Private Equity
Firepoint Solutions, a CRM and lead generation system for residential real estate agents, has named Bud Rosenthal as CEO. His appointment becomes effective immediately. Previously, Rosenthal worked at AOL. Firepoint is backed by Sopris Capital.
3 min read · 18 October 2018
Cujo AI, a next-gen artificial intelligence company, has secured funding from KPN Ventures, the venture capital investment arm of KPN. No financial terms were disclosed.
1 min read · 18 October 2018
New York and Tel Aviv-based FundGuard, a cloud-based, AI-powered investment funds operating system, has raised $4 million in funding. Blumberg Capital and LionBird led the round.
1 min read · 18 October 2018
New York and Israel-based DarioHealth Corp, a digital health company, has named Glen Moller to its board of directors. Moller is currently an operating partner at Frazier Healthcare Partners.
3 min read · 18 October 2018
Los Angeles-based ProducePay, which provides fresh produce farmers with financial resources, tech tools and data insights, has secured $14 million in Series B funding. Anterra Capital led the round with participation from Rabo Frontier Ventures, Coventure, Social Leverage, FJ Labs, Greenhouse Capital, Moonshots Capital and Tribeca Angels.
1 min read · 18 October 2018
Team8, a cybersecurity think tank and company creation platform, has named Mike Rogers to its board of advisors. A former U.S. Navy admiral, Roger is the former ex-director of the National Security Agency and ex-chief of the Central Security Service. Team8's backers include Eric Schmidt’s Innovation Endeavors.
3 min read · 18 October 2018
Capillary Technologies said Oct. 18 that it raised a round of funding led by Warburg Pincus. Financial terms weren’t announced. Capillary, of Shanghai, provides AI-based omnichannel consumer loyalty, engagement and analytics services.
4 min read · 18 October 2018
Canadian cannabis investment firm Green Acre Capital has agreed to invest $10 million in The Friendly Stranger, a Toronto-based supplier of cannabis products and accessories. The deal is the first of Green Acre Capital Fund II, which raised more than $35 million in lead commitments earlier this year. It will allow Friendly Stranger to pursue a retail expansion plan intended to introduce dozens of stores across Canada, with an initial focus on Ontario. Established in 1994 by Robin Ellins and Joy Jacobsen, Friendly Stranger currently operates a single cannabis culture shop in downtown Toronto.
3 min read · 17 October 2018
Chefs Plate, a Toronto-based meal-kit delivery company, has agreed to combine its Canadian business with that of Germany's HelloFresh, which operates in the same sector. HelloFresh will acquire all shares of Chefs Plate for an undisclosed amount, creating a national company with targeted revenue to about $200 million. Founded in 2014 by CEO Jamie Shea and Patrick Meyer, Chefs Plate delivers kits of locally-sourced farm fresh ingredients and recipes to customers' homes. Its investors include Acton Capital Partners, BrandProject, Emil Capital Partners and InvestEco Capital Corp, as well as Comerica Bank. HelloFresh is also venture-backed, counting Insight Venture Partners and Rocket Internet among its investors.
3 min read · 17 October 2018
Canadian water-focused growth equity firm XPV Water Partners has invested in the merger of Monticello, Mississippi-based Atlas Manufacturing Company Inc and Slaughter, Louisiana-based Screening Systems International Inc. The transaction, the financial terms of which were not disclosed, created Atlas-SSI, a full-service producer of custom industrial water intake systems in North America. XPV said the new business will join its portfolio and gain access to additional resources needed to expand its relationships and product offering. The Atlas-SSI deal comes on the heels of XPV's recently announced investments in Metasphere Ltd and Mobiltex Data Ltd.
3 min read · 17 October 2018
