North America

Neon raises $22 mln from Propel Venture Partners, Monashees, Quona Capital, Omidyar Network, Tera, Yellow Ventures

Neon said it raised $22 million of Series A capital in a round led by Propel Venture Partners, Monashees and Quona Capital, and joined by Omidyar Network, Tera and Yellow Ventures. Neon offers a credit card and online financial services.

SoundHound amasses $100 mln

Santa Clara, California-based SoundHound Inc, a provider of voice-enabled AI and conversational intelligence technologies, has raised $100 million in funding. The investors in this round included Tencent Holdings Limited, Daimler AG, Hyundai Motor Company, Midea Group and Orange S.A.

BounceX raises $37 mln round led by Battery Ventures

New York-based BounceX, which provides behavioral software to direct marketing campaigns, announced it has raised $37 million in a Series B round of funding. Battery Ventures led the round, which included participation from Contour Venture Partners, Primary Venture Partners and Cross Creek Advisors, among others. Founded in 2012, the company has now raised $69 million in total funding. As part of the latest round, Neeraj Agrawal, a general partner at Battery Ventures, has joined the board.

TIMIA provides $1.5 mln in revenue funding to 7Geese

TIMIA Capital Corp has agreed to provide $2 million in revenue financing to 7Geese, a Vancouver-based human resources performance management company. TIMIA will initially deploy $1 million and make a further disbursement of $500,000 when certain milestones are met. Founded in 2010, 7Geese is led by CEO Amin Palzabin. It will use the funds raised for sales and marketing activity. TIMIA, a Canadian specialty finance firm, provides financing to technology companies in exchange for a royalty on revenue.

StorageOS raises $8 mln from Bain Capital Ventures, MMC Ventures, 645 Ventures

StorageOS said it raised $8 million of Series A capital in a round led by existing investor Bain Capital Ventures and joined by new investors MMC Ventures and 645 Ventures.

DG12 not raising venture fund: Correction

DG12 is not raising a venture-capital fund, according to angel investor Lee Linden.

State Auto Labs Fund provides capital to Matterport

Matterport, an immersive media technology company, has raised an undisclosed amount of funding. The investor was State Auto Labs Fund, which is managed by Rev1 Ventures.

Raven Telemetry scores $6.1 mln, Fresh Founders invests

Raven Telemetry, an artificial intelligence company focused on the manufacturing sector, has secured $6.1 million from a group of angel investors. Fresh Founders, including Shopify’s Tobi Lütke and Harley Finkelstein, joined the round alongside former Stackpole CEO Rob Lander, former TripAdvisor executive Luc Levesque, former Cognos CEO Rob Ashe, Jacket River and HBS Angel Investors. Ottawa-based Raven uses mobile hardware, software and cloud-based analytics driven by AI to improve plant efficiency. It was founded in 2013 by CEO Martin Cloake, President Andrew Blanchard and Head of Data Science Braden Stenning.

Raven Telemetry secures $6.1 mln

Ontario-based Raven Telemetry, a artificial intelligence company for manufacturing, has raised $6.1 million in funding. The investors included Fresh Founders, former TripAdvisor Vice President Luc Levesque, HBS Angel Investors of New York and Jacket River. Raven launched in 2013.

Massage scheduling app Soothe attracts $31 mln

California-based Soothe, an app that helps people schedule same-day massages, has raised $31 million in funding, according to a blog post. The Riverside Company led the round.