Blog Archive

Friday, October 18, 2019

VC Deals Only. Weekend Edition. Level Home raises $71 million from Walmart to imbue locks with connected smarts

VC Deals

Wheels, the startup founded by Wag founders Jonathan and Joshua Viner, just announced a $50 million round led by DBL Partners. This round brings Wheels’ total funding to $87 million. Wheelscurrently operates in six markets, including San Diego, Los Angeles, Atlanta, Chicago, Dallas, and Scottsdale, Ariz.The plan is to use the funding to deploy in additional markets throughout the U.S. and in international markets.  More


Blue Canoe, a Bellevue, WA-based provider of an artificial intelligence (AI) B2B platform for non-native English speakers to improve their clarity and confidence in speaking English, closed its seed round, raising $2.5m.  More 

In less than two years, Revel has gone from an idea to a shared electric vehicle startup with more than 1,400 mopeds across Washington, D.C., and Brooklyn and Queens, New York. Now, it’s ready to grow up — and beyond these three cities — with a fresh injection of $27.6 million in capital raised in a Series A round led by Ibex Investors .  More 

Smart locks that play nicely with HomeKit and similar platforms are a proposition almost too good to pass up. Level Home today revealed that it’s raised over $71 million in funding from Walmart, Hut 8 Ventures, and home construction and real estate company Lennar. More 

Thimble, which offers flexible, short-term insurance to small businesses and freelancers, is announcing that it has raised $22 million in a Series A funding round led by IAC.  More 

New York’s Rho Business, which wants to create a digital business banking system for early-stage and high-growth startups, has raised a $4.9 million seed round led by Inspired Capital.  More 

Sponsor

myCareBase™is a platform for seniors and their families to find, evaluate, hire and manage home support services, to improve the seniors’ ability to remain living safely in their current home for as long as possible. The caregiver marketplace currently offers candidates in Greater Toronto and Greater Vancouver.

To compliment this platform the company also offers an innovative care management app that centralizes communication and task management among family members and the caregiver, along with a Care Concierge service to help family members with administrative, navigational or organizational tasks

New Funds 

Singapore based Insignia Ventures Partners has hit an oversubscribed final close for its second fund at US$200 million. Limited partners include premier institutional investors such as sovereign wealth funds, university endowments, foundations and renowned family offices from Asia, Europe and North America, said Insignia.  More

M13, an early-stage consumer technology venture capital firm that has invested in Lyft, Pinterest, Ring, Bird and more has raised a second, $175 million fund. The fund was raised by a number of limited partners, including Sir Richard Branson, a serial entrepreneur and founder of Virgin Group and Arianna Huffington, founder of The Huffington Post and Thrive Global.  More 

Exits 

Intel Corp (INTC.O) has agreed to purchase a software business from Toronto-based Pivot Technology Solutions Inc (PTG.TO) for $27 million, the U.S. chipmaker. Intel said it would buy Smart Edge, a software that helps split up data and store it closer to users to make computing devices respond faster. More 

As Facebook prepares to launch its new cryptocurrency Libra in 2020, it’s putting the pieces in place to help it run. In one of the latest developments, it has acquired Servicefriend, a startup that built bots — chat clients for messaging apps based on artificial intelligence — to help customer service teams.  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.

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IPOs 

Endeavor Holdings Group has officially withdrawn the registration of its planned IPO, about three weeks after it halted the launch of the stock on the New York Stock Exchange the same day it was to debut.  More 

Saudi Aramco’s board is expected to give final approvals to proceed with its mammoth share sale next week, according to people familiar with the matter. The board is planning to meet with its advisers on the initial public offering around Oct. 17, the people said, asking not to be identified because the matter isn’t public.  More


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