US

Brightstone Venture Capital collects over $25 mln for new fund

Brightstone Venture Capital has raised over $25 million for its new fund. BVC2 LP wll focus on early-stage tech and life science businesses mostly in Minnesota. Its hard cap target is $100 million.

Milestone Pharmaceuticals lands $55 mln Series C

Montreal-based Milestone Pharmaceuticals Inc, a clinical stage cardiovascular company, has closed $55 million in Series C financing. Novo Holdings A/S led the round with participation from other investors that included Forbion Capital Partners, Tekla Capital Management, Domain Associates, Fonds de solidarité FTQ, BDC Capital, Pappas Capital and GO Capital. In conjunction with this financing, Dr. Nilesh Kumar of Novo Ventures US Inc has been added to Milestone's board of directors while Daniel Omstead of Tekla Capital Management will become an board observer.

Homology Medicines racks up $83.5 mln Series B

Bedford, Massachusetts-based Homology Medicines Inc, a genetic medicines company, has raised $83.5 million in Series B financing. Deerfield Management led the round with participation from Fidelity Management and Research Company, HBM Healthcare Investments, Maverick Ventures, Novartis, Rock Springs Capital, Vida Ventures, Vivo Capital, Alexandria Venture Investments, 5AM Ventures, ARCH Venture Partners and Temasek.

Sendence nets $1.5 mln

New York City-based Sendence, a data platform provider, has closed $1.5 million in funding. The investors were Boldstart Ventures, Contour Venture Partners, Greycroft, Notation Capital and Resolute Ventures.

Brain-computer interface tech startup Neurable picks up funding

Neurable, a brain-computer interface tech startup, has raised an undisclosed amount of funding. The investor was the Zell Lurie Founders Fund at the University of Michigan's Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies.

Olson named CFO at TriplePoint Venture Growth BDC Corp

TriplePoint Venture Growth BDC Corp said July 31 that it named Andrew Olson as its chief financial officer effective Aug. 10. Olson also serves as chief financial officer of TriplePoint Capital LLC, TPVG’s sponsor.

ACT invests $10.5 mln in New Markets Venture Partners

ACT said Aug. 1 that it invested $10.5 million in New Markets Venture Partners. New Markets, of Fulton, Maryland, is an education technology-focused venture firm.

Seed funding slows in Silicon Valley: Reuters

The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies, Reuters reported.

Due Diligence must grow up: Maturity Modeling is the way to uncover risks, discover opportunities

500 Canada folding in wake of recent sexual misconduct allegations involving Dave McClure

500 Canada, the Canadian fund operation of 500 Startups, is folding and will not make any new investments as a result of recent sexual misconduct allegations involving co-founder Dave McClure, according to reports, including from the Canadian tech news site BetaKit. 500 Canada launched in March 2016 and was reportedly halfway to raising its $30 million targeted fund when news of McClure's conduct became public.