Getting a College Education online without a College

Oddly enough, funding for new stock/equity trading is hitting the market as is new means to earn college credits online without even having been admitted to any school. Healthcare continues to rule the roost in terms of funding for defining new ways to confuse consumers.  Even as Quickbooks maintains a firm hold on the accounting software industry groups is still putting cash into finding ways to disrupt the industry. Amazon has sunk money into Irish companies that are looking at bridging the gaps between devices within the many different platforms.  Finally, since December 20th of 2019, over $15 billion dollars of new funds have been raised within the private equity domain.

VENTURE DEALS

Roofstock, an Oakland, Calif.-based online marketplace for investing in the single-family rental home sector, raised $50 million in Series D funding. SVB Capital led the round and was joined by investors including Citi Ventures, Fort Ross Ventures, 7 Global Capital, Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners and Canvas Ventures. 

Komodo Health, a healthcare data platform, raised $50 million in Series C funding. Andreessen Horowitz led the round and was joined by investors including Oak HC/FT also and previous investors IA Ventures and Felicis Ventures.

Partnerize, a U.K.-based SaaS partner automation platform, raised $50 million in funding. Accel-KKR led the round.

AvePoint, a Jersey City-based provider of data governance, protection and migration solutions, raised approximately $200 million in Series C funding. Investors include TPG Sixth Street Partners and Goldman Sachs.

Indigo Agriculture, a Boston-based agricultural tech company, raised $200 million in funding. Investors include FedEx and Pacific Western Bank.

HighRadius, a Houston, Texas-based order-to-cash and treasury management software, raised $125 million in Series B funding. ICONIQ Capital led the round and was joined by investors including Susquehanna Growth Equity and Citi Ventures

Evolv Technology, a Waltham, Mass-based developer of weapons-screening and threat detection systems, raised $30 million in funding. Investors include Finback Investment Partners, Bill Gates, DCVC, General Catalyst Partners, Lux Capital, and SineWave Ventures.

Pieces Technologies, a Dallas, Texas-based healthcare artificial intelligence and technology company, raised $25.7 million in Series B funding. Concord Health Partners led the round and was joined by investors including Children’s Health of Dallas and OSF Healthcare System. 

The Guild, an Austin-based hospitality startup, raised $25 million in Series B funding. Investors include Maveron, Convivialite, and the Nicol Investment Company.

Virtual Incision Corporation, a Sioux Falls, S.D.-based medical device company, raised $20 million in a Series B+ funding. Bluestem Capital led the round and was joined by investors including PrairieGold Venture Partners and Genesis Innovation Group.

Sweepr, a Dublin-based customer care platform for the connected home, raised $9 million in Series A funding. Investors include the Amazon Alexa Fund.

NinjaTrader, a Chicago-based provider of trading software and brokerage services to active traders, raised funding of an undisclosed amount. Long Ridge Equity Partners led the round and was joined by investors including DRW Venture Capital. 

Vecna Robotics, a Cambridge, Mass.-based workflow orchestration and self-driving forklift provider, raised $50 million in Series B funding. Blackhorn Ventures led the round and was joined by investors including Highland Capital, Fontinalis Partners, Drive Capital and Tectonic Ventures.

Advantia Health, an Arlington, Va.-based provider of women’s healthcare, raised $45 million in funding from BlueMountain Capital Management. 

Kyruus, a Boston-based provider of search and scheduling solutions for health systems, raised $42 million in Series D funding. Venrock and Highland Capital Partners co-led the round and was joined by investors including Providence Ventures and Salesforce Ventures. 

Soul Machines, a New Zealand-based developer of emotionally responsive avatars, raised $40 million in Series B funding. Temasek led the round and was joined by investors including Lakestar, Salesforce Ventures, Horizons Ventures, and University of Auckland Inventors Fund.

Corvus, a Boston-based provider of commercial insurance products, raised $32 million in Series B funding. Obvious Ventures and Telstra Ventures co-led the round.

Outlier.org, a Brooklyn-based online education platform whose courses earn students transferable college credit, raised $11.7 million in Series A funding. GSV Ventures led the round and was joined by investors including Harrison Metal, Tectonic Capital, and Jackson Square Ventures.

Docket, an Indianapolis-based software-as-a-service platform for managing intelligent meetings, raised $1.5 million in seed funding. Allos Ventures led the round and was joined by investors including High Alpha Capital, Elevate Ventures and Simon Equity Partners. 

