Private Equity
San Francisco-based Amity Ventures has raised over $48 million for its new fund, according to an SEC filing. The target is $300 million.
1 min read · 21 March 2018
Spero Ventures, a spin-out of Omidyar Network, a philanthropic investment firm funded by eBay co-founder Pierre Omidyar, has launched and raised $100 million for its debut fund, according to a blog post by Shripriya Mahesh, the new venture firm's founding partner. The fund's investor is Omidyar.
1 min read · 21 March 2018
Profound Medical Corp (TSX-V: PRN), a Toronto-based medical device company focused on treatments for prostate cancer and other diseases, has raised $34.5 million in the close of a bought deal financing. Canadian life sciences venture capital firm Genesys Capital, Profound's founding investor, confirmed its participation in the offering with PE Hub Canada. Profound, which went public in 2015, said it will use the proceeds to advance clinical trials and commercialization of its TULSA-PRO and Sonavelle systems, and support R&D and acquisitions. Led by CEO Arun Menawat, Profound is also a portfolio company of BDC Capital's Healthcare Fund.
3 min read · 21 March 2018
San Francisco-based Averon, a developer of a mobile identity verification standard, has raised $5 million in Series A1 financing. The lead investors were Avalon Ventures and Salesforce founder and CEO Marc Benioff.
1 min read · 21 March 2018
Sift Science, a provider of fraud prevention and risk management solutions using real-time machine learning, has secured $53 million in Series D funding. Stripes Group led the round with participation from return backers Union Square Ventures, Insight Venture Partners and Spark Capital.
1 min read · 21 March 2018
The Riveter, a female-forward company focused on creating spaces online and in the physical world for entrepreneurs, remote workers and freelancers, has raised $4.75 million in funding. Madrona Venture Group led the round.
1 min read · 21 March 2018
Green Tank Technologies, a Toronto-based maker of vaporization hardware for the cannabis industry, has secured C$4.3 million in a seed-stage financing. The round was led by Green Acre Capital, a Canadian cannabis investment firm, and Casa Verde Capital, the venture capital firm of U.S. rapper Snoop Dogg. Alan Gertner and Lorne Gertner, founders of Tokyo Smoke, now Hiku Brands, also invested. The funds raised will be used for Green Tank’s product development, market expansion and the growth of WeCannect, a cannabis-focused discovery and networking platform. Green Tank was founded in 2016 by Corey Koffler and Dustin Koffler.
4 min read · 21 March 2018
San Francisco-based Fauna Inc, a transactional NoSQL database, has raised $25 million in Series A funding. The investors included Capital One Growth Ventures, GV, Point72 Ventures, Afore Capital and Costanoa Ventures.
1 min read · 21 March 2018
Vision Critical has acquired certain assets of Aida Software Corp, a Vancouver-based startup that specializes in applying artificial intelligence to customer experience and support applications. No financial terms were released. Vision Critical, a Vancouver-based provider of customer intelligence software, said the buy will accelerate development and integration of machine learning and AI-related applications for its Sparq 3 platform. Aida's team, including Founder and CEO Jenny Yang, will join Vision Critical as a result of the deal. Vision Critical, which last year bought Pressly, is backed by Georgian Partners, OMERS Ventures, Telus Ventures, W Capital Partners and others.
3 min read · 21 March 2018
Sunnyvale, California-based Clari, a provider of AI solutions for sales, has secured $35 million in financing. Tenaya Capital led the round with participation from Thomvest Ventures, Blue Cloud Ventures, Sequoia Capital, Bain Capital Ventures and Northgate Capital.
1 min read · 21 March 2018
