US

Applitools raises $31 mln

Applitools said April 17 that it raised $31 million in Series C funding led by OpenView. Also participating were Sierra Ventures, Magma Venture Partners, iAngels, and La Maison. Applitools, of San Mateo, California provides an AI- powered visual testing and monitoring solution.

PSL Ventures Fund I raises $80 mln

Pioneer Square Labs has launched PSL Ventures, an $80 million fund that will invests in early-stage technology companies in the Pacific Northwest region of the U.S.

Before you get disrupted, think like a VC

Founders Fund leads $28 mln funding in Harbor, a blockchain securities company

San Francisco-based Harbor, which provides a platform and compliance protocol to standardize the way private securities are issued and traded on blockchains, announced it has raised $28 million in new funding. Founders Fund led the funding round, which included participation from new investors Andreessen Horowitz and Pantera Capital, as well as existing investors Craft Ventures, Vy Capital and Valor Equity Partners. Other new investors in the round included Future Perfect Ventures, 1confirmation, Abstract Ventures and Signia Venture Partners. Individual investors in the round included Nicolas Berggruen of Berggruen Holdings, Napoleon Ta of Founders Fund and Kyle Samani and Tushar Jain of Multicoin Capital. The company was founded in 2017 and has now raised more than $40 million in funding.

Rawadi named CEO of LNC Therapeutics

LNC Therapeutics said April 17 that it appointed Dr. Georges Rawadi as its new CEO. Rawadi was previously vice president of business development & intellectual property and a member of the management team at Celyad.

Natalie Massenet, Nick Brown launch Imaginary Ventures with $75mln

New York-based Imaginary Ventures announced it has closed its inaugural fund with $75 million in commitments. The early-stage firm invests in the beauty, wellness, food and beverage, lifestyle and fashion sectors. Its portfolio includes, among others, Appear Here, Dirty Lemon, Farfetch, Hum Nutrition and Universal Standard. Imaginary was co-founded by Natalie Massenet, who in 2015 resigned from luxury e-tailer Net-A-Porter, and Nick Brown, who most recently was a partner at 14W Venture Partners in New York. Other team members include Kelly Dill, an investment principal who previously was at Glossier and Uber, and CFO Katherine O’Neil, previously at CRV and Founder Collective.

Carpe raises $2.3 mln

Carpe said April 16 that it raised $2.3 million in seed funding co-ed by Carolina Angel Network and Duke Angel Network. Other investors include LaunchCapital, Rubicon Venture Capital, and Triangle Angel Partners. Seth Radwell, ex-CEO of Proactiv, also invested. Carpe, of Durham, North Carolina, is an antiperspirant lotion that aims to reduce embarrassing hand and foot sweat, especially in patients with hyperhidrosis.

Capital Southwest boosts credit facility to $200 mln

Capital Southwest Corp said April 16 that it expanded its Senior Secured Credit Facility to $200 million from $180 million. Capital Southwest, an internally managed BDC, said it added a new lender.

Coinbase buys Earn.com

Coinbase has acquired Earn.com, according to a blog post. Balaji Srinivasan, Earn.com’s co-founder and CEO, is joining Coinbase as chief technology officer. Earn.com lets senders use cryptocurrency to pay users when replying to emails or completing tasks. CNBC.com pegged the sale at $100 million.

Qapital raises $30 mln from Swedbank Robur and Northzone

Qapital said it raised $30 million from Swedbank Robur and Northzone.