North America

LyGenesis procures $3 mln Series A

Pittsburgh-based LyGenesis Inc, a biotechnology company developing technology for organ regeneration, has raised $3 million in Series A financing. The investor was Juvenescence Ltd.

Industrial IoT company Axiom Energy pulls in $7.6 mln Series A

Axiom Energy, an industrial internet of things company, has secured $7.6 million in Series A funding. GXP Investments and Shell Ventures led the round with participation from other investors that included WorldQuant Ventures, SV Tech Ventures, Meson Capital and Seabed VC.

GrowGen lands $10 mln

GrowGeneration Corp, an owner and operator of specialty retail hydroponic and organic gardening stores, has secured $10 million in funding. The investors included Gotham Green Partners, Merida Capital Partners and Navy Capital.

F-Prime taps Moss as EIR

Cambridge, Massachusetts-based F-Prime Capital Partners has named Parker Moss as an entrepreneur-in-residence. Prior to joining F-Prime, Moss spent five years with the National Health Service, most recently serving as chief technology officer of Virgin Care.

Prescription digital medicine company Akili inks $55 mln Series C

Boston and San Francisco Bay Area-based Akili Interactive, a prescription digital medicine company, has secured $55 million in Series C financing. Temasek led the round with participation from other investors that included Baillie Gifford, Amgen Ventures, M Ventures, JAZZ Venture Partners, Canepa Advanced Healthcare Fund and Brooklands Capital Strategies.

Tailor Brands picks up $15.5 mln Series B

New York and Tel Aviv-based AI branding startup Tailor Brands has raised $15. 5 million in Series B funding. Pitango Venture Capital Growth Fund and British Armat Group led the round with participation from Disruptive Technologies L.P and Mangrove Capital Partners.

The Fabric and EVO Venture Partners form a joint venture

The Fabric, a co-creation foundry with a focus on cloud and IoT infrastructure, and EVO Venture Partners, have formed a joint venture to build venture-backed startups in Europe. According to the terms of this partnership, EVO has made an undisclosed investment in The Fabric.

Nutrition startup Ample Foods grabs $2 mln seed

San Francisco-based Ample Foods, a nutrition startup, has secured $2 million in seed funding. Slow Ventures led the round.

Hotel company Life House raises $40 mln

New York-based Life House, which operates as a boutique hotel company, announced it has raised $40 million in total funding, which includes $10 million in early-stage venture capital and $30 million in private equity. Backers include Henley Investments, Global Founders Capital, Comcast Ventures and Trinity Ventures. Life House was co-founded in 2017 by Rami Zeidan and Yury Yakubchyk.

What America can learn from Canada's first-mover advantage in cannabis

When Canada announced plans to legalize adult-use cannabis, the world's press seized on how it would mark a first among the G7 group of industrialized nations. But behind that eye-catching headline, an even bigger one is emerging, writes Karan Wadhera, managing partner of Snoop Dogg's Casa Verde Capital, in a PE Hub Canada feature article. And it tells the story of how Canada's progressive approach is helping transform a talented generation of home-grown companies into tomorrow's global leaders.