VC Deals Only: Canada Week. Mejuri Raises $23M in Series B Fundin...

VC Deals Only: Canada Week. Mejuri Raises $23M in Series B Fundin...: Mejuri, a Toronto, Canada-based direct-to-consumer online jewelry retailer, raised $23m in Series B funding. The round was led by New Ente...

VC Deals Only: Canada Week. Coconut Software Raises $1.75M in Deb...

VC Deals Only: Canada Week. Coconut Software Raises $1.75M in Deb...: Coconut Software, a Saskatoon, Saskatchewan, Canada-based cloud SaaS appointment scheduling and lobby management solution provider, raised $...

Canada Week. Coconut Software Raises $1.75M in Debt Financing

Coconut Software, a Saskatoon, Saskatchewan, Canada-based cloud SaaS appointment scheduling and lobby management solution provider, raised $1.75m in debt financing.

CIBC Innovation Banking provided the financial resources.

The company will use the financing to support its strategic plan and to invest in its growth.

Founded in 2007 and led by Katherine Regnier, CEO, Coconut Software provides a centralized, service engagement platform, which allows financial organizations to optimize their workforce with real-time insights into sales and support interactions, while providing a customer experience across all touchpoints, whether online, in-branch, or through the contact center.

The company, which also has an office in Toronto, is backed by Information Venture Partners, ScaleUp Ventures, StandUp Ventures and Neal Dempsey of Bay Partners.

Source. FinSMEs, Staff, April 24 2019

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VC Deals Only: Canada Week: Biolux Research Raises $14M in Series...

VC Deals Only: Canada Week: Biolux Research Raises $14M in Series...: Biolux Research, a Vancouver, Canada-based developer of innovative Light Accelerated Orthodontic products, closed a $14M Series A funding ro...

Canada Week: Biolux Research Raises $14M in Series A Funding Round

Biolux Research, a Vancouver, Canada-based developer of innovative Light Accelerated Orthodontic products, closed a $14M Series A funding round.

The round was led by Venrock and joined by Correlation Ventures, insiders and other investors.

Biolux manufactures OrthoPulse®, an FDA cleared orthodontic device currently being sold in the United States, Europe, and Asia. OrthoPulse is a non-invasive technology which, when used ten minutes each day, can accelerate orthodontic treatment.

Coincident with the completion of the round, Biolux announced that David Thrower has been appointed Chief Executive Officer of the company.

Over the last 25 years, Thrower has held executive leadership roles in a variety of medical device companies. The majority of his career has been spent driving growth in businesses that reside at the intersection of the consumer and medical devices spaces. He started his career at Bain & Company.

More recently his roles have included VP of Global Marketing at Align Technology, CEO of InSound Medical, Asante Solutions and BAROnova, Inc. Biolux earned a BS in Mathematical and Computational Sciences from Stanford University and an MBA from Harvard Business School.

Source. FinSMEs, Staff, April 30, 2019

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This post was brought to you by Woewoda Communications, your partner in the Canadian 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 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.

"We partner with Canadian startups to help them grow, scale and compete on the international stage."

VC Deals Only: Special Weekend Edition. UiPath Closes a Series D ...

VC Deals Only: Special Weekend Edition. UiPath Closes a Series D ...: VC Deals Biolux Research , a Vancouver, Canada-based developer of innovative Light Accelerated Orthodontic products, closed a $14M Serie...

Special Weekend Edition. UiPath Closes a Series D round of $568M. Post Money Valuation Estimated at $7B

VC Deals

Biolux Research, a Vancouver, Canada-based developer of innovative Light Accelerated Orthodontic products, closed a $14M Series A funding round. The round was led by Venrock and joined by Correlation Ventures, insiders and other investors. Biolux manufactures OrthoPulse®, an FDA cleared orthodontic device currently being sold in the United States, Europe, and Asia. OrthoPulse is a non-invasive technology which, when used ten minutes each day, can accelerate orthodontic treatment. More

Companies are on the hunt for ways to reduce the time and money it costs their employees to perform repetitive tasks, so today a startup that has built a business to capitalize on this is announcing a huge round of funding to double down on the opportunity. UiPath — a robotic process automation startup originally founded in Romania that uses artificial intelligence and sophisticated scripts to build software to run these tasks — today confirmed that it has closed a Series D round of $568 million at a post-money valuation of $7 billion. More

