VC Deals
Ethos, the company making simple, ethical life insurance, today announced it raised a $60 million Series C financing led by GV (formerly Google Ventures). This financing follows major revenue and customer growth, and supports Ethos’ mission to make life insurance coverage accessible for millions of families in the U.S. In addition to GV, Goldman Sachs is a new participant alongside existing investors Sequoia Capital and Accel, bringing the total funding to-date to more than $100 million. More
A British energy firm lighting up homes in Africa with pay-as-you-go solar power has secured £40m to extend its reach to Asia with the help of Japan’s Mitsubishi. The conglomerate has taken a stake in off-grid solar company BBOXX through the start-up’s latest funding round, which will power the Africa-focused company deeper into Asia. The funds will also help BBOXX, which operates in Rwanda, Kenya, Togo and the Democratic Republic of the Congo, to break into new African markets, where an estimated one in three people live without reliable access to electricity. More
Luma Health, a San Francisco
startup developing a patient engagement platform for health systems,
today announced that it’s raised $16 million in series B funding led by
PeakSpan Capital, with participation from U.S. Venture Partners and
strategic investors Cisco and the Texas Medical Center. The capital
infusion brings Luma Health’s total raised to $25.7 million, which
cofounder and CEO Adnan Iqbal said will be used to “scale and meet the
demands” of its customers. More
Yamaha Motor Ventures & Laboratory Silicon Valley (“YMVSV”), the strategic business development and investment arm of Yamaha Motor Co., Ltd. (“YMC”) (Tokyo: 7272), today announced it led the Series A funding round for Advanced Farm Technologies (AFT), a developer of robotic farming equipment that includes the T-6 robotic strawberry harvester. Leveraging the $100 million Yamaha Motor Exploratory Fund (the “Fund”), the AFT investment reflects YMVSV’s focus on disruptive technological solutions that meet the challenges of the global food supply chain. More
Homee, a Tampa, Florida-based startup developing an on-demand home services platform for homeowners and property managers, today announced that it’s raised $15 million in series B funding led by Forte Ventures, with participation from Liberty Mutual Strategic Ventures, Active Capital Partners, Florida Funders, Deepwork Capital, and Engage. The capital infusion, which also saw contributions from strategic investors The Hartford, State Farm Ventures, and Ferguson Ventures, brings Homee’s total raised to nearly $30 million. More
Sponsor
This post was brought to you by Woewoda Communications, your partner in the venture capital, private equity and startup markets; offering strategic communications, public relations & investor relation services to Canadian VCs, PEs, Angels, Endowments/Trusts, Family Offices, and Canadian startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotics.
Are you a Canadian GP/LP/CI or a Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience.
Serving Vancouver, Montreal, Toronto, Waterloo, Ottawa and Halifax.
New Funds
Kaszek Ventures, the investment firm that has been one of the primary architects of the recent boom in startup financing and growth in Latin America, has just raised $600 million across two new funds. The new commitments (raised in roughly two months) put Kaszek’s total capital under management at roughly $1 billion, making the firm the first local early-stage investor to hit that milestone. More
Pharmaceutical Co., a Tokyo, Japan-based specialty pharma company with a focus on oncology, is to invest up to US$30m in Remiges Biopharma Fund II, LP, a biopharma venture capital fund formed by Remiges Ventures, Inc.The company had invested the same amount in the Remiges BioPharma Fund I established in 2014, using it as a platform for open innovation with academia, research institutions, and startups in the early stages of development in the US and Europe. More
Exits
Apparel retailer Forever 21 is considering filing for bankruptcy as efforts to restructure its debt run dry, a person familiar with the situation told CNBC. The retailer has been exploring restructuring options to shore up its liquidity as it struggles with its business, CNBC previously reported. Those efforts, though, have stalled, making a bankruptcy more likely. More
SpotHero, the Chicago-based company that has developed an on-demand parking app, has raised $50 million in a Series D round led by Macquarie Capital. SpotHero has raised $118 million to date. The new capital will be used to expand its reach in the 300 U.S. and Canadian cities where it is already operating, build out its digital platform and strengthen partnerships with mobility companies. More
Digital Medical Tech, an Annapolis, MD-based solution provider for hospital management and asset tracking, raised $1.5m in seed funding. The company intends to use the funds to launch a nationwide engagement program for targeting healthcare providers and potential partnerships. Founded in 2016 by CEO Matthew Nicholson, Digital Medical Tech enables health systems to proactively track medical equipment and devices via a Bluetooth platform. The company’s real-time location system monitors and manages medical assets while requiring less infrastructure and shorter installation time compared to other tracking solutions. More
Boll & Branch, which sells sustainably sourced sheets, pillows, mattresses and towels, is announcing that it has raised $100 million in a strategic investment from L Catterton’s Flagship Buyout Fund. This looks like a big change from the company’s previous approach to funding. It was self-funded for its first two years (resulting in what CEO Scott Tannen described as “a lot of maxed out credit cards and five mortgages on my house”), and even when it started looking at venture capital, it only raised a total of $12 million from a single institutional backer, Silas Capital. More
