Private Equity
Seattle-based Icertis, a provider of enterprise contract management in the cloud, has secured $50 million in Series D funding. Meritech Capital Partners led the round with participation from PSP Growth, Cross Creek Advisors, B Capital Group, Ignition Partners, Greycroft and Eight Roads Ventures.
1 min read · 08 February 2018
Taxelco Inc, a Montréal transportation company founded in 2015 by XPND Capital, has raised an additional $17 million in financing. XPND invested alongside Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and Fondaction CSN. The funds raised will allow Taxelco brand Téo Taxi, an electric taxi service, to advance technology development, buy 200 vehicles, hire about 600 drivers as well as other personnel, set up an operations centre, and grow its recharging station network. Taxelco, which also owns Taxi Diamond, acquired in 2016, and Taxi Hochelaga, said it plans to export its business model beyond Montréal starting in 2019.
4 min read · 08 February 2018
New York-based Attentive, provider of a personalized mobile messaging platform for ecommerce and retail businesses, has emerged from stealth and announced it has raised $13 million in Series A funding. Bain Capital Ventures led the round, which included Eniac Ventures and NextView Ventures. The company was co-founded in 2016 by CEO Brian Long and Vice President of Product Andrew Jones, co-founders of TapCommerce, the mobile app retargeting company that Twitter purchased in 2014 for about $100 million.
1 min read · 08 February 2018
Tilray, a Canadian medical cannabis startup, has raised $60 million in a Series A financing. The company, owned and funded since its founding in 2014 by U.S. cannabis private equity firm Privateer Holdings, was backed in the Series A for the first time by unidentified institutional investors. Tilray researches, cultivates, processes and distributes medical cannabis and cannabinoids. Headquartered in Nanaimo, British Columbia and led by CEO Brendan Kennedy, the company will use the funds raised to increase production capacity in North America and Europe, and scale distribution of products to more patients and pharmacies around the globe.
4 min read · 08 February 2018
Canadian medical cannabis company Tilray has closed C$60 million in Series A funding. The investors were not identified. Cowen was the placement agent on the fundraising while Cooley LLP provided legal counsel. Tilray is a portfolio company of Privateer Holdings, a legal cannabis-focused private equity firm.
4 min read · 08 February 2018
White Star Capital has promoted Lylan Masterman to general partner. Masterman, who joined White Star as a principal in 2014, will lead the firm's office in New York City and drive investments in the area. He will also continue to build White Star's networks in Silicon Valley and Asia on behalf of portfolio companies. Masterman's technology executive and venture capital background includes his on-going role as a fellow at Kauffman Fellows. Operating from London, New York, Montréal, Paris and Tokyo, White Star is an investor in early-stage technology companies.
3 min read · 07 February 2018
MineSense Technologies Ltd, a provider of sensor-based ore data and sorting solutions for large-scale mines, has secured an investment of about $5 million (US$4 million) from Japanese conglomerate Mitsubishi Corp. The deal, which follows MineSense's $19 million round last year, will accelerate the company's digital offering and support a strategy to "expand into key mining regions worldwide," CEO Jeff More said. Mitsubishi's investment took the form of a convertible bond. Founded in 2008, Vancouver-based MineSense's other investors include Aurus Ventures, Caterpillar Ventures, Chrysalix Venture Capital, Cycle Capital, EDC and Prelude Ventures.
2 min read · 07 February 2018
TrueBridge Capital Partners has closed its fifth venture capital fund-of-funds at a hard cap of $450 million, beating its $375 million target. TrueBridge Fund V's limited partners include foundations and endowments, corporate and public pension funds, family offices and high-net-worth individuals.
3 min read · 07 February 2018
Liza Landsman is joining New Enterprise Ventures as a venture partner. Her appointment begins in the early spring. Currently, Landsman is president of Jet.com.
3 min read · 07 February 2018
TLV Partners has raised $152.3 million for a second venture capital fund, according to a filing with the SEC.
1 min read · 07 February 2018
