Private Equity
Boston-based Algorand, a blockchain payments platform, has raised $62 million in funding. The investors were not named. Also, Algorand has named Steve Kokinos and W. Sean Ford as CEO and COO, respectively.
1 min read · 24 October 2018
Canadian revenue financing firm TIMIA Capital Corp has provided a $1 million investment facility to Aprio Inc, a Vancouver-based provider of board management software. TIMIA has deployed an initial $400,000 and will supply a further $600,000 when certain milestones are met. Founded in 2003, Aprio's technology helps organizations to efficiently run board meetings, keep directors up to date, and keep information secure. The company, led by President and CEO Ian Warner, will use the funds raised to increase sales and marketing.
3 min read · 24 October 2018
San Francisco-based Teamable, which leverages social networks to operate a hiring platform, has raised $5 million in additional funds and acquired Simppler, which developed machine learning-based matchmaking technology that focuses on finding people to hire. Terms of the acquisition were not disclosed. Teamable raised the funds from new investor Foundation Capital and previous investors True Ventures and SaaStr Fund. The company has now raised $10 million since it was founded in 2013. Foundation was also an investor in Simppler, along with Greylock Capital. Simppler, which had raised more than $3 million in funding, was the brainchild of Vipul Sharma, who earlier in his career ran machine learning engineering at Eventbrite.
1 min read · 24 October 2018
Promethium, a provider of self-service data governance and business intelligence analytics, has raised $2.5 million in seed funding. Zetta Venture Partners led the round.
1 min read · 23 October 2018
Raleigh, North Carolina-based K4Connect, a provider of solutions that serve and empower older adults and individuals living with disabilities, has raised $12 million in Series B funding. AXA Venture Partners led the round.
1 min read · 23 October 2018
Vancouver-based game studio Phoenix Labs has secured an undisclosed amount in a Series C financing. The round was led by U.S. venture capital firm Sapphire Ventures. It was joined by other existing investors, including Everblue Management. The company's other backers include GGV Capital, Next Frontier Capital, Ridge Ventures and Signia Venture Partners. Founded in 2014 by Jesse Houston, Sean Bender and Robin Mayne, Phoenix Labs develops online multiplayer experiences for gamers. It will use the funds raised to expand its Vancouver and San Mateo, California studios, increase live service operations and development of new content for its debut title, Dauntless, and explore new platforms.
3 min read · 23 October 2018
San Francisco-based tech company Envoy has raised $43 million in Series B funding, according to a blog post on its site. Menlo Ventures led the round with participation from Initialized Capital and Andreessen Horowitz. In addition to the funding, Matt Murphy from Menlo and Andrew Chen from a16z, will join Envoy's board.
1 min read · 23 October 2018
WiredScore, a provider of a digital connectivity rating system for commercial real estate buildings, has secured $9 million in Series A funding. The investors included Bessemer Venture Partners, Fifth Wall, Sterling.VC, Legal & General, KingSett Capital, U+I, Town Centre Securities, MOMENI Digital Ventures and Savitt Partners.
3 min read · 23 October 2018
Berlin-based GoEuro, a booking platform for transportation across Europe, has raised $150 million in funding. Kinnevik AB and Temasek led the round with participation from Hillhouse Capital.
1 min read · 23 October 2018
Catalyst Health Ventures is seeking to raise $100 million for its fourth fund, according to an SEC filing. Braintree, Massachusetts-based Catalyst Health Ventures is an early-stage venture firm that invests in technology solutions within the health care and life science industries.
1 min read · 23 October 2018
