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.

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