North America

Health Velocity collects more than $185 mln for maiden fund

Health Velocity Capital has closed its inaugural fund at more than $185 million. Health Velocity Capital I will focus on healthcare software and services businesses. Sparring Partners Capital was the placement agent while Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP served as legal counsel to Health Velocity Capital.

Dormify inks $3.45 mln Series A

Dormify, a college lifestyle and small space decorating site, has secured $3.45 million in Series A funding. AEO Inc led the round.

Analytical Flavor Systems rakes in $4 mln

New York City-based Analytical Flavor Systems, a provider of artificial intelligence for new product development to the food and beverage industry, has raised $4 million in funding. The investors included Leawood Venture Capital, Global Brain and Hyperplane Venture Capital.

Datacoral snaps up $10 mln Series A

Datacoral, a provider of data infrastructure as a service for the public cloud, has raised $10 million in Series A funding. Madrona Venture Group led the round with participation from Social Capital.

Revolution Ventures targets $200 mln for third fund

Revolution Ventures is seeking to raise $200 million for its third fund, according to an SEC filing. Steve Case, co-founder of AOL, serves as chairman and CEO of the Washington, D.C.-based venture firm.

Venture-backed Dialogue buys medtech platform DXA

Dialogue Technologies has acquired DXA, a Montréal-based artificial intelligence-enabled medical technology platform. Terms weren't disclosed. Founded in 2015, DXA developed a tool for automating triage, medical charting and diagnosis. It can be used in most provider-patient interactions, from primary care to chronic and specialized care. Dialogue said the technology complements its virtual care and telemedicine offering and will allow it to explore new partnerships with healthcare providers and insurers. Earlier this year, Montréal-based Dialogue closed a $12 million Series A financing led by White Star Capital.

NueHealth gathers funding

Leawood, Kansas-based NueHealth, a developer of specialty surgical hospitals, ambulatory surgical centers and hyper-specialty centers, has secured an undisclosed amount of financing. The investors were Ares Management LP and BC Partners Credit. Bryant Park Capital LLC acted as financial adviser to NueHealth on the transaction.

Plus One Robotics reels in $8.3 mln Series A

San Antonio, Texas-based Plus One Robotics Inc, a 3-D vision and controls developer for robotic automation in the logistics and e-commerce markets, has raised $8.3 million in Series A funding. Pritzker Group Venture Capital led the round. In addition to the funding, Plus One Robotics has named David Scheffrahn as vice president of sales.

Aerial Technologies raises $3.9 mln in Intel Capital-led round

Aerial Technologies, a Montréal-based wireless motion analytics software platform, has secured about $3.9 million (US$3 million) in follow-on financing. The round was led by Intel Capital. It was joined by Fonds Innovexport, which co-led Aerial's seed financing in 2017, as well as Kibo Ventures and Telefónica Open Innovation. Founded in 2015 by CEO David Grant, CTO Michel Allegue and VP Engineering François Morel, Aerial's technology leverages wireless infrastructure and machine learning to detect presence and motion in the home and other venues. The company, incubated and backed by TandemLaunch, will use the funds raised to add new functionalities, advance its IP portfolio, and hire more talent.

Coder locks in $4.5 mln

Austin, Texas-based Coder, a builder of cloud-based development suite, has raised $4.5 million in funding, according to a post. The lead investors were Uncork Capital and Redpoint Ventures.