FourKites hauls $35 mln Series B

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.

219 Views

Oak Hill to sell FirstLight to Antin

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.

Educational lender Meritize nabs $6.8 mln seed

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.

Mabl fetches $10 mln Series A

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 picks up $1.65 mln seed

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.

Swedish startup Anyfin grabs Series A funding

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.

Vectra inks $36 mln Series D in Atlantic Bridge-led round

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.

Transit app developer Moovit books $50 mln Series D

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.

PROCEPT BioRobotics racks up $118 mln

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.

143 Views

Strattam Capital to invest in SSB

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.

Weight loss programs company Lindora snags funding

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.

131 Views

Cybersecurity startup Dover Microsystems lands $6 mln seed

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.

Walmart
374 Views

PE HUB First Read

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.

165 Views

PE-backed DeTech acquires Scientific Instrument Services

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.

263 Views

BlueMountain provides capital to GLS

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.

186 Views

PE-backed Fulcrum buys PTR

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.