Northleaf Capital hits $300 mln hard cap on Venture Catalyst Fund

Northleaf Capital Partners has hit the $300 million hard cap on Northleaf Venture Catalyst Fund. The fund, the first under Canada’s Venture Capita Action Plan, has already deployed about 50 percent of its capital to six venture managers and several direct investments. The final closing includes commitments from Sun Life Financial and high net worth and family office investors.


NSI Ventures, RBVC invest $11.5 mln in kitchen robotics company

NSI Ventures and RBVC have provided an $11.5 million Series B funding in Zimplistic, a kitchen robotics company. The company’s flagship product, Rotimatic, is an automatic flatbread maker. Rotimatic uses AI technology for real-time measuring and mixing the correct ratio of flour and water to make one roti per minute. Hian Goh of NSI Ventures and Jan Westerhues of RBVC have joined Zimplistic’s board.


Remedy Partners raises $50 mln from Bain Capital Ventures

Remedy Partners said it has raised $50 million of Series B backing from Bain Capital Ventures. The capital is the initial close of a round that will target between $70 million and $80 million. As part of the deal, Bain Managing Director Mike Krupka will join the board.


Vista Equity invests $25 mln in Main Street Hub

Vista Equity Partners invested $25 million in Series C funding in Main Street Hub, a marketing platform for local businesses. Main Street Hub has raised a total of $65 million in funding. Previous investors include Bessemer Venture Partners and Harrison Metal Capital.

Cianna Medical raises $8 mln in venture, debt funding

Cianna Medical, which provides medical devices to improve quality of life for women with breast cancer, has raised $8 million, including $4 million from Novo Ventures, Fog City Fund, Saints Capital and Emergent Medical Partners. Cianna raised the balance of the funding in debt from GE Capital. The company will use the funding to support the launch of an FDA-cleared device that removes breast lesions.


IA Ventures raised third fund at $160 mln

IA Ventures has raised a third fund which at $160 million is its largest. The new fund, IA Ventures Strategies Fund III, follows the firm’s $105 million second fund raised in 2011 and early 2012.


VTS raises $21 mln from OpenView and Blackstone

VTS said it raised $21 million of Series B financing in a deal led by OpenView Venture Partners and joined by existing investors. The New York based company that is developing asset-management software for the commercial real estate market has now raised a total $32 million.


Intel Capital, Liberty Israel Venture lead $9 mln funding in TrapX Security

Intel Capital and Liberty Israel Venture Fund have led a $9 million Series B funding round in TrapX Security, a cyber security business. Existing investors BRM Group and Opus Capital also participated in the funding round. TrapX raised $5 million in Series A funding last year led by co-founders Yuval Malachi, CTO, and Moshe Ben-Simon, vice president of services and research.

Cisco to invest up to $1 bln on U.K. digitization

Cisco will invest up to $1 billion over the next three to five years to support to growth of the U.K.’s digitization plans. This second round of investment follows Cisco’s $500 million commitment to the country made in 2011. Investment helps support various initiatives in the country like the British Innovation Gateway that helps nurture U.K. innovation and entrepreneurship. A $150 million investment for Internet of Everything UK start-ups and venture capital investments focus on Cisco key priorities, including Internet of Everything applications across financial technologies, retail, healthcare and smart city development.

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