Blog Archive

Saturday, October 26, 2019

VC Deals Only. Weekend Edition. Starling Bank raises additional £30M as it nears 1 millionth account holder

VC Deals

Logixboard, a Seattle, WA-based digital partner for freight forwarders, raised $4.2m in seed funding. The company intends to use the funds to expand its platform and accelerate product innovation. More

Octave, a national behavioral health practice, raised $11M in Series A funding. The company intends to use the funds to continue to expand nationally, with additional locations planned for California and New York next year. More

Fintech startup Athena has closed a $70 million Series C round as it looks to push into mortgage origination. The country’s largest industry fund, AustralianSuper, joined the raise alongside long-term backers Square Peg Capital, AirTree Ventures and Hostplus, as well as Salesforce Ventures and NAB Ventures. More

French startup MadBox is raising a $16.5 million (€15 million) Series A funding round from Alven. The company is developing mobile games and handles everything from start to finish, from game design to publishing and user acquisition. More

Clay Wilkes had already been retired for six years when he launched Galileo Financial Services in 2000. The serial entrepreneur, who had been an early pioneer in telecommunications technologies now runs the backend integrations with financial institutions for some of the biggest names in financial technology and has just raised $77 million in financing from Accel Partners. More

Fabric, the startup that wants to make automated logistics available to retailers of all sizes, announced today it has raised $110 million in Series B funding. The round was led by Corner Ventures, with participation from Aleph, Canada Pension Plan Investment Board (CPPIB), Innovation Endeavors, La Maison, Playground Ventures and Temasek. More

Starling Bank, the U.K.-based challenger bank founded by banking veteran Anne Boden, has raised an additional £30 million in funding. Starling says the new funding will support increased investment in its consumer and SME bank accounts, as well as its B2B banking services. The capital will also be used to accelerate expansion into Europe. 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.

Partnerships

A new digital health company is being launched by two well-known names in healthcare: the Cleveland Clinic and telemedicine company American Well.  The joint venture — called The Clinic and based in Cleveland— will leverage the hospital expertise of Cleveland Clinic providers and the telemedicine platform devised by American Well to deliver virtual care and high-acuity services to patients. More

New Funds

The Australian tech industry has, in the last few years, started to generate a swathe of startups that have broken through internationally. In fact, it’s now gaining a reputation as a serial producer of high-quality tech platforms, the hottest of which right now is Canva, which recently raised an additional $85 million to bring its valuation to $3.2 billion, up from $2.5 billion in May.  More

Exits

The Kik messaging platform has been bought by MediaLab, a holding company which operates Whisper and a number of other apps, the company announced FridayMore

Micron Technology said it acquired Fwdnxt, a maker of hardware and software tools for artificial intelligence deep learning applications. When combined with Micron‘s memory chips, Fwdnxt (pronounced “forward next”) will enable Micron to explore deep learning solutions required for data analytics, particularly with internet of things and edge computing. More

Amazon has acquired Health Navigator, a startup that develops APIs for online health services. According to CNBC, which first reported the deal, Health Navigator will become part of Amazon Care, its pilot healthcare service program for employees. 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.

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