Private Equity
Clean technology venture capital firm Cycle Capital Management has promoted Shirley Speakman to the position of senior partner. Speakman, who joined Cycle in 2014, has since 1995 held several senior roles in corporate finance and the venture capital industry, including as a director of MaRS Investment Accelerator Fund. Andrée-Lise Méthot, Cycle's founder and managing partner, said Speakman's promotion "consolidates the gender parity of our partnership." Cycle, which has offices in Montréal, Toronto and Qingdao, China, as well as a U.S. market presence, manages more than $350 million in assets.
3 min read · 22 March 2018
St. Louis, Missouri-based SteadyMD, a provider of online concierge primary care, has secured $2.5 million in funding. Pelion Venture Partners led the round with participation from other investors that included CrossCut Ventures, M25 Group, Service Provider Capital and Hyde Park Venture Partners.
1 min read · 22 March 2018
Madrona Venture Group has named Sudip Chakrabarti a partner, the first member of its investment team recruited from a Silicon Valley venture capital firm.
1 min read · 22 March 2018
Boulder, Colorado-based ArcherDX, a provider of NGS-based gene fusion detection assays, has secured $35 million in financing. Boulder Ventures Ltd and PBM Capital Group LLC led the round with participation from Longwood Fund and Peierls Foundation. In addition to the funding, Kyle Lefkoff of Boulder Ventures has joined ArcherDX's board of directors.
1 min read · 22 March 2018
Hitachi Ltd, a Japanese conglomerate, has agreed to invest in a fund managed by Foster City, California-based venture firm Geodesic Capital. Geodesic Capital Fund I-S is a supplemental fund of the company’s first fund that was established in 2015. According to a recent SEC filing, the fund is targeted at $165 million. Geodesic invests in emerging growth companies in Silicon Valley.
4 min read · 22 March 2018
UK-based eToro, a social trading and investment platform, has raised $100 million in Series E funding. China Minsheng Financial led the round with participation from other investors that included SBI Group, Korea Investment Partners and World Wide Invest. Rothschild provided financial advice to eToro on the transaction.
3 min read · 22 March 2018
Cambridge, Massachusetts-based Rheos Medicines, a biopharmaceutical company, has raised $60 million in Series A funding. The investor was Third Rock Ventures.
1 min read · 22 March 2018
San Francisco-based Blockchain Capital, a venture firm focused on the blockchain technology sector and crypto ecosystem, has raised $150 million for its fourth fund. Blockchain Capital IV's limited partners include fund of funds, foundations, strategic investors and family offices. In conjunction with the fundraising, Blockchain has promoted Spencer Bogart from managing director and head of research to partner.
3 min read · 22 March 2018
London-based venture firm Balderton Capital is expanding its investment team with three new hires. Joining Balderton are Isabel Bescos, Cayetana Hurtado and Diane Albouy.
2 min read · 22 March 2018
San Francisco-based AdStage, a closed-loop reporting and automation platform for paid marketers, has secured $3 million in funding. Forté Ventures, HubSpot and Verizon Ventures led the round.
1 min read · 22 March 2018