Funding Circle, a San Francisco, CA-based small business loans platform, closed its first $198m asset-backed securitization (ABS) of US small business loans originated through its system. The deal marks the debut of Funding Circle’s US securitization sponsorship capability, and is the fifth securitization of Funding Circle business loans globally. The transaction is rated by two ratings agencies, with its senior tranche earning an A- (sf) rating from Kroll Bond Rating Agency and an A3 (sf) rating from Moody’s Investors Service. More
Digital Medical Tech, an Annapolis, MD-based solution provider for hospital management and asset tracking, raised $1.5m in seed funding. The company intends to use the funds to launch a nationwide engagement program for targeting healthcare providers and potential partnerships. Founded in 2016 by CEO Matthew Nicholson, Digital Medical Tech enables health systems to proactively track medical equipment and devices via a Bluetooth platform. The company’s real-time location system monitors and manages medical assets while requiring less infrastructure and shorter installation time compared to other tracking solutions. More
Boll & Branch, which sells sustainably sourced sheets, pillows, mattresses and towels, is announcing that it has raised $100 million in a strategic investment from L Catterton’s Flagship Buyout Fund. This looks like a big change from the company’s previous approach to funding. It was self-funded for its first two years (resulting in what CEO Scott Tannen described as “a lot of maxed out credit cards and five mortgages on my house”), and even when it started looking at venture capital, it only raised a total of $12 million from a single institutional backer, Silas Capital. More
Funding Circle, a San Francisco, CA-based small business loans platform, closed its first $198m asset-backed securitization (ABS) of US small business loans originated through its system. The deal marks the debut of Funding Circle’s US securitization sponsorship capability, and is the fifth securitization of Funding Circle business loans globally. The transaction is rated by two ratings agencies, with its senior tranche earning an A- (sf) rating from Kroll Bond Rating Agency and an A3 (sf) rating from Moody’s Investors Service. More
Ethos, the company making simple, ethical life insurance, today announced it raised a $60 million Series C financing led by GV (formerly Google Ventures). This financing follows major revenue and customer growth, and supports Ethos’ mission to make life insurance coverage accessible for millions of families in the U.S. In addition to GV, Goldman Sachs is a new participant alongside existing investors Sequoia Capital and Accel, bringing the total funding to-date to more than $100 million. More
A British energy firm lighting up homes in Africa with pay-as-you-go solar power has secured £40m to extend its reach to Asia with the help of Japan’s Mitsubishi. The conglomerate has taken a stake in off-grid solar company BBOXX through the start-up’s latest funding round, which will power the Africa-focused company deeper into Asia. The funds will also help BBOXX, which operates in Rwanda, Kenya, Togo and the Democratic Republic of the Congo, to break into new African markets, where an estimated one in three people live without reliable access to electricity. More
Yamaha Motor Ventures & Laboratory Silicon Valley (“YMVSV”), the strategic business development and investment arm of Yamaha Motor Co., Ltd. (“YMC”) (Tokyo: 7272), today announced it led the Series A funding round for Advanced Farm Technologies (AFT), a developer of robotic farming equipment that includes the T-6 robotic strawberry harvester. Leveraging the $100 million Yamaha Motor Exploratory Fund (the “Fund”), the AFT investment reflects YMVSV’s focus on disruptive technological solutions that meet the challenges of the global food supply chain. More
Homee, a Tampa, Florida-based startup developing an on-demand home services platform for homeowners and property managers, today announced that it’s raised $15 million in series B funding led by Forte Ventures, with participation from Liberty Mutual Strategic Ventures, Active Capital Partners, Florida Funders, Deepwork Capital, and Engage. The capital infusion, which also saw contributions from strategic investors The Hartford, State Farm Ventures, and Ferguson Ventures, brings Homee’s total raised to nearly $30 million. More
Sponsor
This post was brought to you by Woewoda Communications, your partner in the venture capital, private equity and startup markets; offering strategic communications, public relations & investor relation services to Canadian VCs, PEs, Angels, Endowments/Trusts, Family Offices, and Canadian startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotics.
Are you a Canadian GP/LP/CI or a Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience.
Serving Vancouver, Montreal, Toronto, Waterloo, Ottawa and Halifax.
New Funds
Kaszek Ventures, the investment firm that has been one of the primary architects of the recent boom in startup financing and growth in Latin America, has just raised $600 million across two new funds. The new commitments (raised in roughly two months) put Kaszek’s total capital under management at roughly $1 billion, making the firm the first local early-stage investor to hit that milestone. More
Pharmaceutical Co., a Tokyo, Japan-based specialty pharma company with a focus on oncology, is to invest up to US$30m in Remiges Biopharma Fund II, LP, a biopharma venture capital fund formed by Remiges Ventures, Inc.The company had invested the same amount in the Remiges BioPharma Fund I established in 2014, using it as a platform for open innovation with academia, research institutions, and startups in the early stages of development in the US and Europe. More
Exits
Apparel retailer Forever 21 is considering filing for bankruptcy as efforts to restructure its debt run dry, a person familiar with the situation told CNBC. The retailer has been exploring restructuring options to shore up its liquidity as it struggles with its business, CNBC previously reported. Those efforts, though, have stalled, making a bankruptcy more likely. More
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