Private Equity
Enerkem, a company that turns trash into clean fuels and green chemicals, this week accounted for the biggest cleantech deal in the history of Canada’s venture market. The Montréal company on Tuesday said it raised $280 million in new financing. The round was backed by U.S. investment manager BlackRock and Chinese bioindustrial conglomerate Sinobioway, both new investors, as well as Enerkem’s longstanding investors. The Enerkem deal is the all-time largest raised by a domestic VC-backed cleantech company, Thomson Reuters data show. It beats Enerkem’s own record, set in 2013, when it secured $87 million in two tranches.
3 min read · 07 February 2018
Halifax anti-infective pharmaceuticals developer Appili Therapeutics Inc has raised more than $4.3 million in a private placement financing, bringing its total funding since a 2016 seed round to more than $11.8 million. Both new and existing investors participated in the latest deal, including Innovacorp. In addition, a repayable contribution of $500,000 was provided by a program of the Atlantic Canada Opportunities Agency. The proceeds will be used for operations and continued growth. Specifically, they will help expand Appili's pipeline of anti-infectives with more in-licensed assets. Founded in 2015, Appili is led by CEO Kevin Sullivan.
3 min read · 07 February 2018
Siren said it raised a seed investment of about $3.7 million in a round led by the Atlantic Bridge University Fund.
1 min read · 07 February 2018
Menlo Ventures said it brought on Naomi Pilosof Ionita as an investing partner and Chris Penner as an operating partner.
1 min read · 07 February 2018
Edmond De Rothschild Investment Partners has closed its fifth European biotech and medical device venture fund at 345 million euros ($430 million). The fund beat its initial target of 250 million euros.
2 min read · 07 February 2018
Houzz Inc has acquired New York-based IvyMark, a provider of business management software for interior design firms. No financial terms were disclosed. IvyMark's backers included Pitango Venture Capital, NFX and Disruptive VC, according to Crunchbase.
3 min read · 07 February 2018
CloudBees has acquired Boston-based CodeShip, a provider of continuous integration and delivery products in the cloud. No financial terms were disclosed. CloudBees was backed by Matrix Partners, Lightspeed Venture Partners and Verizon Ventures.
4 min read · 07 February 2018
San Francisco-based Yoshi, a subscription service provider for on-site car maintenance and gas delivery, has secured $13.7 million in Series A funding. General Motors Ventures and ExxonMobil led the round with participation from other investors that included with Y Combinator.
1 min read · 07 February 2018
Redwood City, California-based Highfive, provider of a video conferencing system for meeting rooms, announced it has raised $32 million in Series C funding led by Dimension Data. Existing investors Lightspeed Venture Partners, General Catalyst and Andreessen Horowitz also participated in the round. The company has now raised $77.4 million in total funding since it was founded in 2012.
1 min read · 07 February 2018
South San Francisco-based Zenflow Inc, a medical device company, has secured $31.4 million in Series A funding. Invus Opportunities, F-Prime Capital Partners and Medical Technology Venture Partners led the round.
3 min read · 07 February 2018
