North America

Covr Financial Technologies nabs $10 mln Series A

Covr Financial Technologies, a life insurance platform for financial institutions, has raised $10 million in Series A funding. The investors included Nyca Partners, Commerce Ventures, Countour Venture Partners, Connectivity Capital Partners and Allianz Life Ventures.

AI diagnostics firm IDx picks up $33 mln

Coralville, Iowa-based IDx, an AI diagnostics company, has secured $33 million in funding. The lead investor was 8VC. Also, Optum Ventures, Alpha Edison and Heritage Provider Network participated in the round.

HqO lands $6.6 mln seed

HqO, a tenant experience platform for commercial real estate, has secured $6.6 million in seed funding. The investors included Accomplice, Navitas Capital and Pritzker Group Venture Capital.

Pymetrics grabs $40 mln Series B

Pymetrics, which develops predictive hiring and career assessment technology, has raised $40 million in Series B funding. General Atlantic led the round with participation from other investors that included Salesforce Ventures, Workday Ventures, Khosla Ventures and Jazz Venture Partners.

AbCellera rakes in Series A funding

Vancouver, British Columbia-based AbCellera, a developer of next-generation therapeutic antibodies, has raised $10 million in Series A financing. DCVC Bio led the round. In conjunction with the fundraising, John Hamer, managing partner at DCVC Bio, has joined AbCellera’s board of directors while Doug Janzen will be stepping down from his role as board chairman.

PAI Health raises $9 mln round to expand into insurtech

PAI Health, a Vancouver-based health software provider, has secured $9 million in its latest financing. The investors were not disclosed. PAI Health, formerly known as Mio Global, raised $20 million two years ago in a Series B round led by Hydra Ventures. Founded in 2000, PAI Health, known for its heart rate monitor wearable technology, develops personalized health engagement solutions to help users assess, monitor and increase their physical activity. The company, led by CEO Peter Taylor, will use the funds raised to expand into the insurtech sector, creating risk and cost management solutions for insurance providers.

German AI company Teraki raises $3 mln in seed

Berlin-based Teraki, which provides AI and edge data processing software for the automotive industry, announced it has raised $3 million in cumulative seed financing and government grants. Backers included new investors Paladin Capital Group and GPS Ventures GmbH, which joined previous investor Hub:raum, the seed investment arm of Deutsche Telekom.

Randy Thompson named 2018 angel of the year by NACO, BDC

The National Angel Capital Organization (NACO) announced Randy Stewart Thompson, chairman and CEO of Valhalla Private Capital, has won the 2018 Canadian Angel of the Year Award. The award, sponsored by BDC Capital, recognizes an experienced angel who has made a significant contribution to the growth and development of angel investing in Canada. Thompson, who has been active as an angel, fund manager and company operator for 25 years, helped launch Calgary-based Valhalla in 2017. He oversees the investing of 100 angels and four funds with more than $30 million in deployed capital. Thompson has personally invested in 40 startups.

Goals101 raises $3.5 mln

Goals101 said Sept. 27 that it raised $3.5 million in a pre-series A round from Nexus Venture Partners. Goals101 is a fin-tech and big data analytics company.

LightPoint Financial raises Series A

LightPoint Financial Technology said Sept. 26 that it completed a Series A round led by Citco Group of Cos and Ares Management LP. Financial terms weren't announced. LightPoint, of Tarrytown, New York, is a trading, risk and analytics technology provider. TAP Advisors LLC advised LightPoint.