Private Equity
500px, a Toronto photo community and marketplace, has been acquired by Visual China Group for an undisclosed sum. Founded in 2009, 500px provides an online platform for sharing, buying and selling photography created by professional and hobbyist photographers from more than 195 countries. Led by CEO Andy Yang, 500px was also backed by Andreessen Horowitz, ff Venture Capital, Harrison Metal Capital and others.
4 min read · 26 February 2018
Austin, Texas-based ZenBusiness, which helps small businesses launch, has secured $4.5 million in seed funding. Lerer Hippeau led the round with participation from other investors that included Greycroft, Slow Ventures, Revolution’s Rise of the Rest Seed Fund and Founders Fund.
1 min read · 26 February 2018
Upchain, a Toronto-based collaborative product development platform, has secured $7.4 million in a Series A financing. Canadian venture capital firms OpenText Enterprise App Fund (OTEAF) and BDC Capital led the round. OTEAF General Partner Richard Black and BDC Partner Sean Brownlee will join the board as a result. Launched in 2015 by CEO John Laslavic, Upchain provides product life-cycle management solutions to a range of stakeholders in the product development chain, as well as post-sales support. The funds raised will be used for product enhancement and to expand the company's sales, marketing and customer success teams.
3 min read · 26 February 2018
RRE Ventures has raised $218.75 million for its seventh fund, according to an SEC filing. The target is $250 million. The New York-based venture firm backs software, internet and communications companies.
1 min read · 26 February 2018
PawnGuru, an online marketplace connecting consumers with local pawn shops, has secured $2.5 million in Series A funding. Impact America Fund and Invest Detroit Ventures led the round.
4 min read · 26 February 2018
500px, a Toronto photo community and marketplace, has been acquired by Visual China Group (VCG) for an undisclosed sum. Founded in 2009, 500px provides an online platform for sharing, buying and selling photography created by professional and hobbyist photographers from more than 195 countries. VCG has been a strategic partner to the company, leading 500px's $13 million Series B round in 2015 and helping distribute its visual content in China. VCG said the buy is a "further investment in an already-successful partnership." Led by CEO Andy Yang, 500px was also backed by Andreessen Horowitz, ff Venture Capital, Harrison Metal Capital and others.
4 min read · 26 February 2018
Causeway Media Partners has closed its second fund at $211.3 million, beating its $175 million target. The venture firm invests in sports media and sports tech-related companies.
2 min read · 26 February 2018
Santa Clara, California-based ZEDEDA, a startup powering the real-time enterprise, has raised $3.06 million in seed funding. The investors included Wild West Capital and Almaz Capital.
3 min read · 26 February 2018
PROCEPT BioRobotics said it raised $118 million from Viking Global Investors, new investor Perceptive Advisors and existing investors, including CPMG.
1 min read · 24 February 2018
MPM Capital has set out to raise a $400 million venture fund, according to a filing with the SEC.
1 min read · 23 February 2018
