North America

Coveo raises $100 mln in Evergreen Coast-led investment

Coveo, a Québec City-based provider of artificial intelligence-powered insight engines, has raised $100 million in follow-on financing. The deal was led by Evergreen Coast Capital, the private equity affiliate of U.S. investment management firm Elliott Management Corp. Elliott secured a 27 percent stake as a result. Founded in 2005 and led by CEO Louis Têtu, Coveo serves more than 1,000 customers worldwide. The company will use the funds raised to accelerate growth by investing in sales and marketing, channels, new product lines and R&D, and by making acquisitions. Coveo's existing investors include BDC Capital, Fonds de solidarité FTQ, Tandem Expansion Fund and Telesystem.

DeepScale raises $15 mln from Point72, next47, Autotech Ventures, Trucks Venture Capital

DeepScale said it raised $15 million of Series A capital in a round led by Point72 and next47, and joined by existing investors Autotech Ventures and Trucks Venture Capital.

Impossible Foods snaps up $114 mln

Redwood City, California-based Impossible Foods, a developer of a plant-based meat alternative, has raised about $114 million in convertible note financing. Temasek and Sailing Capital were the lead investors.

Stackery nabs $5.5 mln

Portland, Oregon-based Stackery, a provider of software for businesses to operationalize and govern their serverless applications, has raised $5.5 million in funding. Steve Kishi of HWVP led the round with participation from Voyager Capital, Pipeline Capital Partners and Founders’ Co-op.

Shine procures $5 mln Series A

New York City-based Shine, a provider of daily motivational text messages, has raised $5 million in Series A funding, according to an announcement on the company's website. Comcast Ventures led the round with participation from betaworks, Eniac Ventures, Female Founders Fund, Felix Capital, BBG Ventures and The New York Times.

TRUSTX inks $2.2 mln

New York City-based TRUSTX, a cooperative programmatic advertising marketplace, has secured $2.2 million in funding. The investors were CBSi, ESPN, Meredith, FOX News and NBCUniversal.

The new momentum behind Montréal’s tech ecosystem

In the past decade, Montréal’s tech ecosystem has gone from fledgling to a Canadian leader in startup investment, writes Sylvain Carle, a partner at Real Ventures. In a PE Hub Canada feature article, Carle digs into why now is such a great time for tech entrepreneurship in Montréal and Québec by speaking with two of Real Ventures' investors: Tom Birch, vice president, funds and technology, at Caisse de dépôt et placement du Québec, and Jacques Perreault, associate vice president, technological innovations, Desjardins Business Capital régional et coopératif.

Qwil raises $5 mln from Mosaik, NextGen, 500 Startups, SVB, others, wins debt financing

Qwil said it raised $5 million of Series A capital in a round led by Mosaik and joined by NextGen, Reciprocal, 500 Startups, Cantos Ventures, Ranch.vc and Silicon Valley Bank.

Agritech company BioConsortia hauls in $10 mln

Davis, California-based BioConsortia, a provider of microbial solutions that increase crop yield, has raised $10 million in funding. Otter Capital led the round with participation from Khosla Ventures.

AI startup Verbit pulls in $11 mln seed

Verbit, an artificial intelligence startup, has secured $11 million in seed funding. HV Holtzbrinck Ventures, Vertex Ventures and Oryzn Capital led the round.