North America

Artis names Vasudev Bailey partner, promotes Austin Walne

San Francisco-based Artis Ventures, an investor in Nimble Storage, Quid and Stemcentrx, announced it has named Vasudev "Vas" Bailey partner. Bailey, who helped found the enterprise sales and the healthcare business for Quid, has served as an adviser to Artis for the past two years. He will focus on investments in such healthcare sectors as therapeutic, diagnostic, device and digital. In addition, the firm promoted Austin Walne a partner. He has served the firm as a venture partner for the past three years.

The Fabric rakes in $15 mln for third fund

Mountain View, California-based The Fabric, a co-creation foundry focused on the cloud and infrastructure sector, has raised $15 million for its third fund. Fabric 3's investors include Verizon Ventures and March Capital Partners. The target is $20 million. The fund is expected to close by the end of April.

Genesis collects $7.2 mln for $10 mln-targeted fund

Holland, Michigan-based Genesis Innovation Group, a developer of medical device technologies, has raised $7.2 million for its $10 million-targeted venture fund. Cultivate(MD) Capital Fund GP LLC will focus on backing early-stage healthcare companies, with a special emphasis on medical device and orthopedic technologies.

Ventech Capital raises 140 mln euros for fifth fund

European venture firm Ventech Capital has secured 140 million euros for its fifth fund, according to an article posted on Medium Corp. The target is 200 million euros. Ventech Capital V's backers include European institutional investors, families and founders.

Blockdaemon takes in about $3.3 mln

New York City-based Blockdaemon, a blockchain deployment facilitator, has raised about $3.3 million in funding, according to a blog post. Comcast, Boldstart, MState and Plug and Play were among the investors.

Bain Capital leads seed round for Corvus

Boston-based Corvus, an insurance tech company, has raised $4 million in seed funding. Bain Capital led the round.

UK cybersecurity startup Snyk grabs $7 mln Series A

UK-based Snyk, a cybersecurity startup, has secured $7 million in Series A funding. Boldstart Ventures and Canaan Partners led the round.

Real estate tech company Qualia hauls in $33 mln Series B

San Francisco-based Qualia, a real estate technology company, has raised $33 million in Series B funding. Menlo Ventures led the round with participation from 8VC, Bienville Capital and Barry Sternlicht.

Newterra acquires Aeration from Granite Partners

Newterra Ltd has acquired Aeration Industries International LLC, a Chaska, Minnesota-based provider of wastewater aeration and mixing solutions. No financial terms were released for the deal, which saw Aeration sold by Granite Equity Partners, a U.S. private equity firm that has owned the business since 2010. Newterra is a Brockville, Ontario-based specialist in decentralized and modular water, wastewater, and groundwater remediation solutions. It said the deal will diversify revenue, support growth, and increase or add a presence in the industrial wastewater treatment and aquaculture markets. Newterra is backed XPV Water Partners and other investors.

Ocient nets $10 mln Series A

Chicago-based Ocient, a builder of database and analytics software, has secured about $10 million in Series A funding. The investors in this round were not identified.