Iris Dorbian
Denver-based Viola, a provider of cannabis products, has secured $16 million in funding. Gotham Green Partners led the round.
BMO has invested $5 million in a University of Toronto lab that combines artificial intelligence and the humanities. Called the BMO Lab for Creative Research in the Arts, Performance, Emerging Technologies and AI, the lab will be housed within the University of Toronto’s Centre for Drama, Theatre, and Performance Studies. BMO is a financial services provider.
Palm Drive Capital has raised $44.35 million for its third fund, according to an SEC filing. No target was listed in the document.
HealthXCapital has raised $12.41 million for its new fund, according to an SEC filing. The target is $25 million. Based in Singapore, HealthX is an early-stage venture firm that invests in healthcare startups focused on emerging Asia.
San Mateo, California-based Celigo, the next-generation integration platform as a service provider for both IT and business users, has raised $20 million in Series B funding. NewSpring led the round with participation from Blossom Street Ventures and TVC Capital.
Ostara Nutrient Recovery Technologies Inc, a Vancouver-based provider of nutrient management solutions, has raised up to US$16.5 million in funding. Wheatsheaf Group Limited and VantagePoint Capital Partners were the lead investors.
Spanish fund manager GED Capital is seeking to raise 40 million euros for its new venture fund Conexo Ventures. Conexo Ventures will make around 20 investments and target Iberian software startups.
SweeGen Inc, a stevia-based sweetener company, has secured an undisclosed amount of funding. The lead investors were Outlook Investment Group and Sumitomo Chemical.
Accelmed is seeking to raise about $100 million for its second venture fund. Accelmed Ventures II will invest in Israeli and global pre-revenue healthtech startups, including medical devices and digital health.
Palo Alto, California-based Next Insurance, a digital insurtech company, has raised $250 million in Series C funding. Next Insurance's backers include MunichRe, Redpoint Ventures, Nationwide, Markel, American Express Ventures, Ribbit Capital, TLV Partners, Group 11 and Zeev Ventures.