Sea Star Beachwear, a New York-based creator of the water-friendly espadrille, raised $1.25 million in seed funding. 

HEALTH & LIFE SCIENCES DEALS

BioSkryb, a Durham, N.C.-based developer of genomic amplification technologies, raised $11.5 million in funding. Anzu Partners led the round and was joined by investors including Wilson Sonsini Goodrich & Rosati. 

PRIVATE EQUITY DEALS

Insight Partners agreed to acquire Veeam Software, an Alpharetta, Ga.-based developer of backup and disaster recovery solutions, in a deal valued at approximately $5 billion.

Imperial Dade acquired American Paper & Plastics, a City of Industry, Calif.-based supplier of food packaging products.

Freeman Spogli & Co. acquired Easy Ice, a Marquette, Mich.-based provider of commercial ice machine rental and related services.

Marlin Equity Partners acquired Yaro, a Chicago-based provider of benefits navigation and care guidance solutions. Yaro will be merged with Virgin Pulse, a Marlin portfolio company.

Copley  Equity Partners made an investment in Gregory FCA, an Ardmore, Penn.-based public relations firm.

Edgewater Midstream, a Houston, Texas-based provider of independent midstream solutions, raised $400 million from EnCap Flatrock Midstream and the Edgewater management team.

The Halifax Group recapitalized TriMech, a Glen Allen, Va.-based provider of computer-aided design and engineering software. The seller was McCarthy Capital.

Provation Medical, Inc, which is backed by Clearlake Capital Group, acquired MD-Reports, a Staten Island, N.Y.-based provider of electronic medical record, practice management, and report writing software.

NSA Industries, a portfolio company of Ironwood Capital, acquired Vitex Extrusions, a Franklin, N.H.-based manufacturer of metal extrusions.

Valet Living, a portfolio company of Ares Management, acquired Trojan Waste Solutions, a San Antonio, Texas-based doorstep waste and recycling provider. 

Healthgrades, a portfolio company of Vestar Capital Partners, acquired Evariant, a Farmington, Conn.-based healthcare consumer and physician engagement company.

Springbrook Software, a Portland-based provider of payments software for local government, was acquired by Accel-KKR.

Galen Partners acquired Evolve Treatment Centers, a Los Angeles-based adolescent behavioral health services provider.

Bullhorn acquired Herefish, a St. Louis, Mo.-based provider of automation solutions for staffing firms.

IPOs

GFL Environmental Holdings, an Ontario, Canada-based waste management firm, updated its filing after canceling its IPO. It previously said it would raise up to $2.4 billion in an IPO of 87.6 million shares priced at a range of $20 to $24 apiece. The firm posted $2.7 billion in revenue (pro forma) in 2018 and a loss of $532 million (pro forma). BC Partners, Ontario Teachers, and GIC back the firm. It plans to list on the NYSE and TSX as “GFL.”

Calisen Group, a British smart meters maker, is planning a London IPO that could value it at between 1.3-1.5 billion pounds ($1.69-1.95 billion), Reuters reports citing sources. KKR backs the firm.

Phoenix Tree Holdings, a Beijing-based online marketplace for residential rentals, plans to raise $164 million (with 70% estimated bought by existing shareholders) in an offering of 10.6 million ADSs priced between $14.50 to $16.50 apiece. The firm posted revenue of $374.3 million and a loss of $191.6 million in 2018. Tiger Global (20% pre-offering), Joy Capital (15.7%), CMC Capital Partners (9.4%), and Ant Financial (7.8%) back the firm. It plans to list on the NYSE as “DNK.”

PPD Inc., a Wilmington, N.C.-based drug development and laboratory management service for biopharmaceuticals, filed for a $100 million IPO. It previously filed confidentially in November. The firm posted revenue of $3.8 billion and an income of $96.3 million in 2018. Hellman & Friedman Capital Partners (56.7% pre-offering), Carlyle (23.8%), the Abu Dhabi Investment Authority (9.2%), and the Government of Singapore (9.2%) back the firm. It plans to list on the NYSE as “PPD.”

EXITS

Graycliff Partners LP sold 901D Holdings, an Airmont, N.Y.-based service engineering, and manufacturing company, to Curtiss-Wright Corporation (NYSE: CW) for $132 million.

Effectual, which is backed by Catalyst Investors and Lumerity Capital, acquired JHC Technology, a public sector managed services company.  

