Private Equity
Montréal-based biotechnology startup SemaThera Inc has raised about $2.6 million (US$2 million) in its latest financing. The round was backed by Japan's Senju Pharmaceutical Co Ltd and Canadian life sciences seed-stage investor AmorChem, which spun out and funded SemaThera last year. The proceeds will be used to prepare the company's lead drug, ST-102, for clinical trials as an intravitreal injection in diabetic macular edema. SemaThera also struck a licensing deal with Senju to develop and market ST-102 in China and Japan. In December, AmorChem launched its second fund at an initial capitalization of $44.2 million.
3 min read · 23 March 2018
Elephant has raised $250 million for its second fund, according to an SEC filing. The Boston-based venture firm is focused on consumer internet, mobile and software.
1 min read · 23 March 2018
Baltimore-based Dracen Pharmaceuticals Inc, a developer of anticancer therapies, has raised $40 million in Series A funding. The investors included Deerfield Management.
1 min read · 23 March 2018
London-based Insly, a cloud-based insurance platform, has secured 2.2 million euros in funding, according to a blog post on its site. Concentric and Black Pearls VC led the round.
1 min read · 23 March 2018
Shiftboard Inc, a SaaS provider of on-demand, workforce management solutions, has raised $4 million in funding. Voyager Capital led the round with participation from Arnold Venture Group.
1 min read · 23 March 2018
Fly Blade Inc, a helicopter company, has raised about $38 million in Series B Financing. Colony NorthStar and Lerer Hippeau led the round with participation from Airbus Helicopters and LionTree Ventures.
1 min read · 23 March 2018
Glendale, California-based ServiceTitan, a provider of workflow and field service management software for home-service businesses, has raised $62 million in Series C funding. Battery Ventures led the round with participation from return backers Bessemer Venture Partners and ICONIQ Capital. In conjunction with the transaction, Battery General Partner Michael Brown will join ServiceTitan's board.
1 min read · 23 March 2018
Las Olas Venture Capital said it had a $28.5 million final close on a maiden venture capital fund.
1 min read · 22 March 2018
Business Development Bank of Canada (BDC) is financing $325,000 in loans to be provided by Rise Asset Development to support entrepreneurs with mental health and addiction challenges. The amount will be disbursed over two years through loans of $5,000 to $10,000. It will allow Rise, a Toronto-based provider of low-interest small business loans and mentorship to individuals living with mental illness and addictions, to expand its program in Canada. Rise has extended more than $1 million in loans since it was founded in 2010 by the Rotman School of Management and the Centre for Addictions and Mental Health.
4 min read · 22 March 2018
Lightspeed Venture Partners announced that it has added Semil Shah as venture partner. Shah is founder and sole GP of the seed-stage investment firm Haystack, which has backed DoorDash, Giphy and Instacart, among others. Lightspeed said that Shah will continue to run Haystack while serving as venture partner at the firm.
1 min read · 22 March 2018
