Coveo, an enterprise software-as-a-service (SaaS) platform that meshes unified search, analytics, and machine learning to unlock insights contained within big data for businesses, has raised $227 million in a round of funding led by Omers, with participation from Evergreen Coast Capital, FSTQ, and IQ, among others.The company didn’t reveal its current valuation, except to say it’s now a “unicorn” (valued at over $1 billion), so the figure is likely at least 3 times more than its $370 million valuation last year.Moreover, Coveo revealed that Omers and other existing shareholders now own 15.5% of the company.Founded out of Quebec, Canada in 2005, Coveo can connect to data from myriad sources, including cloud storage services — Gmail, Lithium, Microsoft Dynamics, Salesforce, Twitter, Zendesk, and YouTube — to help companies index all their content so it’s searchable from a single interface.Moreover, the technology allows online businesses, such as ecommerce platforms, to tailor their stores by combining visitor data with data from their existing databases, which can mean better personalized recommendations — less churn and more profit.Elsewhere, Coveo can help companies improve search through their own intranets and internal applications.
in the recent past, The digital visits of the mobile phone in the market.the Concept is reminiscent of the nätläkarnas services.One of the djurapparna is Firstvet, which is currently available in Sweden, denmark, Norway, sweden, Denmark, Finland and the united kingdom.Now they are up to nearly 200 million in a round led by canadian pension fund Omers Ventures.Also, in the past, the investor Creandum is well known as an early investor in Spotify.”We knew from the beginning that the Firstvet for a digital pet, what Tee did for telemedicine.
The new fund will typically invest between €5m-€10m per round, while also having the capacity to follow on in future rounds for the most promising portfolio companies.His investments are said to include UK unicorn The Hut Group, Magic Pony (acquired by Twitter in 2016), GoCardless, Paddle, Touch Surgery, Appear Here and Revolut.He also has decent entrepreneur stripes, having founded and exited Firefly Tonics, a health drinks company, which he expanded to 35 countries, before selling to private equity firm Langholm Capital.Also joining Omers in Europe is Henry Gladwyn, who previously managed seed investments for the founders of DeepMind.TC: Omers Ventures in Europe plans to do Series A and B investments, typically writing cheques between €5m-€10m per round, as well as following on.TC: You’ve recruited Tara Reeves from LocalGlobe and Henry Gladwyn, who previously managed seed investments for the founders of DeepMind, but I gather you’re not done yet.
“In our view, those connections will help us give European founders an unfair advantage when scaling internationally.”One of Canada’s largest pension funds OMERS is launching a new £257 million (€300 million) venture capital (VC) fund in the European region, aiming to invest long-term in technology startups, as North American investors continue their aggressive push into early stage European tech markets.Canada-based OMERS Ventures is the multi-stage VC arm of OMERS, which operates one of the country’s largest pension plans and manages more than £73 billion in net assets.OMERS itself invests in an array of sectors such as global infrastructure, real estate and technology ventures.OMERS itself has been an investor in UK projects such as London City Airport, The Royal Exchange and the Vue Cinema.OMERS Ventures has hired veteran investor Harry Briggs as managing partner in London.
He gives his outlook on the cannabis industry and explains the investment themes he's watching.Canopy Rivers, the venture arm of marijuana cultivation giant Canopy Growth, has so far participated in a $12 million funding round for marijuana analytics startup Headset, invested $6.8 in convertible debt into Greenhouse Juice Company to develop CBD beverages, and landed an $80 million loan from two of Canada's largest banks for a joint venture — all in the last two weeks.The Greenhouse deal, announced on Monday, falls into what Canopy River's VP of business development Narbe Alexandrian calls "wave three" of the nascent cannabis industry.'If you talk to a beer company, they don't own any hops farms'Right now, it's all about CPG, Alexandrian said.It comes down to simple supply-and-demand economics: being only a cultivator doesn't cut it — wholesale marijuana prices will eventually fall, and margins will collapse.
