Chicago and India-based FourKites, a predictive supply chain platform, has secured $35 million in Series B funding. August Capital led the round with participation from Bain Capital Ventures and Hyde Park Venture Partners. In conjunction with the funding, Eric Carlborg, general partner at August Capital, will join the FourKites’ board.
Sun Capital Partners has named Jeff M. Feinberg as an operations managing director in the firm’s New York office. Feinberg is the former chief transformation officer at Bridgewater Associates LP.
Antin Infrastructure Partners has agreed to acquire Albany, New York-based FirstLight, a fiber-optic bandwidth infrastructure services provider, from Oak Hill Capital Partners. No financial terms were disclosed. The deal is expected to close in the second half of 2018. Bank Street Group and TD Securities were lead financial advisers to FirstLight and Oak Hill on the deal.
Frisco, Texas-based Meritize, an educational lender, has raised $6.8 million in seed funding. Colchis Capital, Chicago Ventures and Cube Financial Holdings led the round with participation from ECMC, College Loan Corporation, University Ventures, City Light Capital, PC Squared and Meritize management.
Boston-based Mabl, an automated testing service that automatically fixes broken tests and identifies regressions using machine learning, has raised $10 million in Series A funding. The investors were CRV and Amplify Partners.
Serial Box, a provider of premium serialized entertainment for readers and listeners, has secured $1.65 million in seed funding. Boat Rocker Media led the round.
Stockholm-based Anyfin, which enables consumers to refinance their existing loans with a picture, has secured 4.8 million euros in Series A funding. Accel and Northzone led the round with participation from other investors that included Global Founders Capital.
San Francisco-based Varo Money, a mobile banking startup, has named Carl Gish as chief marketing officer. Previously, Gish was CMO of farming startup Plenty. Varo Money’s backers include Warburg Pincus and The Rise Fund.
San Jose, California-based Vectra, which automates the hunt for in-progress cyberattacks, has secured $36 million in Series D funding. Atlantic Bridge led the round with participation from The Ireland Strategic Investment Fund, Nissho Electronics Corp, Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures, DAG Ventures and Wipro Ventures.
Moovit, a developer of a transit app, has secured $50 million in Series D funding. Intel Capital led the round with participation from previous backers that include Sequoia, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage and Hanaco.
Silicon Valley-based surgical robotics company PROCEPT BioRobotics has raised $118 million in financing. Viking Global Investors LP led the round with participation from other investors that included Perceptive Advisors and CPMG Inc.
Strattam Capital has agreed to make an investment in SSB, a data management and analytics platform provider for the sports and entertainment, education and healthcare sectors. No financial terms were disclosed. The deal is expected to take place before the end of the first quarter of 2018. First Hill Partners is serving as financial adviser to SSB on the transaction.
Costa Mesa, California-based Lindora, a provider of medically supervised weight loss and weight management programs, has raised an undisclosed amount of funding. The investors were Montage Capital, Solis Capital Partners and Innovate Partners.
Waltham, Massachusetts-based Dover Microsystems, a cybersecurity solutions provider, has raised $6 million in seed funding. Hyperplane Venture Capital led the round with participation from Draper, Qualcomm Ventures and the Hub Angels Investment Group.
First Read kicks off the day with news that Walmart posts its worst day since 1988, Trump calls for a ban on “bump stocks,” which are used to make semi-automatic guns more deadly, and AT&T 5G service is going to Dallas, Atlanta and Waco first.
Detector Technology Inc, a portfolio company of Ampersand Capital Partners, has acquired New Jersey-based Scientific Instrument Services, a maker of precision mass spectrometry filaments and ion optic assemblies. No financial terms were disclosed.
BlueMountain Capital Management LLC has agreed to provide equity finding to Greenville, South Carolina-based Global Lending Services LLC, a national non-prime auto finance lender. No financial terms were disclosed. Also, BlueMountain is providing a loan purchase facility to GLS. According to the latter, the capital infusion will be used to fund future GLS originations.
Fulcrum IT Services LLC, a portfolio company of Boyne Capital and Grindstone Partners, has acquired The PTR Group, a provider of software engineering, cyber security, real-time and embedded systems, internet of things engineering, software defined networking and machine to machine engineering solutions. No financial terms were disclosed.