Mejuri, a Toronto, Canada-based direct-to-consumer online jewelry retailer, raised $23m in Series B funding.The round was led by New Enterprise Associates, with participation from Incite Ventures, BDC Capital, Felix Capital, Imaginary Ventures, and Dash Ventures.The company intends to use the funds to continue to expand operations and grow its business reach. More

Roundtrip, a company offering a non-emergency medical transportation solution, has raised a $5.14 Series A round, according to a news release sent to MedCity. Motley Fool Ventures led the round, while Ben Franklin Technology Partners of Southeastern Pennsylvania and Johns Hopkins University participated. More

Zenoti, the leading enterprise cloud platform for the beauty and wellness industry, announced today that it has closed a $50 million Series C funding round led by Tiger Global Management with participation from Norwest Venture Partners and Accel. Already the leading software choice for salon and spa chains, Zenoti has thousands of customers spanning 44 countries. More

New Funds

Union Square Ventures, a venture capital firm known for early bets in Twitter, Etsy and Tumblr, has $450 million in capital commitments to plow into the next generation of technology startups. The capital, which comes in just above the $429 million USV filed to raise earlier this year, is divided across two new funds: $200 million for its 2019 Core Fund and $250 million for the 2019 Opportunity Fund. More

Harrison Street, an alternative real asset investment firm dedicated to the Education, Healthcare and Storage sectors, closed its second European closed-end fund, Harrison Street European Property Partners II, L.P., at €500m. More

Sponsor

Woewoda Communications, is your partner in the Canadian private equity and startup markets; offering strategic communications, public relations & investor relation services to Canadian VCs, PEs, Angels, Family Offices, Endowments/Trusts, and Canadian startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotic. 

Serving Vancouver, Montreal, Toronto, Waterloo, Ottawa, and Halifax.

IPOs

Do Wall Street investors believe that exosomes, the tiny bubbles once thought to be just cellular garbage bins, may be the key to treating a slew of potential diseases? The coming IPO for Codiak Biosciences will present a test case. Codiak, a Cambridge, MA, company run by former Biogen research chief Doug Williams, outlined plans late Monday for an IPO. More

Plant-based meat maker Beyond Meat Inc on Tuesday increased the expected price range and size of its initial public offering, ahead of an expected market debut on Thursday, indicating strong investor demand. The company said it expects to offer 9.63 million shares, up from 8.75 million shares and the IPO to be priced between $23 and $25 per share, up from $19 and $21 per share. More

Partnerships

The government-run health system in England is partnering with several major drug companies in an effort to tackle the hepatitis C virus in the country. More

Corporate M & As

Walmart has agreed to buy India's leading online retailer Flipkart, paying $16 billion for a controlling stake of 77%. Flipkart gives Walmart access to a market it has been trying to crack for years. The Arkansas-based retailer has been restricted by local regulations to operating wholesale outlets in the world's fastest growing economy. More

Exits

Curaleaf Holdings Inc., the most valuable U.S. marijuana company, is making a big bet on cannabis oil. The Massachusetts-based company is buying the regulated cannabis business of Cura Partners Inc., a maker of oil for vape pens, in a stock deal valued at about US$950 million. That makes it the largest acquisition so far between U.S. cannabis companies. More

PE Deals

Imperial Dade, a leading distributor of disposable food service and janitorial supplies in the U.S., Puerto Rico and the Caribbean, today announced the signing of a definitive agreement for Bain Capital Private Equity to acquire a majority stake in the company. Imperial Dade will continue to be led by its current management team, who will remain significant investors in the company. More

Blackford Capital has sold its portfolio company Custom Profile to the employees of the company in partnership with Mosaic Capital Partners through an employee stock ownership plan. The sale of Custom Profile is Blackford’s second exit from its 2012 vintage Michigan Prosperity Fund. More

Legal News

Qualcomm will book a one-time payment of $4.5 billion to $4.7 billion next quarter from its settlement with Apple in a patent battle, the mobile chip maker said Wednesday as it reported its quarterly earnings.  More

Health News

If you think your prescription drugs cost more every year, you’re probably right.  Dozens of pharmaceutical companies kicked off 2019 with price hikes on hundreds of medications, and new government estimates say that drug spending could rise 6.1 percent annually by 2020.  More

Events

Medcity Invest: Population Health; New Orleans. May 22, 2019. To highlight the importance of population health and the innovation and investment that is occurring in the field.  More