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.

Georgia says the Heck with Peaches bring on the Cannabis

Georgia ditched the Peach for Cannabis

More folks are coming for Netflix, so maybe they shouldn’t have raised their rates.  First, the Finnish did bookshelves, so it was just natural that they would move to nuclear reactors. Georgia businesses have no worry about a boycott, as Atlanta just scored a $100M cannabis score. For all those screaming that the economy is heading for the first recession in ten years, well all I have to say is last week private-equity raised over $1.2 BILLION – with a B — dollars.


Venture

Jaja, a U.K.-based mobile-first business providing credit cards and other financing services, plans to acquire the U.K. credit card accounts of the Bank of Ireland for 530 million pounds ($671 million). Jaja also raised  £20 million ($25 million) in funding from investors including KKR and Centerbridge Partners.

MobiTV, an Emeryville, Calif.-based provider of IP-based video delivery solutions, raised over $50 million in funding from Oak Investment Partners, Ally Financial, and Cedar Grove Partners. 

Ornikar, a French driving school startup, raised 35 million euros ($40 million) in funding. Idinvest and Bpifrance led the round.

Picosun Oy, a Finnish manufacturer of atomic layer deposition reactors, raised 12 million euros ($13.6 million) in funding. Investors included CapMan Growth fund, Finnish Industry Investment Oy, and First Fellow Partners.

SV Academy, a San Francisco-based firm seeking to train potential Silicon Valley employees, raised $9.5 million in Series A funding. Owl Ventures led the round and was joined by investors including Kapor Capital and Strada Education Network.

Fellow, an Ottawa-based employee management software with personalized recommendations on productivity, raised $6.5 million in seed funding. Investors included Inovia Capital,  Felicis Ventures and Garage Capital.

Laundrapp, a London-based laundry service merged with Zipjet, a Berlin-based on-demand laundry business. The merged company also raised a fresh funding round from existing investors including Toscafund, Hargreave Hale VCT, Henkel, and Rocket Internet.  .

HEALTH

– Surterra Wellness, an Atlanta, Ga.-based retailer of cannabis-based medical products, raised $100 million in Series D funding. Investors included former Patrón Spirits Company CEO Ed Brown.

Paloma Health, a New York-based digital medical practice focused on hypothyroidism, raised $2.5 million in seed funding. Crosscut Ventures led the round and was joined by investors including Human Ventures, and FJ Labs.

Private Equity

Northleaf Capital Partners acquired CSV Midstream, a Calgary-based provider of midstream solutions.

– Ithaca Holdings, a portfolio company of the Carlyle Group, plans to acquire Big Machine Label Group, Tennessee-based records, and media holding company.

Permira is weighing a potential sale or IPO of British bootmaker Dr. Martens, per Bloomberg citing sources. Permira bought Dr. Martens in 2014 for 380 million euros ($432 million).

OTHERS

Berry Global Group acquired RPC Group, a British packaging firm, for $6.5 billion including debt.

Apple invested $100 million in Japan Display, a Japanese electronics screen maker. Apple will join a consortium led by Harvest Group that will invest up to $743 million in the firm, per Reuters citing sources. .

RockRose Energy acquired the U.K. businesses of Marathon Oil, a Houston-based oil firm, for $95 million.

1aim, a Berlin-based startup providing mobile access control for office buildings, was acquired by FSB.

IPOS

Advantage Insurance, a San Juan, Puerto Rico-based life insurance provider, withdrew plans for a $150 million IPO. Raymond James, JMP Securities and B. Riley & Co. were underwriters in the deal. The firm planned to list on the NYSE as “AVI.”

Livongo Health, a Mountain View, Calif.-based healthcare platform for chronic illness management, filed for a $100 million IPO. It posted revenue of $68.4 million in 2018 and a loss of $33.5 million. General Catalyst, Kinnevik Online, and KPCB Holdings back the firm. Morgan Stanley, Goldman Sachs, and J.P. Morgan are underwriters. It plans to list on the Nasdaq under the symbol “LVGO.” .

ProSight Global, a Morristown, N.J.-based specialty insurer, filed for a $100 million IPO. Goldman Sachs and TPG back the firm. The firm posted revenue of $785.9 million in 2018 and an income of $55.3 million. Goldman Sachs, Barclays, and BofA Merrill Lynch are underwriters. It plans to list on the NYSE as “PROS.” .

EXITS

Brookfield Infrastructure and GIC will acquire Genesee & Wyoming, a Darien, Conn.-based railroad firm, for about $8.4 billion including debt.

KKR plans to sell Kokusai Electric Corp, a Tokyo-based maker of semiconductor-manufacturing equipment, to Applied Materials for $2.2 billion. 

KJK Sports, a portfolio company of KJK Management, agreed to acquire Baltic Bicycle Trade UAB, the parent company of a Lithuanian bike manufacturer, from Asgaard A/S and LT capital I.

TPG Growth acquired Crunch Fitness, a gym chain backed by Angelo, Gordon & Co.

Firms and Funds

LBC Credit Partners plans to raise $1 billion for its fifth fund, per an SEC filing

Susa Ventures announced its third fund, a $90 million early-stage fund, a $50 million opportunity fund, as well as a $2 million parallel fund.

TDK Corporation (TSE: 6762) launched TDK Ventures, with a $50 million fund focused on material science and power.