Revlo created a fan engagement platform on top of Twitch that allowed streamers to interact with and monetize their audiences better.Sun and his colleagues Adam Hueniken, Julie Topp, and Fraser Le Ber started the company in 2015 and went through the Next36 accelerator that summer.They went through the Y Combinator accelerator in the summer of 2016.They started on Revlo, a fan engagement platform that was used by more than 100,000 broadcasters.Each month, more than 40 million viewers were earning points on the service, but Revlo shut that platform down because it couldn’t find a business model that worked.It also created Pursuit, an analytics engine for Overwatch and Fortnite.
Contentful, a Berlin- and San Francisco-based startup that provides content management infrastructure for companies like Spotify, Nike, Lyft and others, today announced that it has raised a $33.5 million Series D funding round led by Sapphire Ventures, with participation from OMERS Ventures and Salesforce Ventures, as well as existing investors General Catalyst, Benchmark, Balderton Capital and Hercules.It’s only been less than a year since the company raised its Series C round and as Contentful co-founder and CEO Sascha Konietzke told me, the company didn’t really need to raise right now.We still had plenty of cash in our bank account and we didn’t need to raise as of now,” said Konietzke.“But we saw a lot of economic uncertainty, so we thought it might be a good moment in time to recharge.And at the same time, we already had some interesting conversations ongoing with Sapphire [formeraly SAP Ventures] and Salesforce.So we saw the opportunity to add more funding and also start getting into a tight relationship with both of these players.”
Berlin-based Contentful today announced $33.5 million in venture capital as it continues to expand its technology design to modernize content management.Founded in 2013, the company is trying to address the tangled thicket of legacy CMS products that have evolved slowly over the years — and have given developers fits.Rather than a single interface that focuses primarily on one platform, Contentful has developed an API-based system that centralizes all content management and allows it to be optimized and distributed to any platform.“What I find so interesting is this big change in the market,” said Contentful CEO and cofounder Sascha Konietzke.“We’re really seeing the end of this older content management system.”This latest round was led by Sapphire Ventures and includes backing from Omers Ventures, Salesforce Ventures, and former investors General Catalyst, Benchmark, Balderton, and Hercules.
The startup has raised another $100 million in funding, money that it plans to use to build out its AI algorithms and expand deeper into international markets.Frederic Lalonde, CEO and co-founder of Hopper, said in an interview that the company is not profitable at the moment because it reinvests all its returns in fuelling its growth.This latest growth round, a Series D, was led by previous investor Omers, along with other repeat backers Caisse de dépôt et placement du Québec (CDPQ), Accomplice, Brightspark Ventures, Investissement Québec, BDC Capital IT Venture Fund.There are a sea of travel apps in the market today that help people search for and book trips, from old standbys like Expedia/Travelocity and Booking.com, through to newer upstarts like Airbnb and smaller startups that have been snapped up by bigger players (such as Hipmunk, now owned by SAP/Concur).Hopper has carved out a distinct place for itself by building an AI framework that not only helps people find good deals, but also discover trips they may have not known that they specifically wanted to take.From that, Hopper asks to send push notifications, and when users respond to those, this helps shape their profiles further.
It doesn’t exactly come as a shock that most people — 88 percent, according to Statista — prefer booking lodging and airfare online.Going the worldwide web route affords more than a few advantages, chief among them the ability to compare prices and reviews.(34 percent of travelers say they research sites like Yelp and TripAdvisor before booking a hotel room.)One thing the internet can’t always account for, though, is the dearth of deals during certain times of year.In 2007, Frederic Lalonde, Joost Ouwerkerk, and a team of former Expedia engineers cofounded Hopper, a travel platform designed to suss out the best available airfare and hotel rates no matter the season.Omers Ventures led the round, with participation from existing investors Caisse de dépôt et placement du Québec (CDPQ), Accomplice, Brightspark Ventures, Investissement Québec, BDC Capital IT Venture Fund, as well as new investor Citi Ventures.
