Summation Health Ventures, the healthcare investment fund backed by care providers MemorialCare Health System and Cedars-Sinai Health System, led a $5m series A round for US-based medical credentials verification platform developer Silversheet on Monday. The round took Silversheet’s overall funding to $10.2m, its past investors including Upfront Ventures, Rincon Venture Partners, SV Angel, Slow Ventures, Bam Ventures and angel investors Cyan and Scott Banister.
CloudMedx, a US-based healthcare analytics software provider backed by internet group Tencent, has secured $4.2m in funding from undisclosed investors, according to a regulatory filing. The company, which was founded in 2014, has not revealed firm details about its earlier financing, but said in April 2016 it had raised a total of $6.6m from investors including Tencent, Data Collective, AME Cloud Ventures, FundersClub and Lux Capital.
Specialty finance firm Wellington Financial supplied $4m in growth capital for Agilence, a US-based retail and restaurant data analytics provider backed by corporate joint venture Aster Capital, on Monday. Agilence has now raised a total of approximately $25.5m in equity financing and $3.5m in debt from Aster Capital, which is sponsored by corporates Alstom, Solvay and Schneider Electric, as well as Arrowroot Capital, Laurel Capital Partners, Drayton Park Capital, Granite Ventures and Next Stage Capital since 2006.
US-based dating app developer East Meet East has raised $3.15m from undisclosed investors, according to a securities filing. The round comes after East Meet East, which focuses on users of Asian descent, secured $1m from internet company DeNA, 500 Startups, East Ventures, ISGS Investment Works and angel investor Shintaro Yamada in November 2016.
Sistema Finance, a subsidiary of diversified conglomerate Sistema, has paid €2.6m ($3.05m) for a 50% stake in Lithuania-based unmanned aerial vehicle operator Laserpas, East-West Digital News has reported, citing an earlier report by RBC. Avia Solutions Group, the aviation holding company that held 90% of Laserpas prior to the investment, will control the remaining 50% according to RBC.
US-based online healthcare advice service provider HealthJoy completed a $3m series A round on Monday led by venture capital fund Chicago Ventures that included health insurance provider GoHealth, Social Capital, Sidekick Fund and angel investors including Andrew Sieja, Brad Hoover, Ben Evans, Eduardo Vivas and Jason Theofilis. GoHealth had previously led HealthJoy’s $3m seed round in April 2016, participating alongside various angel investors.
Insikt, a US-based online lending software developer backed by e-commerce firm Rakuten, has received an undisclosed amount of funding from VC firm Leap Global Partners, the latter announced on Tuesday. Rakuten has not disclosed details of its investment in Insikt, which is listed on its website as a portfolio company, but securities filings indicate Insikt had previously raised $24.1m across three rounds. Its investors include Revolution Ventures, Firstmark Capital, Serengeti Asset Management, Peterson Ventures, Jefferies and Atalaya Capital Management.
LoftSmart, the US-based operator of an online listings platform where students can find off-campus accommodation, has secured $2.75m in a round led by Tribeca Venture Partners that included property operators Corigin Real Estate Group and Sterling Equities, Bloomberg has reported. The startup has now raised $5m since it was founded in 2015, $1.7m of which came from Corigin’s corporate venturing arm, Corigin Ventures, as well as Expansion Venture Capital, Full Tilt Capital and Metaprop NYC in September 2016.
Haystack Informatics, the US-based developer of a behavioural analytics platform for healthcare organisations, raised an undisclosed amount in funding on Tuesday from investors including care provider Children’s Hospital of Philadelphia. The round, which was led by VC firm Rittenhouse Ventures with backing from DreamIt Ventures, will be used to support further development of Haystack’s software offering.
Claim It, the US-based creator of a mobile platform that brands can use to promote special offers and issue product samples, launched on Tuesday with $2.5m of seed funding provided by backers including enterprise software producer Infor. VC firm Newark Venture Partners led the round, which also featured angel investors Steve Sadove, Thaddeus Young and Al Harrington.
Joyn, the Belgium-based creator of a mobile loyalty card system for local businesses, has raised €2m ($2.4m) in funding from publishing company Mediahuis and financial services firms KBC and ING, Startups.be has reported. The startup’s platform links to Payconiq, the mobile payment app launched by ING and KBC, and it aims to increase its user base from 1.6 million to 3 million by the end of 2017.
VC firm Lightspeed Venture Partners has led a $2.4m seed round for Poncho, a US-based weather information app developer backed by entertainment provider Broadway Video and mass media group Comcast, TechCrunch reported on Monday. Poncho raised $2m in April 2016 from Broadway Video Ventures and Comcast Ventures as well as Lerer Hippeau Ventures, Greycroft Partners, Venture51 Capital Partners, RRE Ventures, Betaworks, Ore Ventures, NextNews Ventures and assorted angel investors, but it is unclear whether that was separate to the latest funding.
3Bar Biologics, the US-based developer of a microbe delivery system that will help increase crop yields, received $2m in funding on Wednesday from investors including Maumee Ventures, the strategic investment subsidiary of agribusiness The Andersons. The round also featured Rev1 Ventures, Ohio TechAngel Funds, Queen City Angels, Carmen Innovations and SVG Thrive Fund.
US-based technology training service SVAcademy launched on Tuesday with $2m in funding from investors including Bloomberg Beta, the corporate venturing arm of media group Bloomberg, TechCrunch reported. The unit was joined in the round by Rethink Education, Precursor Ventures, Uprising Ventures, 500 Startups and Western Technology Investment as well as undisclosed angel investors.
Ilos Videos, a US-based developer of video software for businesses, secured $1.5m on Wednesday in a seed round featuring publishing services provider Ingram Content Group. The round, which was led by venture capital firm Active Capital and backed by VC fund Hyde Park Venture Partners, increased the company’s overall funding to $3m, its past capital coming from various angel investors.
Bennett, Coleman and Company, the media company also known as Times Group, has invested an undisclosed amount in India Sports Flashes, the India-based operator of sport media app Sports Flashes, VCCircle reported on Monday. The deal, which valued the startup at $4m, came after it had raised an undisclosed sum in a March 2017 angel round featuring Vineet Shrivastava, Advitya Dewan, Vikas Bajaj, Amit Kharbanda, Sushil Kumar and Sandeep Singh.
Silentmode, the Malaysia-based creator of mobile point-of-sale system Slurp, has completed a RM2.5m ($580,000) series A round featuring Axiata Digital Innovation Fund, the corporate venturing vehicle for telecom group Axiata that is managed by VC firm Intres Capital Partners. The company, which focuses on food and beverage sellers, will put the cash toward hiring, expanding its sales and marketing, and regional growth.
India-based online lending startup DigiLend Analytics and Technology has raised almost Rs 20m ($310,000) in funding from non-banking financial services providers InCred Finance and Fullerton India Credit Company, VCCircle reported on Monday. DigiLend, which was founded in April 2016, will use the capital to launch a pilot version of its platform.
Motorcycle manufacturer TVS Motor Company has paid Rs 15m ($235,000) for a 24% stake in India-based electronics and small vehicles rental service RentOnGo, VCCircle reported on Monday, citing a stock exchange filing. RentOnGo, which was founded in 2012, had previously received an undisclosed amount of funding from angel investors Anand Chandrasekaran, Rajesh Sawhney, Kalpana Tatavarti and Shivanandan Pare in late 2015.