Funding & Deal Highlights:
PopCom, an automated retail technology company specializing in vending and kiosk solutions, completes its second equity crowdfunding campaign on Start Engine, raising $1.3M in 47 days, according to a press release.
Advantage Capital announces a $5M investment in Pearson-based Cady Bag—a leading producer of polypropylene fabrics and bags—in connection with the Georgia Agribusiness and Rural Jobs Act (GARJA). The investment will help the company weather the economic impact of COVID-19 and its aftereffects, preserve its current jobs, and support continued business and job growth.
WEX announces a $400M investment from Warburg Pincus.
DefinedCrowd, a Seattle, WA-based data provider for artificial intelligence, raised (in May 2020) an additional $50.5M in a Series B funding round.
Cybersecurity startup Cynet announces it has closed an $18M funding round. It plans to use the investment to expand its presence in the U.S. and international markets, specifically on the sales side as it seeks to increase brand awareness and bolster its channel ecosystem.
Pactum, a Mountain View, CA-based AI-based platform that enables global companies to automate personalized commercial negotiations on a massive scale, closes a $3M seed financing.
Outdoor Voices, an activewear brand on a mission to 'Get the World Moving,' announces it has successfully raised a new round of funding from NaHCO3, the investment management platform of fashion and retail entrepreneur Ashley Merrill. In conjunction with this equity investment, Merrill, who is focused on supporting organizations with the potential for lasting impact, has joined Outdoor Voices' Board of Directors as Chairwoman. Financial terms of the private investment were not disclosed.
Codefresh, the leader in Kubernetes DevOps tools, announces $27M in new funding led by Red Dot Capital Partners with participation from Shasta Ventures and existing investors. Total funding for Codefresh has now more than doubled to $42M.
Sun Genomics, the direct-to-consumer custom probiotics and gut health company, announces $8.65M in Series A funding. The round was led by Pangaea Ventures with additional investments from Danone Manifesto Ventures, SOSV, Human Longevity, and Nascita Ventures. Chris Erickson, Founding General Partner at Pangaea Ventures, has joined as a new Board member.
Arthur J. Gallagher & Co. has acquired Meridian, Idaho-based Cunnington & Associates Inc.
Coty will acquire a 20% stake in Kim Kardashian West's makeup brand, KKW Beauty, in a $200M deal.
Medical tech firm Brainlab acquires Level Ex surgery game startup.