FIRMS + FUNDS

Platinum Equity, a Beverly Hills, Calif.-based private equity firm, raised $10 billion for its latest global buyout fund, Platinum Equity Capital Partners V

Morgan Stanley Infrastructure Partners , a New York-based private infrastructure investment team within Morgan Stanley Investment Management, raised $5.5 billion for North Haven Infrastructure Partners III.

Volition Capital, a Boston-based technology and consumer growth equity firm, raised $400 million for Volition Capital Fund IV, L.P. and $200 million for its Capital Select Fund I, L.P.

Graycliff Partners LP, a New York-based private equity firm, raised $350 million for its fourth private equity fund, Graycliff Private Equity Partners IV LP.

AEA Investors LP, a New York-based alternative investment firm, raised $4.8 billion for its seventh flagship fund AEA Investors Fund VII and $877 million for its fourth small business fund. 

Värde Partners, a Minneapolis-based alternative investment firm, raised $2.47 billion for its 13th flagship vehicle, Värde Fund XIII.

On a side note — Uncle George does TV!

Capital Swag 54

Healthcare and Camping – What Could Go Wrong?

The inner-city entertainment moguls have put up $25 million to help people book campsites, which for me just doesn’t make sense as you should invest in what you know. I really do not see Will Smith and Jay Z hiking down the Grand Canyon. $30 million was raised to help Nigeria set-up a logistics company, shouldn’t they first stop the civil war? San Francisco is dumping money into car-pooling as people cannot afford a home let alone a car. Moscow is getting same-day delivery but they still can’t get me my toothpaste to me on time in the Northeast. Finally, over $4 billion has been raised in new private equity funds, showing that the economy is stronger than the talking heads would let you know.

VENTURE DEALS

– Nomad Health, a New York-based online marketplace for healthcare jobs, raised $34 million in equity and debt funding. Icon Ventures led the round and was joined by investors including Polaris Partners, RRE Ventures, .406 Ventures, and Silicon Valley Bank.

– Kobo360, a Nigeria-based logistics startup, raised $30 million in funding. Goldman Sachs led the round.

– Hipcamp, a San Francisco-based marketplace where people can list, discover, and book campsites and accommodations on private and public land, raised $25 million in Series B funding. Investors include Jay-Z (Marcy Venture Partners) and Will Smith (Dreamers Fund).

– Mason, a Seattle-based provider of mobile infrastructure for smart hardware products, raised $25 million in Series A funding. Coatue Management led the round and was joined by investors including GGV Capital and Base10.

– Buoy Health, a Boston-based developer of software that would analyze the symptoms communicated by users, raised $15 million in Series B funding. Hambrecht Ducera Growth Ventures led the round and was joined by investors including Humana, F-Prime and Optum Ventures.

– Scoop, a San Francisco-based enterprise carpooling company,  raised $60 million in funding. Activate Capital led the round and was joined by investors including NGP Capital, BNP Paribas, Total Ventures, Index Ventures, Signia Venture Partners, Workday Ventures, and G2VP.

– Uniphore, an India-based conversational AI technology company, raised $51 million in Series C funding. March Capital Partners led the round and was joined by investors including Chiratae Ventures (formerly IDG Ventures), Sistema Asia, CXO Fund, ITP, Iron Pillar, and Patni Family.

– Attentive, a New York-based personalized mobile messaging SaaS platform for brands, raised $40 million in Series B funding. Sequoia led the round and was joined by investors including Bain Capital Ventures, Eniac Ventures, NextView Ventures, and IVP and High Alpha.

– Pavilion Data Systems, a San Jose, Calif.-based NVMe-over-Fabrics storage platform, raised $25 million in Series C funding. Investors include Taiwania Capital and RPS Ventures.

– Singularity 6, a Los Angeles based online game development company, raised $16.5 million in Series A funding. Andreessen Horowitz led the round and was joined by investors including LVP and FunPlus Ventures.

– Dostavista, a Moscow-based crowdsourced same-day delivery service, raised $15 million in Series B funding. Vostok New Ventures led the round and was joined by investors including Flashpoint and Addventure.

– Hazel Technologies Inc, a Chicago, and California-based agricultural technology company, raised $13 million in Series B funding. Pangaea Ventures and S2G Ventures led the round.

– Properly, a Toronto-based real estate technology startup raised $22 million in Series A funding. Prudence Holdings and FJ Labs co-led the round and were joined by investors including Golden Ventures and Kevin Ryan of AlleyCorp.

– Rimeto, a San Francisco-based employee information platform, raised $10 million in Series A funding. Investors include USVP, Bow Capital, Floodgate, and Ray Dalio.

