North America

Oak HC/FT leads Series B round for Oncology Analytics

Atlanta and Plantation, Florida-based Oncology Analytics, which helps health plans manage the costs of cancer treatment care, has raised $21 million in Series B funding. Oak HC/FT led the round with participation from other investors that included McKesson Ventures, Blue Cross Blue Shield Venture Partners and Sandbox Advantage Fund.

Kinvolved snags $1.54 mln

Kinvolved, a provider of software and services to reduce chronic absenteeism and boost daily attendance, has secured $1.54 million in funding. The Draper Richards Kaplan Foundation led the round with participation from Twilio.org Impact Fund.

Grid4C lands $5 mln

Austin, Texas-based Grid4C, a provider of AI and machine learning solutions for the energy industry, has raised $5 million in funding. ICV led the round.

Semiconductor startup Syntiant Corp grabs $25 mln Series B

Irvine, California-based Syntiant Corp., a semiconductor startup, has raised $25 million in Series B funding. The investors included Sunstone Venture Capital, Seraph Group, Microsoft, Intel, Amazon, Robert Bosch, Applied Materials and Motorola.

CIBC Innovation Banking provides credit facility to Conversica

Conversica Inc, a Foster City, California-based provider of conversational artificial intelligence (AI) for business, has raised US$31 million in a Series C financing. The round's investors included Providence Equity Partners, Toba Capital, Kennet Partners and Savano Capital Partners. CIBC Innovation Banking, the technology lending arm of CIBC, provided a credit facility. Founded in 2007, Conversica uses conversational AI technology to enable intelligent assistants that automate business conversations. In September, PE Hub Canada reported on CIBC Innovation Banking's North American scaling strategy.

ScienceLogic raises $25 mln growth funding from Square 1 Bank

Reston, Virginia-based ScienceLogic, a provider of artificial intelligence software for IT operations management, announced that it has secured $25 million in growth financing from Square 1 Bank, a division of Pacific Western Bank. The company, founded in 2003, previously raised more than $80 million in funding from Goldman Sachs, Intel Capital and New Enterprise Associates.

Moonrise Capital to raise $200 mln venture-capital fund

Moonrise Capital has set out to raise a $200 million second venture-capital fund, according to a filing with the SEC.

DigiTX Partners raises $75 mln venture-capital fund

DigiTX Partners has raised a $75 million venture-capital fund, according to a filing with the SEC.

The Minte inks $2.25 mln seed

Chicago-based The Minte, a provider of hotel-style housekeeping to luxury residences, has raised $2.25 million in seed funding. Dundee Venture Capital led the round with participation from other investors that included MATH Venture Partners, Revolution’s Rise of the Rest Seed Fund, Firebrand Ventures and Blue Note Ventures.

VC funds invest $3.2 bln in Canadian tech companies YTD

Venture capital (VC) investment in Canadian technology companies slowed slightly in Q3 2018, with $694 million deployed to 105 financings, according to final data released by Refinitiv. This marked only the second time in the past two years when quarterly dollar flows fell below $1 billion. However, since January, technology companies have raised $3.2 billion from VC funds, which represents the most active first nine months in dollar terms in 17 years. U.S. VC funds played a key role in year-to-date trends, accounting for 43 percent of the total invested. Information technology sectors remained the main driver of VC investment, securing $2.2 billion at the end of September.