Private Equity
Rapid Micro Biosystems, a provider of rapid microbial detection technology for the healthcare product manufacturing sector, has secured $60 million in financing. Bain Capital Life Sciences and Xeraya Capital led the round with participation from Asahi Kasei Medical, Longitude Capital, Quaker Partners, TVM Capital and Richard K. Mellon and Sons. Locust Walk provided financial advice to Rapid Micro Biosystems on the transaction.
1 min read · 02 May 2018
BenchSci, a Toronto-based artificial intelligence-powered search engine for biological products, has raised about $10.3 million (US$8 million) in a Series A financing. The round was led by Canadian venture capital firm iNovia Capital. It was joined by Google’s AI fund, Gradient Ventures, Golden Venture Partners, Afore Capital, Real Ventures and Radical Ventures. BenchSci's platform helps biomedical researchers find reliable antibodies faster and less expensively than current methods. Founded in 2015 and led by CEO Liran Belenzon, the company will use the funds raised to expand its team, implement new sales and marketing programs, and scale its technology.
5 min read · 02 May 2018
Trusted Key Solutions said it raised $3 million in a seed round led by Founders Co-Op and joined by Pithia, the venture capital company of The RChain Cooperative.
3 min read · 02 May 2018
IBeat said it raised $5.5 million in seed funding from new investors Kairos, 8VC, City Light Capital, Plug and Play Ventures and ChinaRock Capital Management, and angel investors Tony Robbins, Josh Kazam, Shlomo Ben-Haim, Fred St. Goar, and Dr. Uma Valeti.
3 min read · 02 May 2018
Passage AI said it raised $7.3 million of Series A capital in a round led by Blumberg Capital. The new investment brings company's total funding to $10.3 million.
3 min read · 02 May 2018
Ottawa-based financial technology startup MindBridge Analytics Inc has raised $8.4 million in a Series A financing, bringing its total funding to $15 million. Real Ventures, which invested in MindBridge Ai's seed financing last June, led the Series A round. It was joined by Reciprocal Ventures, National Bank of Canada, The Group Investment and 8VC. MindBridge Ai's platform uses machine learning and artificial intelligence to detect anomalous patterns of activities, unintentional errors and intentional misstatements to help organizations minimize financial loss and reduce liability. Founded in 2015, the company is led by CEO Eli Fathi.
3 min read · 01 May 2018
Humu said it raised $30 million of Series B capital in a round led by Institutional Venture Partners.
1 min read · 01 May 2018
PenderFund Capital Management’s new tech growth fund agreed to make its first investment, a $3 million stake in medical-imaging company Clarius Mobile Health, an executive at the Vancouver firm told Buyouts. Maria Pacella, senior vice president of private equity, is co-manager of Pender Technology Inflection Fund, alongside Founder and CEO David Barr. The fund, which held a first close in February, is seeking to raise $50 million, Pacella said, with a final close expected in spring 2019.
2 min read · 01 May 2018
Ontario Capital Growth Corp (OCGC), the venture capital agency of the Ontario government, has invested in two venture capital firms as part of its mandate to support the growth of clean technology companies in the province. OCGC committed $20 million to Yaletown Innovation Growth Fund, the emerging-growth technology fund of Canadian firm Yaletown Partners. It also committed $35 million to the Canadian energy technology fund of European firm Emerald Technology Ventures. In December, PE Hub Canada reported on the initial close of the Yaletown fund at more than $100 million.
3 min read · 01 May 2018
Profound Medical Corp (TSX-V: PRN), a Toronto-based medical device company focused on treatments for prostate cancer and other diseases, has appointed Aaron Davidson as CFO and senior vice-president of corporate development. Davidson joins Profound from HIG BioHealth Partners, the healthcare investment affiliate of U.S. private equity firm HIG Capital. He continues to serve as an HIG venture partner, the company said. Davidson formerly served as a vice-president at Ventures West Management. Profound, a portfolio investment of Genesys Capital and BDC Capital, closed a $34.5 million financing in March.
4 min read · 01 May 2018
