinical trial in primary breast cancer as well as commercialization initiatives. Bridge-Cook formerly served as an investment manager with MDS Capital Corp.

Teamworthy Ventures to raise $80 mln for second fund

Teamworthy Ventures is seeking to raise $80 million for its sophomore fund, according to an SEC filing. The New York City-based venture firm invests in consumer and enterprise software and software-enabled services businesses.

Eximis Surgical gains $7.5 mln

Colorado-based Eximis Surgical Inc, a medical device company, has secured $7.5 million in financing. Questa Capital led the round with participation from Venture Investors.