Private Equity
San Francisco-based seed investor Homebrew, a backer in Bond Street, Pillow and Shyp, among others, announced it has raised $90 million for its third early-stage fund. The new vehicle is 80 percent larger than the $50 million the firm raised almost exactly three years ago for its second fund. At that time, Homebrew also raised $35 million for a follow-on fund to do primarily Series B deals.
1 min read · 13 February 2018
At least two Canadian forestry companies are reviewing offers by cryptocurrency miners who want to lease excess mill space in Québec, a province where electricity prices are among the lowest in North America, Reuters reported. Resolute Forest Products and Fortress Global Enterprises said they have received interest from Canadian and foreign cryptominers, although both cautioned their talks are preliminary. A surge in demand for space to build data centres that “mine” digital currencies offers potential new revenue streams for forestry businesses looking to find uses for space in mills no longer used for production due to declining demand for certain traditional products. The threat of a crackdown in countries like China has driven miners to Canada, with the country’s largest electric utility Hydro Québec seeing its cryptocurrency sales pipeline more than triple in a month to over 100 projects.
3 min read · 12 February 2018
Wave Capital has raised $31.5 million toward a $35 million maiden venture capital fund, according to a filing with the SEC.
1 min read · 12 February 2018
Brown Advisory, an investment advisory firm, has acquired network-driven venture firm NextGen Venture Partners. No financial terms were disclosed.
3 min read · 12 February 2018
XebiaLabs, a provider of enterprise DevOps and continuous delivery software, has raised over 100 million in Series B funding. The investors included Susquehanna Growth Equity and Accel. In conjunction with the funding, Martin Angert, director at Susquehanna Growth Equity, and Arun Mathew, partner at Accel, will join XebiaLabs’ board of directors.
5 min read · 12 February 2018
Mountain View, California-based DataVisor, a provider of fraud detection solutions, has secured $40 million in Series C financing. Sequoia China led the round with participation from return backers New Enterprise Associates and GSR Ventures. In addition to the funding, Rock Wang, managing director at Sequoia China, will join DataVisor's board of directors.
1 min read · 12 February 2018
Canadian venture capital firm Portag3 Ventures has appointed Stephan Klee as chief financial officer. Klee, who has 15 years of experience as a CFO and chief of staff at various companies, joins Portag3 after serving with Zenbanx Holding Inc and remaining in an executive capacity following Zenbanx's merger last year with SoFi Inc. Portag3 invests in financial technology startups on behalf of Power Corp's Power Financial Corp, IGM Financial Inc and Great-West Lifeco Inc. In 2016, PE Hub Canada interviewed Portag3 President and Managing Partner Adam Felesky.
3 min read · 12 February 2018
New York City-based Stash, an investing app, has raised $37.5 million in Series D funding. Union Square Ventures led the round with participation from other investors that included Breyer Capital, Coatue Management, Entree Capital, Goodwater Capital and Valar Ventures.
1 min read · 12 February 2018
SecFi, which provides financing to option holders and shareholders of late-stage private companies without them having to sell those shares, has raised $1 million in seed funding. Social Leverage, FJLabs and CoVenture led the round.
1 min read · 12 February 2018
Walnut Creek, California-based YapStone, a provider of online and mobile payment solutions, has raised $71 million in Series C funding. Premji Invest led the round with participation from other investors that included Mastercard, Accel and Meritech Capital Partners.
1 min read · 12 February 2018
