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.
Colony Capital has agreed to acquire Abraaj Group‘s private equity platform in Latin America. No financial terms were disclosed. The deal is expected to close during the first quarter of this year. The company will rebrand as Colony Latam Partners.
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.
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.
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.
Austin, Texas-based Ontic Technologies, a protective intelligence technology platform, has raised $4.65 million in funding. Silverton Partners led the round with participation from Floodgate and Village Global.
Urgent.ly, 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.
Sherpa.ai, a Spanish language digital voice assistant, has raised $8.5 million in Series A funding. Mundi Ventures led the round.
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, 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.
Elevation Financial Group, a real estate private equity firm, has sold Serenity Apartments at Baton Rouge, a multifamily community. The price of the transaction was $15.5 million.
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.
Ashford Trust has acquired 310-room Embassy Suites by Hilton New York Midtown Manhattan. The price of the transaction was $195 million.
Lygos Inc, a producer of specialty chemicals, has raised $5 million in funding. The investor was LG Technology Ventures, an investment arm of the South Korean conglomerate LG Group.
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 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.
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.
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.