Private Equity
New York City-based Quentis Therapeutics, a biotech company that focuses on treating cancer patients, has raised $48 million in Series A funding. The investors included Versant Ventures, Polaris Partners, AbbVie Ventures, Taiho Pharmaceutical Co. Ltd, Yonghua Capital, Alexandria Venture Investments and New York Ventures, the investment arm of Empire State Development.
1 min read · 28 February 2018
San Francisco-based Collective Health, a healthcare platform, has raised $110 million in funding. The investors included New Enterprise Associates, Founders Fund, GV, Maverick Ventures, Sun Life Financial and Mubadala Ventures.
1 min read · 28 February 2018
Vancouver apparel company Indochino recently raised a strategic investment from Japan's Mitsui & Co. No financial terms were disclosed. The funds raised and partnership will help the company expand across North America and invest in its global operations and supply chain. Founded in 2007 and led by CEO Drew Green, Indochino provides custom men's clothing online, via mobile and in its showrooms. Mitsui is the company's third strategic partner, joining Dayang Group, which invested in 2016, and Postmedia Network Inc. Indochino is also backed by Acton Capital Partners, Highland Consumer Partners, Madrona Venture Group and Version One Ventures.
4 min read · 28 February 2018
Jiffy on Demand, a Toronto-based home maintenance service platform, has secured about $3 million (US$2.4 million) in a follow-on financing. Canadian early-stage venture capital firm Golden Venture Partners led the round. It was joined by Hedgewood, which backed the company's 2016 financing, and Two Small Fish Ventures. Founded in 2015, Jiffy's mobile platform connects consumers needing home maintenance work with repair professionals. Led by CEO Ryan Shupak, the company will use the funds raised for platform development, marketing initiatives and geographic growth, including in the United States. Jiffy recently launched in Boston.
3 min read · 28 February 2018
San Francisco-based Coalition Inc, a cyber insurer, has raised $10 million in Series A funding. The investors included Vy Capital, Ribbit Capital, Valor Equity Partners, Y Combinator President Sam Altman and Deep Nishar, senior managing director of Softbank Vision Fund.
1 min read · 28 February 2018
Berkeley, California-based Eko, a maker of an acoustic cardiac monitoring, announced it has raised $5 million in Series A funding. Artis Ventures led the round, which included Strategic Partners, Dreamlt Ventures, 1812 Ventures and Founder.org. As part of the financing, Vasudev Bailey, partner at Artis Ventures, has joined the board.
1 min read · 28 February 2018
Sante Ventures is seeking to raise $200 million for its third fund, according to an SEC filing. The Austin, Texas-based venture firm invests in early-stage life sciences and healthcare companies.
1 min read · 28 February 2018
Dragoneer Investment Group has invested about $186 million (US$146 million) in PointClickCare Technologies, a Toronto-based cloud software platform targeted to the long-term and post-acute care market. With the deal, Dragoneer's Christian Jensen has joined the board. Dragoneer, which led the company's $111 million financing last year, bought the additional shares from existing investors. As a result, the U.S. growth equity firm increased its stake to over 20 percent, making it PointClickCare's largest institutional investor. Founded by CEO Mike Wessinger, PointClickCare reported year-over-year profitable growth of more than 25 percent in fiscal 2017.
3 min read · 28 February 2018
Splunk Inc has agreed to acquire Phantom Cyber Corp, a security automation provider, for about $350 million. The deal is expected to close during the first half of this year. Phantom Cyber's backers included TechOperators and Blackstone.
3 min read · 28 February 2018
Current has raised funding from Fifth Third Capital, bringing its total tally to $10 million. Current is a debit card for teens.
1 min read · 28 February 2018