– Polarity, a Farmington, Conn.-based memory augmentation platform, raised $8.1 million Series A funding. TechOperators led the round and was joined by investors including Shasta Ventures, Strategic Cyber Ventures, and Gula Tech Adventures.

– Blade, a New York-based cryptocurrency derivatives exchange, raised $4.3 million in seed funding. Investors include Coinbase, SV Angel, A.Capital, Slow Ventures, Justin Kan and Adam D’Angelo.

– Joust Labs, a Denver, Colo.-based banking platform for independent professionals, raised $2.6 million in funding. PTB Ventures led the round and was joined by investors including Accion Venture Lab, Financial Venture Studio and Techstars.

– Cinq Music, a Los Angeles-based music distribution, record label, and rights management company, raised $40 million in Series C funding, from GoDigital Media Group.

– Schedulicity, a Bozeman, Montana-based online platform for consumers to schedule appointments, classes, and workshops, raised $22 million in funding. The investors were not named.

– OpenSpace, a San Francisco-based construction tech startup, raised $14 million in Series A funding. Lux Capital led the round and was joined by JLL Spark, Navitas Capital, Suffolk Construction, Tishman Speyer, WeWork, Zigg Capital, and Goldcrest Capital.

– Kasten, a Los Altos, California-based provider of cloud-native data management solutions, raised $14 million in Series A funding. Insight Partners led the round.

– Baze, a Cambridge, Mass.-based provider of a blood-based, at-home nutritional testing kit, raised $6 million in Series A funding. Nature’s Way led the round.

HEALTH & LIFE SCIENCES DEALS

– Renovacor, a Philadelphia-based preclinical-stage biopharmaceutical company, raised $11 million in a Series A funding. Investors include Novartis Venture Fund, Broadview Ventures, BioAdvance, New Leaf Venture Partners and Innogest Capital.

– VeriSIM Life, a San Francisco-based builder of personalized disease models, raised $5.2 million in funding. Investors include Susa Ventures, Intel Capital and OCA.

– Imago Systems, a Lansdowne, Va.-based medical imaging company, raised funding of an undisclosed amount, from Mayo Clinic.

– Landos Biopharma Inc, a Blacksburg, Va.-based clinical-stage biopharmaceutical company, raised $60 million in Series B funding. RTW Investments and Perceptive Advisors led the round.

– GNA Biosolutions GmbH, a Germany-based molecular diagnostics company, raised $13.5 million in Series C funding. Investors include GreyBird Ventures, Occident, Wachtumsfonds Bayern, SHS Gesellschaft für Beteiligungsmanagement, Robert Bosch Venture Capital, UVC Partners, Mey Capital Matrix, KfW, and btov Partners.

– InCrowd, a Boston-based provider of real-time data market insights in the life sciences industry, raised funding of an undisclosed amount, from SARORAS Private Capital.

PRIVATE EQUITY DEALS

– Surgent, a portfolio company of Spire Capital Partners, acquired PharmCon, a Myrtle Beach, S.C.-based provider of continuing education services to pharmacists, pharmacy technicians, and other healthcare professionals. 

– Anser Advisory, a portfolio company of RTC Partners LLC, acquired Inline Management, a construction management and owner’s representative firm specializing in school construction and capital improvement projects. 

– Platinum Equity agreed to buy Wesco Aircraft Holdings Inc (NYSE:WAIR) in a deal valued at about $1.9 billion.

– Independent Vetcare, a portfolio company of EQT Partners, acquired Scarsdale Vets, a Derby, U.K.-based veterinary service platform. 

– KKSP Precision Machining, a company backed by Mill Point Capital, acquired Grove Industries, a Bensenville, Ill.-based manufacturer of primarily brass machined metal hose fittings. 

– LDR Ventures made an investment in Junzi Kitchen, a New York-based Chinese fast-casual dining business.

– Arcline Investment Management made an investment in Actera Ingredients, a Newtown, Penn.-based developer of a bio-actives personal care platform. 

– Banneker Partners acquired Dairy.com, a Frisco, Texas-based provider of SaaS solutions powering dairy supply chains and delivering market intelligence to the dairy industry. 

– Genstar Capital made an investment in Insightsoftware, a provider of ERP reporting and corporate performance management software. 

– Metco Landscape, a portfolio company of Westhook Capital, acquired PGM Inc, a Colorado Springs, Colo-based provider of commercial landscape maintenance services in.

