Private Equity
New York City-based SpinCar, a provider of digital automotive merchandising software, has raised $22 million in financing. Wavecrest Growth Partners led the round.
1 min read · 04 October 2018
Carepoynt, a digital health startup, has set a $5 million funding target. US Capital Global provided financial advice to Carepoynt on the transaction.
1 min read · 04 October 2018
Authentic4D, a provider of medical imaging review technology and resolution services for casualty insurance claims, has secured $5 million in Series A funding. IA Capital Group led the round. In connection with the financing, Authentic4D added Rick Viton of IA Capital to its board of directors.
1 min read · 04 October 2018
New Enterprise Associates Inc has promoted Paul Walker to general partner. Previously, he worked at MPM Capital.
2 min read · 04 October 2018
SKALE Labs Inc, a provider of blockchain scalability infrastructure, has raised $9.65 million in funding. Multicoin Capital led the round with participation from other investors that included Aspect Ventures, Blockchange Ventures, Boost.VC, Canaan Venture Partners, Galaxy Digital, FLOODGATE Fund, Hack.VC, Neo Global Capital and Signia Venture Partners.
1 min read · 04 October 2018
JFrog, a provider of tools for software developers, has secured $165 million in Series D funding. Insight Venture Partners led the round. In addition to the funding, Jeff Horing, co-founder and managing director at Insight Venture Partners, will join JFrog’s Board.
1 min read · 04 October 2018
Canadian mergers-and-acquisitions activity nearly doubled in the third quarter, fueled by deals in the mining, real estate and cannabis sectors, Reuters reported. Quarterly deal volume was up 91 percent to US$75.7 billion from US$39.6 billion in the same period last year, according to Thomson Reuters data released this week, bucking a global trend of declines in Europe and Asia. It was the strongest period for Canadian mining M&A since the second quarter of 2011. Mining deals slowed in recent years, due in part to commodity price pressures, balance sheet weakness and investor push back against miners seen as overpaying for assets.
2 min read · 04 October 2018
Basis, a mental health support startup, has secured $3.75 million in funding. Bedrock led the round with participation from Wave Capital and Lightspeed Venture Partners.
4 min read · 04 October 2018
Bud.com, a San Francisco-based cannabis delivery company, has raised US$1 million in a seed-stage financing. The round was led by Serruya Private Equity (SPE), which invests on behalf of Canada’s Serruya family. Bud.com, launched this year, said it will use the round's proceeds for staffing, marketing and expanding its delivery areas. SPE Managing Director Aaron Serruya said bud.com offers an "unprecedented direct-to-consumer-opportunity for the recreational cannabis industry."
4 min read · 03 October 2018
Retail brokerage TD Ameritrade Holding Corp has invested in a new cryptocurrency exchange called ErisX in a bid to offer clients digital asset investment options beyond the popular bitcoin, Reuters reported. TD Ameritrade clients can already trade bitcoin futures over the CBOE Futures Exchange. ErisX will allow clients to potentially trade other cryptocurrency futures, such as Etherium and Litecoin, said J.B. Mackenzie, TD Ameritrade’s managing director of futures and foreign exchange. TD Ameritrade joined more than a dozen other investors backing the Chicago-based company. Terms weren't disclosed.
1 min read · 03 October 2018
