VC Deals
Counterfeiting isn’t a new problem, but it’s a growing one. The
global market for fake goods is estimated to exceed $1.2 trillion.
Counterfeits take roughly $300 billion worth of revenue away from brands
that have to compete with them. In worse news still, roughly two out of
every five products purchased online was counterfeit, according to the
U.S. Government of Accountability Office.Perhaps it’s unsurprising that fraud prevention and phishing detection startup RedMarlin
recently secured capital from an investor cohort. The Los Altos-based
company this morning announced that it has raised $10 million in series A
funding. More
As the UK continues on its slow march to leave the European Union, a London-based startup that enables companies to work internationally has raised a huge round of funding from a strategic backer to expand its business. Ebury, which provides foreign exchange, money transfer and other currency services to small and medium businesses and their banking partners, has picked up £350 million (about €400 million, or $452 million) led by Spanish banking giant Santander. With the deal, Madrid-based Santander will become a majority shareholder at 50.1% but notes that Ebury will continue to operate as an independent entity. More
FreeTrade the U.K. challenger stockbroker that offers commission-free investing, has closed $15 million in Series A funding. The round includes a $7.5 million investment from Draper Esprit, the U.K. publicly listed venture capital firm, along with previously announced equity crowdfunding via Crowdcube.The funding will be used by Freetrade for further growth and product development, including “doubling down” on engineering hires. The firm, which claims more than 50,000 customers, is also planning to expand to Europe next year. More
Faire, a curated wholesale marketplace that connects independent retailers and makers, raised $150m in Series D funding round at $1 billion valuation.The round was co-led by Lightspeed Venture Partners and Founders Fund with participation from existing investors including Forerunner Ventures, YC Continuity, and Khosla Ventures.The company, which has raised $266m in total funding to date, intends to use the funds to expand into new markets, improve the marketplace, and continue building its tools. More
Boston-based PathAI, maker of artificial intelligence tools for pathology, has capped off its Series B funding round with a $15 million strategic investment from the Merck Global Health Innovation Fund and Bristol-Myers Squibb. This raise brings the startup’s full round to $75 million, and its total funding to just over $90 million. More
Tel Aviv-based online payments fraud prevention startup Riskified Ltd. has completed a $165 million funding round, the company announced Tuesday. The round was led by New York-based General Atlantic according to a company valuation of more than $1 billion, the company said. Minneapolis-based Winslow Capital participated in the round, as did existing investors Qumra Capital, Entrée Capital, and Pitango Venture 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
London-based VC firm Frog Capital has announced the first close of its second scale-up fund, which is expected to accumulate over €150 million. The fund is dedicated to European software companies that earn around €5 million in annual revenue. More
Foresite Capital has launched a new incubator with one goal in mind: to help usher in a transformation in healthcare.Led by Foresite's managing director—Vik Bajaj, Ph.D., a former exec at Verily and Grail—the incubator, dubbed Foresite Labs, will sit at the intersection of data science and healthcare. More
Aspirant Group, a Japanese middle-market buyout firm, closed a ¥50 Billion fund. AG III’s commitments were secured from European and U.S. investors, and several global fund of funds, as well as major Japan institutional investors. Investors included major financial institutions, pension plans, asset managers, and family offices. 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.
IPOs
China’s Megvii Technology Ltd. is considering whether to delay its initial public offering given uncertainty over whether it can secure its existing $4 billion valuation while on an American blacklist, according to people familiar with the matter. More
Chinese autonomous air mobility company EHang has filed with the SEC the paperwork required to go public in the U.S. on the Nasdaq exchange, with a $100 million initial public offering. The company, which has been flying demonstration flights with passengers on board for a while now, is gearing up to launch its first commercial service in Guangzhou after getting approval from local and national regulators to deploy its drones in the area. More
Exits
Veeva Systems is buying Crossix Solutions with an eye to integrating the Veeva healthcare professional (HCP) cloud software services with the more patient-centric Crossix data and analytics.Under the $430 million cash deal, Crossix will remain an independent unit inside Veeva called Veeva Crossix and will continue to be run by Crossix CEO Asaf Evenhaim. More
As the UK continues on its slow march to leave the European Union, a London-based startup that enables companies to work internationally has raised a huge round of funding from a strategic backer to expand its business. Ebury, which provides foreign exchange, money transfer and other currency services to small and medium businesses and their banking partners, has picked up £350 million (about €400 million, or $452 million) led by Spanish banking giant Santander. With the deal, Madrid-based Santander will become a majority shareholder at 50.1% but notes that Ebury will continue to operate as an independent entity. More
FreeTrade the U.K. challenger stockbroker that offers commission-free investing, has closed $15 million in Series A funding. The round includes a $7.5 million investment from Draper Esprit, the U.K. publicly listed venture capital firm, along with previously announced equity crowdfunding via Crowdcube.The funding will be used by Freetrade for further growth and product development, including “doubling down” on engineering hires. The firm, which claims more than 50,000 customers, is also planning to expand to Europe next year. More
Faire, a curated wholesale marketplace that connects independent retailers and makers, raised $150m in Series D funding round at $1 billion valuation.The round was co-led by Lightspeed Venture Partners and Founders Fund with participation from existing investors including Forerunner Ventures, YC Continuity, and Khosla Ventures.The company, which has raised $266m in total funding to date, intends to use the funds to expand into new markets, improve the marketplace, and continue building its tools. More
Boston-based PathAI, maker of artificial intelligence tools for pathology, has capped off its Series B funding round with a $15 million strategic investment from the Merck Global Health Innovation Fund and Bristol-Myers Squibb. This raise brings the startup’s full round to $75 million, and its total funding to just over $90 million. More
Tel Aviv-based online payments fraud prevention startup Riskified Ltd. has completed a $165 million funding round, the company announced Tuesday. The round was led by New York-based General Atlantic according to a company valuation of more than $1 billion, the company said. Minneapolis-based Winslow Capital participated in the round, as did existing investors Qumra Capital, Entrée Capital, and Pitango Venture 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
London-based VC firm Frog Capital has announced the first close of its second scale-up fund, which is expected to accumulate over €150 million. The fund is dedicated to European software companies that earn around €5 million in annual revenue. More
Foresite Capital has launched a new incubator with one goal in mind: to help usher in a transformation in healthcare.Led by Foresite's managing director—Vik Bajaj, Ph.D., a former exec at Verily and Grail—the incubator, dubbed Foresite Labs, will sit at the intersection of data science and healthcare. More
Aspirant Group, a Japanese middle-market buyout firm, closed a ¥50 Billion fund. AG III’s commitments were secured from European and U.S. investors, and several global fund of funds, as well as major Japan institutional investors. Investors included major financial institutions, pension plans, asset managers, and family offices. 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.
IPOs
China’s Megvii Technology Ltd. is considering whether to delay its initial public offering given uncertainty over whether it can secure its existing $4 billion valuation while on an American blacklist, according to people familiar with the matter. More
Chinese autonomous air mobility company EHang has filed with the SEC the paperwork required to go public in the U.S. on the Nasdaq exchange, with a $100 million initial public offering. The company, which has been flying demonstration flights with passengers on board for a while now, is gearing up to launch its first commercial service in Guangzhou after getting approval from local and national regulators to deploy its drones in the area. More
Exits
Veeva Systems is buying Crossix Solutions with an eye to integrating the Veeva healthcare professional (HCP) cloud software services with the more patient-centric Crossix data and analytics.Under the $430 million cash deal, Crossix will remain an independent unit inside Veeva called Veeva Crossix and will continue to be run by Crossix CEO Asaf Evenhaim. More
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