– Mobileum Inc, a portfolio company of Audax Private Equity, acquired WeDo Technologies, a Portugal-based of analytics-based roaming and risk management solutions. 

IPOs

– Samoyed Holding, a Shenzhen-based credit card repayment firm, withdrew plans for an $80 million IPO. It posted revenue of $36.3 million in 2017 and loss of $13.3 million. CITIC backs the firm. Morgan Stanley, Deutsche Bank, and CICC are underwriters. It plans to list on the NYSE as “SMY.” Read more.

EXITS

– AtriCure Inc agreed to acquire SentreHEART Inc, a Redwood City, Calif.-based developer of percutaneous left atrial appendage management solutions, for upward of $300 million. SntreHEART raised approximately $69 million in venture funding from investors including Deerfield Management Company, U.S. Venture Partners, Prospect Ventures, Vivo Capital and Decheng Capital.

– Accel-KKR sold JAGGAER, a Morrisville, N.C.-based independent spend management company, to Cinven. 

FIRMS & FUNDS

– Actis, private equity and venture capital firm, raised $1.23 billion for its Actis Long Life Infrastructure fund.

–  Vivo Capital, a Palo Alto, Calif.-based private equity and venture capital firm, raised more than $1.3 billion for its ninth fund, according to an updated SEC filing.

–  Great Point Partners, a Greenwich, Conn-based private equity firm, raised $306 million for is third growth buyout fund.

– Energy Impact Partners, a New York-based private equity and venture capital firm, raised $405 million for its second fund, according to an SEC filing.

– Brick & Mortar Ventures, a construction tech venture firm, raised $97.2 million for its new fund.

Capitol Swag #42

AI is coming to take over HR

FinTech once again is trying to up-end its own industry once again, while anti-phishing groups are reeling in the investments. Another coffee company is attempting to break out of Starbucks shadows (which shouldn’t be that hard as their coffee (Opinion: it is awful). A real-time based search engine is making a stab at Google (anti-trust anyone), while HR is going to the robots.  Another half-billion was raised within the Private Equity sectors.

VENTURE DEALS

• Optimizely, a platform that offers tools for A/B testing and personalization on the web and in mobile apps, raised $50 million in Series D funding. Goldman Sachs Private Capital led the round and was joined by investors including Accenture Ventures. Read more.

• Zego, a London-based insurtech firm, raised $42 million in Series B funding. Target Global led the round and was joined by investors including TransferWise founder Taavet Hinrikus.

• Token, a San Francisco-based turnkey open banking platform, raised $16.5 million in funding. Investors include Opera Tech Ventures.

• Black Sheep Coffee, a London.-based coffee shop chain, raised 13 million pounds ($16.3 million) in funding. Investors include Tellef Thorleifsson, CEO of Norfund and co-founder of Northzone Fund and Bill Shultz, president of Coca-Cola Canada and board member at Coca-Cola Global.

• Ironscales, a Tel Aviv-based automated phishing prevention, detection and response provider, raised $15 million in Series B funding. K1 Investment Management led the round.

• Aptible, a Denver, Colo.-based provider of secure, compliant infrastructure hosting, raised $12 million in Series A funding. Maverick Capital led the round and was joined by investors including Thrive Capital and Western Technology Investment.

• NewtonX, a New York-based real-time expert search engine, raised $12 million in Series A funding. Two Sigma Ventures led the round and was joined by investors including Third Prime Capital and Xfund.

• Payveris, a Rocky Hill, Conn.-based open API-based intelligent payments platform, raised $7 million in Series D funding. Mosaik Partners led the round and was joined by investors including Connecticut Innovations, Advantage Capital and Black Dragon Capital.

• Symetrica, London-based radiation detection, and identification specialist raised £3 million ($3.8 million) in funding. Parkwalk and Nesta led the round.

• PredictiveHR, a SaaS platform company that enables people analytics by utilizing machine learning to predict talent trends and their financial impacts, raised $1 million in funding from angel investors. The investors were not named.

HEALTH AND LIFE SCIENCES DEALS

• Quartet, a New York City-based healthcare technology company, raised $60 million in Series D funding. Investors include Centene Corporation, F-Prime Capital Partners, GV, Oak HC/F, and Polaris Partners.

FIRMS + FUNDS

• InTandem Capital Partners, a New York City-based private equity firm, raised $250 million for its second fund, according to an SEC filing.

• GenNx360 Capital Partners, a New York City-based private equity firm, raised more than $298 million for its third fund, according to an SEC filing. The target is $800 million.