US

New venture fund Multiverse launches

Multiverse Investment Fund I LP, a Los Angeles-based fund focused on investing in gatekeeper bio and high-tech companies, has launched. Jack Kavanaugh, a former founder, chairman and CEO of ZetaRx, is one of the managing members of Multiverse's general partner.

RiverVest closes fourth fund at $184.4 mln

RiverVest Venture Partners, a life sciences venture firm, has closed its oversubscribed fourth fund at $184.4 million. According to the firm, RiverVest has funded 47 and exited or taken public 22 life science companies.

Canadian cybersecurity firm Cybeats inks $3 mln

Toronto-based cybersecurity company Cybeats has raised $3 million in funding. Ripple Ventures led the round with participation from GreenSoil Building Innovation Fund, MaRS IAF, MLA48, ScaleX and Inovia Capital. In conjunction with the funding, Cybeats has named Matt Cohen, founder and managing partner of Ripple Ventures and Susan McArthur, managing partner of GreenSoil Building Innovation Fund, to its board.

Spectrum Equity backs DataCamp

DataCamp, a New York-based online interactive learning platform focused on increasing data fluency, has secured an undisclosed amount of funding. Spectrum Equity led the round with participation from return backers Accomplice and Arthur Ventures.

Spectrum Equity invests in DataCamp

Spectrum Equity has invested in DataCamp. Financial terms weren’t announced. Existing investors Accomplice and Arthur Ventures are also investing. DataCamp, of New York, is a data science and analytics learning platform.

FTV Capital leads Egress $40 mln round

Egress said Dec. 18 that it has raised $40 million in Series C funding led by FTV Capital. Existing investor AlbionVC also participated. Egress provides data privacy and compliance software.

Female-led tech startup Momni inks more than $1.75 mln

Momni Inc, a female-led tech startup, has raised more than $1.75 million in funding. Tamarak Capital led the round.

Cycle Capital names two as partner and another as VP

Cycle Capital Management has made several new appointments. Pascal Drouin will become partner; Natalya Novikov has been named chief financial officer and partner; and Catherine Bérubé is now vice president, sustainability, investor relations and public affairs. CCM is a cleantech venture capital firm.

Sea Machines raises $10 mln led by Accomplice

Boston-based Sea Machines Robotics, which develops autonomous control technology for marine vessels, announced that it has raised $10 million in Series A funding. Accomplice VC led the round, with participation from Toyota AI Ventures, Brunswick Corp, through its investment partner TechNexus Venture Collaborative, Eniac Ventures, NextGen VP and others. Sea Machines, founded in 2014, has now raised $12.5 million in funding.

The Mom Project fetches $8 mln Series A

The Mom Project, a career destination for moms, has secured $8 million in Series A funding. Grotech Ventures and Initialized Capital led the round with participation from other investors that included Aspect Ventures, Atlanta Seed Company, Engage Ventures, OCA Ventures, BBG Ventures, IrishAngels and Wintrust Financial.