Northleaf Capital hits $300 mln hard cap on Venture Catalyst Fund

Northleaf Capital Partners has hit the $300 million hard cap on Northleaf Venture Catalyst Fund. The fund, the first under Canada’s Venture Capita Action Plan, has already deployed about 50 percent of its capital to six venture managers and several direct investments. The final closing includes commitments from Sun Life Financial and high net worth and family office investors.

NSI Ventures, RBVC invest $11.5 mln in kitchen robotics company

NSI Ventures and RBVC have provided an $11.5 million Series B funding in Zimplistic, a kitchen robotics company. The company’s flagship product, Rotimatic, is an automatic flatbread maker. Rotimatic uses AI technology for real-time measuring and mixing the correct ratio of flour and water to make one roti per minute. Hian Goh of NSI Ventures and Jan Westerhues of RBVC have joined Zimplistic’s board.

Aequitas Capital invests in Independence Bancshares

Aequitas Capital has invested in Independence Bancshares, Inc, a bank holding company developing technology around digital payments. The investment is part of the roughly $8.4 million funding raised by Independence Bancshares to expand its money transfer platform.


Vector Capital-backed Technicolor to buy unit from Cisco

Vector Capital-backed Technicolor has agreed to buy the customer premises equipment business from Cisco for $600 million in cash and stock. Under terms of the agreement, Technicolor will pay about $450 million in cash and about $150 million in newly issued Technicolor shares. The two companies also are forming a strategic partnership to develop next generation video and broadband technologies.

paying (1)

Kelso & Co offers exit to LPs in Fund VIII

Kelso & Co is offering limited partners in its eighth fund the option to sell their interests at 100 percent of net asset value (as of December 31), according to three people with knowledge of the situation.


Vista Equity invests $25 mln in Main Street Hub

Vista Equity Partners invested $25 million in Series C funding in Main Street Hub, a marketing platform for local businesses. Main Street Hub has raised a total of $65 million in funding. Previous investors include Bessemer Venture Partners and Harrison Metal Capital.

Cianna Medical raises $8 mln in venture, debt funding

Cianna Medical, which provides medical devices to improve quality of life for women with breast cancer, has raised $8 million, including $4 million from Novo Ventures, Fog City Fund, Saints Capital and Emergent Medical Partners. Cianna raised the balance of the funding in debt from GE Capital. The company will use the funding to support the launch of an FDA-cleared device that removes breast lesions.


Sterling Partners acquires Hoffman Southwest Corp

Sterling Partners has acquired Hoffman Southwest Corp, which assesses and repair underground pipeline. Hoffman Southwest is the largest franchisee of Roto-Rooter in the U.S. The company’s existing management, including Mark Metcalfe and Monte Yoder, will continue to lead daily operations. The deal closed on July 13.

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