PE-backed Tangent Technologies makes two acquisitions

Tangent Technologies, which is backed by The Sterling Group, has acquired Home & Leisure and Vinyl Tech. No financial terms were disclosed. Home & Leisure is an extruder, fabricator and assembler of plastic lumber furniture focused on the mass market casual furniture industry. And, Vinyl Tech is Tangent’s long-time fulfillment provider with two distribution facilities, serving furniture and playground builders primarily located in Ohio, Pennsylvania, and Indiana.

The Original Cakerie expands London, Ontario plant

The Original Cakerie, a maker of frozen desserts for retail and food service customers in Canada and the U.S, is planning on expanding its London, Ontario plant. Construction is slated to begin later this fall. The project will consist of adding a new building onto an existing structure as well as investments in new production lines. The Original Cakerie is a division of St. Paul, Minnesota-based Dessert Holdings, which is backed by Gryphon Investors.

HP buys security startup Bromium

HP Inc has acquired California-based Bromium, a security startup. No financial terms were disclosed. Bromium’s backers included Silver Lake Waterman, Andreessen Horowitz, Ignition Partners, Highland Capital Partners, Intel Capital, Lightspeed Venture Partners and Meritech Capital Partners.

Jorsek pockets $2.7 mln

Rochester, New York and Poland-based Jorsek, a provider of knowledge management software for the technical documentation market, has raised $2.7 million in funding. Armory Square Ventures led the round with participation from Greycroft and Drake Ventures.

Built Robotics nets $33 mln Series B

San Francisco-based Built Robotics, which develops AI guidance systems to transform heavy equipment into autonomous robots, has secured $33 million in Series B funding. Next47, a venture fund backed by Siemens, led the round.

Stripe amasses $250 mln

Stripe, which builds economic infrastructure for the internet, is raising $250 million in funding. The investors include General Catalyst, Sequoia and Andreessen Horowitz.

Smarter Sorting pulls in $17 mln Series A

Austin-based Smarter Sorting, a provider of granular, chemical-level data about consumer products, has secured $17 million in Series A funding. US Ecology led the round with participation from other investors that included RTP Ventures.

Hydrostor grabs $37 mln

Toronto and Australia-based Hydrostor, a developer of advanced compressed air energy storage projects, has secured $37 million in financing. The investors included Elemental Energy, Canoe Financial, ArcTern Ventures, MaRS Catalyst Fund and Lorem Partners. RBC Capital Markets advised Hydrostor on the transaction.

Hydrostor racks up $49 mln

Toronto and Australia-based Hydrostor, a developer of advanced compressed air energy storage projects, has secured $49 million in growth financing. The investors included Elemental Energy, Canoe Financial, ArcTern Ventures, MaRS Catalyst Fund and Lorem Partners. RBC Capital Markets advised Hydrostor on the transaction. Also, Meridiam, a global developer, asset and fund manager specializing in sustainable infrastructure and energy transition projects, has formed a strategic partnership with Hydrostor to support the origination and development of Hydrostor projects. In conjunction with this partnership, Elisabeth Hivon, a partner at Meridiam, has joined Hydrostor’s board of directors.

Riverside to back Bike24

The Riverside Company has agreed to make an investment in Bike24, a German cycling ecommerce firm. No financial terms were disclosed.