Private Equity
UK-based Atlas Genetics, a near patient and point-of-care testing company, has rebranded as Binx Health. Also, Binx Health has appointed Dr. Howard Heller as chief medical officer. Binx Health's backers include Johnson & Johnson Innovation, Novartis Venture Fund, LSP Venture Capital, BB Biotech, RMI Investments and Technology Ventures Partners.
5 min read · 08 October 2018
Mosaic Ventures has raised $150 million for its second fund. The London-based early-stage venture firm is focused on Series A investments.
5 min read · 08 October 2018
Helsinki-based Varjo Technologies, a creator of hardware and software for VR/AR/XR computing devices, has raised $31 million in Series B funding. Atomico led the round.
4 min read · 08 October 2018
The Overseas Private Investment Corporation, a federal agency that helps American businesses invest in emerging markets, has launched a venture capital program that will invest in later-stage venture funds supporting developing economies. So far, the initiative has made an undisclosed investment in Iron Pillar, which provides growth capital to technology businesses in India.
3 min read · 05 October 2018
Lafayette, Colorado-based Front Range Biosciences, a cannabis biotech company, has raised $10 million in Series A financing. The investors included Phyto Partners, WelCan Capital, Salveo Capital, Cornerstone Opportunity Partners, Sand Hill Angels, Harvard Business School Alumni Angels of New York, New York Angels and Altitude Investment Management.
1 min read · 05 October 2018
Kraft Heinz has launched Evolv Ventures, a Chicago-based venture fund focused on food tech companies. Kraft Heinz has committed up to $100 million to Evolv and has named Bill Pescatello, a former partner at Lightbank, to lead the fund.
2 min read · 05 October 2018
Clio has acquired Lexicata, a Los Angeles-based customer relationship management and client intake tool for lawyers. No financial terms were disclosed. Clio, a Vancouver-based legal practice management technology provider, said the deal will enable delivery of a suite of services that streamlines the end-to-end client journey. Lexicata will evolve into a new platform called Clio Grow, launching in 2019. Founded in 2008 by CEO Jack Newton and CPO Rian Gauvreau, Clio is backed by Acton Capital Partners, Bessemer Venture Partners, Point Nine Capital, Version One Ventures and other investors.
4 min read · 05 October 2018
5AM Ventures is seeking to raise $350 million for its fourth fund, according to an SEC filing. Based in San Francisco and Boston, the venture firm invests in early-stage life science companies.
1 min read · 05 October 2018
Humbition, a newly launched early-stage venture firm focused on founder-led companies in New York City, has raised $30 million for its new fund. Zocdoc founder Cyrus Massoumi and Indiegogo founder Slava Rubin lead Humbition.
3 min read · 05 October 2018
MobSquad, a Calgary-based provider of Canadian engineering talent to Silicon Valley startups, has launched with $11 million in funding. The financing was raised from Canadian mobile venture capital firm Relay Ventures, which incubated the company, as well as Panache Ventures, Mindset Venture Group and others. MobSquad, founded by CEO Irfhan Rawji, a Relay venture partner since 2017, will form teams of software engineers and data scientists in Canada and pair them with U.S. clients on a long-term basis. The strategy will address U.S. skill shortages and at the same time create opportunities for Canada-based talent. MobSquad plans to open additional offices across Canada.
4 min read · 05 October 2018
