HealthCare.com, a NYC-based provider of technology-enabled health insurance solutions, secured $18m in Series B funding. The round, which brought the total capital raised to over $27m, was led by Second Alpha Partners, with participation from Axis Capital and CNO Financial Group.The company intends to use the capital to fund technology, engineering and data-science investments, expand consumer experience solutions and accelerate the development and marketing of its proprietary insurance products. More
Chip, the London-based fintech that created an automatic savings account, has raised £7.3 million, with £3.8 million crowdfunded by customers and the remainder from unnamed angel investors. The campaign ran for three weeks in September and is currently Crowdcube’s most participated-in crowdfund, with 7,182 investors. More
LawnStarter, an Austin, TX-based on-demand platform for outdoor services, raised $10.5m in growth funding. The round was led by Edison Partners with participation from existing investor Lerer Hippeau.The company intends to use the funds to continue its growth in lawn care across the US and add new outdoor service lines including landscaping, fertilization, pest control, and tree care.More
Convoy, the digital freight network that connects truckers with shippers, has raised $400 million in a Series D funding round as it aims to scale its business amid an increasingly competitive market.The funding round brings Convoy’s post-money valuation to $2.75 billion.More
Mobile monetization gets harder and harder every year (heck, I’d bet this gets more difficult by the week in this ultra-competitive market). Companies have long been trying to solve this problem for studios and publishers, and the latest one to offer tools to help here is Wappier.Wappier is a platform that uses AI models to predict consumer and user behavior, and it just raised $4 million in a seed round More
DroneDeploy, a startup developing a holistic cloud-based drone mapping and analytics platform, today announced that it’s closed a $35 million series D round led by Bessemer Venture Partners. Energize Ventures, AirTree, Emergence Capital, Scale Venture Partners, and Uncork Capital also participated in the tranche, which follows on the heels of a $20 million series C in June 2018 and brings DroneDeploy’s total raised to $90 million.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.
New Funds
CVC Capital Partners, a private equity and investment advisory firm, closed CVC Growth Partners Fund II, at $1.6 billion.Fund II exceeded its $1 billion target and, including a sidecar co-investment vehicle, has secured commitments of $1.6 billion. Fund II enjoys a diverse global investor base, spread across North America, Europe, the Middle-East and Asia. More
Angular Ventures, the early-stage enterprise and “deep tech”-focused VC firm founded by former DFJ Esprit partner Gil Dibner, is announcing the closing of its debut fund at $41 million. Targeting startups in Europe and Israel, Angular Ventures has been operating in so-called “stealth mode” for almost two years, seeing its portfolio grow to 12 companies. The VC typically invests between $250,000 and $1.5 million, from writing a startup’s first cheque to Series A. It says it aims to do five-seven new investments per year.More
IPOs
When Beyond Meat's post-initial public offering expired on October 29, the company's stock fell 24% as roughly 48 million shares suddenly became eligible to trade on the market.In the weeks since, the post-IPO lockup expiration has continued to add downward pressure on shares of the plant-based meat alternatives company. The stock has fallen an additional 6% percent from October 29 through Monday's close. More
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Exits
Epic Games announced it has acquired Quixel,
a startup that created a huge “photogrammetry” asset library of real
world imagery that can be used in animated films or video games. More
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