Iris Dorbian

Toronto-based drug discovery company Encycle Therapeutics has closed C$2.85 million in funding. The investors were Takeda Ventures Inc, Accel-Rx Health Sciences Accelerator, BDC Capital and MaRS Investment Accelerator Fund. Encycle is a University of Toronto spin-out.

Kontexto, a portfolio company of Spectral Capital Corp, is shutting down Wednesday. Formerly based in Ontario, Canada, Kontexto was a provider of software and services that helped manage real-time streaming data.

Denver-based retail shopping app Ibotta has secured $40 million in Series C funding. Jim Clark led the round.

Eugene, Oregon-based customer verification solution SheerID has raised $5.3 million in funding. Voyager Capital led the round with participation from other investors that included Arnold Venture Group.

IBM has acquired Meteorix, a provider of workday implementation, optimization and integration services for mid-market companies. No financial terms were disclosed. Clearsight Advisors advised Meteorix on the transaction. Meteorix was backed by Momentum Equity Partners.

UK-based NowWeComply, a provider of cloud-based governance, risk and compliance solutions, has raised $1.2 million in pre-Series A funding. AngelLab, in partnership with London Mayor Boris Johnson's initiative, the London Co Investment Fund, provided the backing. In addition to the funding, the company has relocated its headquarters in London.

Santa Monica, California-based uBeam, a wireless power company, has named Jeff Devine as COO and Monica Hushen as CFO. Most recently, Devine worked at Cisco where he served as vice president of supply chain management while Hushen oversaw finance for Palm’s global operations. UBeam's backers include Upfront Ventures, Andreessen Horowitz, Ludlow Ventures, Mark Cuban, Marissa Mayer and Tony Hsieh.

Qualcomm Inc will be launching a fund that will invest up to $150 million in India startups. Qualcomm Ventures will advise and direct Qualcomm on all these investments.

Kinetic Technologies has acquired Silicon Valley-based Akros Silicon, a provider of energy management ICs. No financial terms were disclosed. Akros Silicon's backers included Technology Partners, U.S. Venture Partners, Levensohn Venture Partners and SPM Capital.

Mountain View, California-based Base, a next-generation sales platform, has raised $30 million in Series C funding. Tenaya Capital led the round with participation from other investors that included Index Ventures.