North America

LiveOak Venture Partners appoints principal and senior associate

LiveOak Venture Partners has named Mike Marcantonio as principal and Mason Rathe as senior associate. Previously, Marcantonio worked at Blue Heron Capital and Rathe interned at LiveOak while completing his MBA.

TuneGO racks up over $7.7 mln Series B

TuneGO, a technology platform that connects artists with the music industry, has raised more than $7.7 million in Series B financing. Falcon Capital led the round.

REBBL snaps up $20 mln

Emeryville, California-based REBBL, a producer of organic coconut-milk based super-herb drinks, has raised $20 million in funding. CAVU Venture Partners led the round.

Cuebiq fetches $27 mln Series B

New York-based Cuebiq, a location intelligence and consumer insights company, has secured $27 million in Series B financing. The investors included Goldman Sachs Principal Strategic Investments, Nasdaq Ventures, DRW Venture Capital, Tribeca Venture Partners, Tribeca Angels and TLcom Capital. In conjunction with the funding, Brian Hirsch, co-founder and managing partner at Tribeca Venture Partners and Marco DeMeireles, head of private investments at Balyasny Asset Management, have joined Cuebiq’s board of directors.

Selected reels in $1.2 mln seed

Selected, an online platform that matches teachers with jobs, closed $1.2 million in seed funding. Propel Capital led the round with participation from other investors that included Kapor Capital.

Biomatics Capital targets $300 mln for second venture fund

Biomatics Capital is raising a second venture fund targeting $300 million, according to a regulatory filing. The Seattle-based firm is led by Julie Sunderland, who previously served as the director of program related investments for the Bill & Melinda Gates Foundation, and Boris Nikolic, previously the chief advisor for science and technology to Bill Gates, according to the firm’s website.

Medical data company Canary Medical wins $33.2 mln in VC

Vancouver medical data company Canary Medical Inc has raised an investment of about $12.8 million (US$10 million) from the global health sciences fund of Canadian venture capital firm Quark Venture and China’s GF Securities Co Ltd. The deal is part of a broader financing round of about $33.2 million (US$26 million) that is also backed by BioScience Managers and Relentless Pursuit Partners. Canary develops implant and data management ecosystem technology used for remote patient monitoring. Led by CEO Bill Hunter, the company will use the funds raised for the development of a smart artificial knee implant through to commercial release.

Underscore.VC collects $116.9 mln for sophomore fund

Boston-based venture firm Underscore.VC has raised $116.9 million for its second fund, according to an SEC filing. The firm invests in a number of sectors that include artificial intelligence, blockchain, internet of things and machine learning.

Canopy Growth to take ownership of VC-backed BC Tweed

Canopy Growth Corp (TSX: WEED) has conditionally agreed to acquire the 33 percent stake of cannabis production brand BC Tweed Joint Venture Inc not currently owned by the company. With the deal's close, Canopy will issue up to $374 million worth of shares to the minority shareholders of BC Tweed. BC Tweed was launched in 2017 in partnership with Canopy and others to develop up to 3 million square feet of greenhouse growing capacity in British Columbia. The business is a spin out of SunSelect Produce Inc, a Delta, British Columbia-based vegetable producer backed by Avrio Capital and InvestEco Capital, both Canadian food and agriculture technology investors.

Eye care telemedicine company Simple Contacts attracts $16 mln

Simple Contacts, a telemedicine company for eye care, has secured $16 million in funding. The investors included Waypoint Capital Partners and Goodwater Capital.