All of this collected information can be discoverable and in a way subjected to legal processes to some extent.In recent times, due to the mounting data privacy issues legal disputes in businesses or organization’s Litigation Portfolio and Electronic Discovery (E-Discovery) have gained attention and driving the global e-discovery market.Legal sector’s contribution to the revenue generation stands at the second position.From the geographical standpoint, in 2016 North America was the largest eDiscovery market whose contribution was approximately xx% in the global market.Mergers and acquisitions have taken a high trajectory in market, digitization and globalization and a push of client-specific services will take it up in upcoming future.Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/e-discovery-marketIn 2016, there were major acquisitions done by DTI Consilio and LDiscovery Where the popular acquisition of Epiq Systems Inc. by Harvest Partners and OMERS Private Equity was valued at approx $1 billion, which is known as the largest in the industry.For instance, FTI Technologies launched Contract Intelligence Services Practice to assist legal enterprises and advisors in making key decisions, meet regulatory requirements and leverage negotiations.Some of the main players prevailing in e-discovery industry include FTI Technology LLC, IBM Corporation, Xerox Corporation, Guidance Software, Relativity, Inc., KrolLDiscovery LLC, LexisNexis, Symantec Corporation and Dell EMC.Market Restraints of Global E-discovery IndustryIssues like cross-border confidentiality and jurisdictional variances will continue to complex eDiscovery, blocks the global e-discovery market growth.More companies are facing the challenge of collecting, reviewing, processing, and then producing data outside the United States.Conclusion:Discovery is a term used for the initial phase in legal trials, where opposite parties involved in disputes or any kind of legal case are asked to pass on relevant information and records, usually stored or gathered electronically, along with all other dynamic evidence related to the case.
Pro-privacy search engine DuckDuckGo, which offers an alternative to surveillance engines like Google, has quietly picked up $10M in fresh funding from Canadian pension fund Omers’ VC arm.The Globe and Mail reported the news earlier this month.It’s only the second funding round for the ten year old company — which last picked up $3M in VC all the way back in 2011, according to Crunchbase.In a blog post announcing the investment, Omers Ventures argues that privacy and security concerns have “risen to the forefront of public consciousness” over the past five years — noting how governments are responding to public demand and data breaches and “starting to take real action”, citing the European Union’s updated privacy framework, GDPR, as one example.With that conviction in mind, the fund actively pursued an investment in DDG, which has been profitable (via non-tracking advertising) since 2014 so was not in need of a cash injection.And, indeed, initially refused one.
League, an online platform that wants to reduce the strain of managing health benefits for companies and employees alike, announced today that it has raised a $62 million Series B.The round was led by TELUS Ventures, with participation from Wittington Ventures and returning investors OMERS, Infinite Potential Group, RBC Ventures and BDC Ventures.The Toronto-based startup’s last round of funding was a $25 million Series A two years ago.With clients like Uber, Shopify and Unilever, League is currently one of the bigger players in the “employee wellness space,” which encompasses a roster of startups dedicated to boosting retention and productivity rates by improving health benefits.The growth of the sector is fueled by competition for top talent, the rising cost of healthcare and increasing awareness of mental health issues.League was launched in 2014 by serial entrepreneur Michael Serbinis, who was previously founder and CEO of Kobo, the Kindle competitor that was acquired by Rakuten in 2011.
Rover, a dog-walking and dog-boarding service that merged with DogVacay around this time last year, is now the second of such startups this year to raise a massive new round of funding with its announcement of a $155 million financing round.While competitor Wag has become a juggernaut, there seems room for both room for a second player and the potential to outmaneuver Wag even with its massive influx of capital.Both DogVacay and Rover had a very similar model and eventually merged in an all-stock deal, creating a more substantial competitor for Wag.The round consisted of $125 million in equity financing led by funds and accounts advised by T. Rowe Price Associates, with a $30 million credit facility with Silicon Valley Bank.The Wall Street Journal is reporting that the round values Rover at $970 million.Wag earlier this year picked up $300 million in a massive funding round led by SoftBank.
