Swept, a Canada-based developer of a software-as-a-service platform that helps cleaning companies manage tasks efficiently and keep clients updated, has raised C$2.5m ($2m) from iNovia Capital and Afore Capital, according to Betakit. Swept launched in late 2015 as Clean Simple and originally provided cleaning services, raising C$600,000 from BDC Capital, the investment arm of state-owned Business Development Bank of Canada, Innovacorp, the business development agency for Nova Scotia, HighlineVC and EastValley Ventures in February 2016 before pivoting two months later.
German public-private partnership High-Tech Gründerfonds, state-backed investment firm MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg, through its Seedfonds BW fund, and Wayra, the incubator of telecoms firm Telefónica, have backed a funding round of undisclosed size for 5Analytics, a Germany-based developer of artificial intelligence software that automates commercial decisions. Founded in 2016, 5Analytics will use the capital to drive recruitment, develop its technology and attract additional clients.
Ireland-based medtech developer Aventamed, a spinout from Cork Institute of Technology (CIT), has received a €1.8m ($2.1m) investment backed by Irish government-owned export credit agency Enterprise Ireland. The round was led by angel syndicate Halo Business Angel Network (HBan), with assorted individual investors from independent angels and affiliates of three HBan syndicates – HBan Medtech Syndicate, Boole Investment Syndicate and Irrus Investments – providing €1.6m. Enterprise Ireland operates HBan alongside InterTradeIreland, a trade board owned by the Irish state and the UK’s devolved government for Northern Ireland. [read more about this deal on our sister site, Global University Venturing]
Novag, a France-based farm management technology developer, has closed a funding round of approximately €1.5m from French government-owned investment bank Bpifrance and Poitou-Charentes Innovation, an investment fund backed by Bpifrance and angel investors, as well as financials services provider BPaca and Expanso Capital, the investment arm of regional lender Expanso, according to Le Petit Économiste. Founded in 2011, Novag has developed direct seed drilling technology that enables reduced usage of fertilisers, lower costs and saves energy. The money will help Novag cope with increased demand for its products.
Warmseal, a UK-based windows, doors and conservatories supplier, has secured a six-figure sum (£100,000 = $130,000) from the Finance for Business North East Growth Fund, managed by NEL Fund Managers, according to Insider Media. The money will allow Warmseal, which had until now used independent contractors to install its products, to employ six teams directly. Warmseal previously obtained a six-figure sum through NEL in 2015.
LynxCare, a Belgium-based patient monitoring platform spun out from research institute Imec, has raised €1.2m ($1.4m) in funding, De Tijd reported today. The funding was provided by Flemish government-owned investment firm PMV and by VLaio, the Flemish Agency for Innovation and Entrepreneurship. [read more about this deal on our sister site, Global University Venturing]