North America

Copado nets Series A funding

Madrid, Spain-based Copado, a cloud-based release management platform, has secured 7.5 million euros in Series A funding. The investors were Insight Venture Partners and Salesforce Ventures.

GitLab raises $100 mln, led by Iconiq, surpasses $1 bln in valuation

San Francisco-based GitLab, provider of an open core collaboration platform for developers, announced it has raised a $100 million Series D round of funding valuing the company at $1.1 billion. The funding round was led by Iconiq Capital, the Silicon Valley fund that is an investment vehicle for the founders of Facebook, LinkedIn and Twitter. The company, which has now raised more than $145 million since it was founded, is eyeing an IPO in 2020.

Vonage to buy NewVoiceMedia for $350 mln

Vonage Holdings Corp said Sept. 20 that it agreed to buy NewVoiceMedia for $350 million. NewVoice is a cloud Contact Center-as-a-Service (CCaaS) provider. NewVoice is backed by investors including BGF Ventures, Bessemer Venture Partners (BVP), Eden Ventures, Highland Capital Partners Europe, Salesforce Ventures and Technology Crossover Ventures. Update: Phil Berkowitz, Jason Greenberg and Paul Zangrilli of Jefferies advised NewVoiceMedia. Samantha McGonigle and Kevin Sullivan of Weil, Gotshal & Manages provided legal advice.

Providence Medical raises $25 mln

Providence Medical Technology Inc said Sept. 20 that it raised $25 million in financing led by Revelation Partners. Also participating was the private equity investment team at BMO Global Asset Management (EMEA), MVM Life Science Partners, Medvest Capital, and Aphelion Capital. Providence, of Pleasanton, California, is developing surgical solutions for cervical spine surgery.

Expeto Wireless raises $4 mln in Lavrock-led Series A round

Expeto Wireless Inc has secured close to $4 million in a Series A financing. The round was led by U.S. venture capital firm Lavrock Ventures with participation from existing Canadian investors Evok Innovations and Mistral Venture Partners. Based in Victoria, British Columbia and San Francisco, Expeto's platform helps businesses manage internet-of-things deployments over 4G-LTE networks while maintaining their security protocols. Founded in 2015, the company is led by CEO Ryley MacKenzie. The funds raised will be used by Expeto to expand engagements with natural resource companies and further develop its partnerships with cellular providers.

Proterra raises $155 mln from Daimler, Tao Capital Partners, G2VP, others

Proterra said it raised $155 million in a deal co-led by Daimler and Tao Capital Partners and joined by G2VP and other technology investors. Proterra and Daimler also agreed to explore the electrification of select Daimler heavy-duty vehicles.

YouDo.com raises $17 mln

YouDo.com said Sept. 19 that it raised $17 million. PJSC MTS, which led the round, accounted for $12 million. Current shareholders also took part in the round. YouDo.com, of Moscow provides an online platform that allows users to find professionals to perform their private or business-related tasks including cleaning and housekeeping, freight transport and courier delivery.

OODA Health raised $40.5 mln

OODA Health said Sept. 19 that it raised $40.5 million in a series A round led by Oak HC/FT and DFJ. OODA, of San Francisco, is a healthcare payments company.

PhoenixMD secures $2.7 mln to advance cancer treatment

Vancouver-based biotechnology company Phoenix Molecular Designs (Phoenix MD) has raised $2.7 million in financing. The round included $2 million of equity, led by Canadian venture capital firm Pallasite Ventures with participation from new and existing angel investors, and about $670,000 in non-dilutive capital. As a result, Pallasite Managing Partner Chris Bissonnette joined the board. Founded in 2012 by CEO Sandra Dunn, Phoenix MD is developing small molecule kinase inhibitors as a targeted therapy for cancer, with a focus on triple-negative breast cancer. It will use the funds raised to advance its lead asset, PMD-026, a disease-modifying therapeutic treatment.

Livespace raises $70 mln

Livespace said Sept. 19 that it raised $70 million in a Series C funding round led by TPG Growth and Goldman Sachs. Also participating were existing investors Jungle Ventures, Bessemer Venture Partners and Helion Ventures. Livespace, of Bengaluru, India, provides a home interior and renovation platform.