Private Equity
Secure Exchanges, a Drummondville, Québec-based e-mail security platform, has closed its first round of financing. No financial terms were disclosed. The deal was led by Patrick d’Astous on behalf of members of Anges Québec. Founded in 2013 by Cédric Boivin, the startup's CEO, and Hughes Boivin, Secure Exchanges' technology ensures the privacy and security of an e-mail without reliance on a third-party application. The funds raised will be used by the company to complete proof of concept, enhance the solution, and commercialize it for mid-sized and large businesses in the insurance, legal and accounting industries.
2 min read · 15 March 2018
Nashville-based 180 Health Partners, which provides care coordination between opioid addicted mothers and healthcare providers, has raised $8 million in Series B financing. Spring Mountain Capital led the round with participation from Frist Cressey Ventures, Resolute Venture Partners and Altitude Ventures.
1 min read · 15 March 2018
Luxembourg-based Algoreg, a regulatory tech company, has raised $1 million in Series A funding. GAI RegTech Ventures, Jean-Pierre Bitton and G&F fund led the round.
1 min read · 15 March 2018
Merchant Advance Capital, a Vancouver-based online small business finance firm, has closed a $30 million delayed draw term loan facility. The source of the funding was Comvest Credit Partners, the credit affiliate of Comvest Partners, a U.S. private equity and debt firm. The loan facility will be used by Merchant to refinance existing debt and for growth capital. Founded in 2010 by President and CEO David Gens, Merchant utilizes technology and data science to reduce risk and offer lower fees and flexible repayment schedules to small and medium-sized companies in Canada.
3 min read · 15 March 2018
President Donald Trump’s move to block a Singapore-based company’s takeover of U.S. rival Qualcomm Inc threatens to stunt crucial Chinese investment in the country’s startup capital, according to Silicon Valley venture capitalists and tech executives.
3 min read · 15 March 2018
Hootsuite has secured about $65 million (US$50 million) in growth funding via a credit financing agreement with CIBC Innovation Banking. Hootsuite, a Vancouver-based social media management platform, said the additional capital will help the company to continue to expand in the Asia-Pacific region, Europe and Latin America, and enhance its offering for such key industries as financial services, government and healthcare. Founded in 2008 by CEO Ryan Holmes, Hootsuite reports having more than 16 million customers, including most of the Fortune 1000. CIBC Innovation Banking launched in January with the bank's buy of the assets of Canadian specialty finance firm Wellington Financial.
3 min read · 15 March 2018
UK-based car subscription company Drover has secured 5.5 million pounds in funding. Cherry Ventures, Partech and BP Ventures led the round.
5 min read · 15 March 2018
Chicago-based Foxtrot, a "next-generation corner store," has secured $6 million in Series A funding. Fifth Wall led the round with participation from Lerer Hippeau, Revolution’s Rise of the Rest Seed Fund, Collaborative VC, BoxGroup, Maveron, M3 Ventures and The University of Chicago.
4 min read · 15 March 2018
San Francisco and New York City-based Kiddom, a collaborative learning platform for teachers, has raised $15 million in Series B funding, according to a source familiar with the transaction. Owl Ventures led the round with participation from other investors that included Khosla Ventures.
1 min read · 15 March 2018
Hayward, California-based Arcus Biosciences, a developer of cancer immunotherapies, has raised $120 million for its IPO after pricing its 8 million shares at $15 per share. The stock began trading March 15, 2018 on the New York Stock Exchange under the ticker symbol "RCUS." Citigroup, Goldman Sachs and Leerink Partners are the lead underwriters. The investors included Taiho Ventures, GV, Invus, DROIA Oncology Ventures, Stanford University, The Column Group, Foresite Capital, Novartis and Celgene.
3 min read · 15 March 2018