London-based investment firm Intermediate Capital Group (ICG) is set to win the race to buy Iris, a software provider to GP surgeries.At £1.2bn, the deal will be Britain’s largest ever software takeover.The bidding process also saw strong interest from global investment giants such as the private equity branch of Canadian pension fund Omers.It will likely conclude within the coming days, Sky News first reported yesterday.Read more: Iris, a software supplier to GPs and businesses, could fetch more than £1bn as private equity owner sticks it on the blockICG, which reported strong profits in its fund management business yesterday, will be joined as an investor in Iris by Hgcapital’s Saturn fund.
Rover, the online platform dedicated to connecting dog owners with a range of services, including walkers, has raised $65 million in a round of funding led by Spark Capital, with participation from Menlo Ventures, Foundry Group, Omers Ventures, Technology Crossover Ventures, Bespoke Strategies, and StepStone Group.Founded out of Seattle in 2011, Rover allows anyone to sign up as dog owner or “care provider,” which may include regular walking, dog-boarding, house-sitting, or drop-in visits.The platform also offers what it calls Rover Cards, which allow providers to share real-time information with owners through the mobile app, including messages, maps, and photos of the dog’s walk.Prior to now, Rover.com had raised around $91 million in funding, including a $40 million tranche less than a year ago, and with its latest cash influx the company said it plans to expand its service internationally.Indeed, it has already started testing its platform in Canada and has plans to open up to additional markets later this year.The funds will also be put toward producing new products and services.
The Scale Up Institute hopes to propel start-ups to billion dollar companiesOther than Mark Carney, it's difficult to think of a Canadian export that has a significant bearing on UK businesses, jobs and economy.The Bank of England nabbed the Canadian from the same post at his native land's central bank in 2013 to help steer the country clear of stagnation.Why advertise with usNow a new Canadian-inspired product is in town with the ambition of transforming the UK's start-ups into billion-dollar giants."In the last five years we have done tremendously well in terms of the numbers of start ups created, we actually surpassed the US.It covers every sector."There's a view that says we have a lot of small ones but if you're a fund of less than £200m that's a slight issue for us in terms of capital.
Montreal, Canada-based startup AmpMe announced today that it closed an $8 million funding round led by Relay Venture for its portable sound system.On top of this news, the company also shared that its service is now integrated with YouTube, allowing users to access the video social network as a music source.AmpMe s iOS and Android app offers a sound system alternative to portable speakers by syncing the music playing in your phone with an unlimited number of your friends phones and tablets.You know, for those moments when you go to the beach and forget to bring speakers, but still want to play Drake s One Dance to disturb the family sitting next to you.CEO Martin-Luc Archambault told VentureBeat, We re going to end up making portable speakers obsolete.Archambault declined to provide AmpMe s valuation.As the company seeks to increase growth, it has set its sights on doubling its number of employees currently 10 over the next year.Also, it will be adding music sources beyond YouTube and SoundCloud, although no specifics were provided, and launching more interactive features such as song voting, enabling multiple DJ controls, improving sharing to social platforms, and allowing different songs from multiple sources to be added to the playlist.Since launching 8 months ago, AmpMe said that its app has been downloaded more than 2 million times.Of course audiophiles will always have their Sonos system or Bang & Olufsen multi-thousand dollar systems, but AmpMe is the solution for the rest of us who want to experience music with friends in social settings, are cost-conscious, and want access to all music wherever they are.
The app AmpMe isn't strictly new - it's been around since last fall - but it's just gotten YouTube integration and therefore has become a monster.If you were looking for a reason not to toss your old smartphone from 6 years ago in the garbage for whatever reason , here it is - every smartphone in the room can become one speaker system wirelessly, without hassle.The first device does this - using music on your device MP3 files, for example , or through SoundCloud or YouTube.Both devices have to be on the same Wi-Fi network for this to work, but once the second taps into the first, they play the same music without lag in any way, shape, or form."We ve overwhelmingly positive about the future of AmpMe and our investors share our enthusiasm in wanting to help AmpMe become the most portable sound system in the world," said CEO Marin-Luc Archambault."Now, our mission is to listen to our users and continue to build in features like YouTube integration with many more music and technical innovations in the pipeline.