NEXT locks in $97 mln Series C

Lynwood, California-based NEXT, a technology company that connects shippers and carriers, has secured $97 million in Series C financing. Brookfield Ventures led the round with participation from other investors that included Sequoia Capital.

Whistle buys digital entertainment studio New Form

Whistle, a sports and entertainment media brand, has acquired Los Angeles-based New Form, a digital entertainment studio. No financial terms were disclosed. Whistle’s backers include Jeffrey Katzenberg’s WndrCo, Aser Media, Liberty Global, NBC Sports, Sky Sports, TEGNA, Beringea and Emil Capital.

Varada procures $7.5 mln seed

Israel-based Varada, a provider of big data inline indexing, has raised $7.5 million in seed funding. Lightspeed Venture Partners led the round with participation from StageOne Ventures and F2 Capital.

Israeli startup Lumigo nabs $8 mln seed

Tel Aviv-based Lumigo, a Tel Aviv based startup, a provider of a serverless intelligence platform, has raised $8 million in seed funding. The investors were Pitango Venture Capital, Grove Ventures and Meron Capital. reels in $21 mln Series B, a mobility and roadside assistance platform, has raised $21 million in Series B funding. The investors included BMW i Ventures, InMotion Ventures and Porsche Ventures.

UK artificial intelligence company lands funding

UK-based Growth Intelligence, an artificial intelligence company, has raised 1.7 million pounds in funding. The lead investor was 24Haymarket, with other investors that included MMC Ventures participating in the round.

Andela scores $100 mln Series D

Andela, which is building distributed engineering teams with African software developers, has raised $100 million in Series D funding. Generation Investment Management led the round with participation from investors that included Chan Zuckerberg Initiative, GV, Spark Capital and CRE Venture Capital.

PE-backed Biocoat taps Bell as CFO

Biocoat, which was recently acquired by 1315 Capital, has named Steven Bell as its new chief financial officer. Bell’s work background includes serving as a CFO for ReSearch Pharmaceutical Services, CareScience and The MRC Group. Horsham, Pennsylvania-based Biocoat is a developer of biomaterial coatings for medical devices.

Ubiquity Ventures launches with $30 mln fund

Palo Alto, California-based Ubiquity Ventures has debuted. The new early-stage venture firm, founded by Sunil Nagaraj, formerly of Bessemer Venture Partners, invests in software beyond the screen with a focus on startups in smart hardware and machine intelligence applications. The firm is launching with a $30 million debut fund that will make investments of up to $2 million in startups as early as inception stage.

Morgan Stanley’s AIP Private Markets racks up $1.9 bln for two funds

Morgan Stanley‘s AIP Private Markets has raised $1.9 billion for two funds, the inaugural Ashbridge Transformational Secondaries Fund I LP and Private Markets Fund VII LP, the team’s seventh flagship fund. The investors included private and public pensions, corporations, insurance companies, foundations, family offices and high-net worth individuals around the world.

PE-backed Cisive buys PreCheck

Cisive, a portfolio company of CIP Capital, has acquired PreCheck, a provider of background screening, compliance monitoring and credentialing solutions for the healthcare industry. No financial terms were disclosed. Stifel, Nicolaus & Company was financial adviser to PreCheck on the transaction. Twin Brook provided undisclosed financing to back Cisive’s acquisition of PreCheck, according to a source familiar with the deal.

Liquid Instruments grabs $8.16 mln Series A

Australia and California-based Liquid Instruments, a provider of precise test and measurement equipment, has raised $8.16 million in Series A funding. Anzu Partners led the round with participation from other investors that included ANU Connect Ventures.