Tech funding: Credit Junction, omni:us, Zentail, IMT

Technology companies such as Credit Junction, omni:us, Zentail, Innovative Micro Technology (IMT), among others, have announced their latest round of funding.
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The Credit Junction

The Credit Junction has secured a $23 million growth equity investment from Century Equity Partners. The company secured a $150 million credit facility from MidCap Financial in March 2018.

omni:us

omni:us, an AI company targeting insurance market, closed a Series A round, bringing its total funding to date to $22.5 million — led by Target Global, followed by MMC Ventures and Talis Capital. Existing investors, Unbound and Anthemis, also participated in the round.

Zentail

Zentail, an e-commerce automations software operations platform, has completed a $5 million Series A round of financing – led by Initialized Capital with participation from FundersClub. The investment brings Zentail’s total funding to $6.2 million.

Innovative Micro Technology

Innovative Micro Technology (IMT) announced a majority equity financing led by Cerium Technology, an investment firm focused on innovation in the IoT market.

HeadSpin

HeadSpin, a provider of mobile performance platform, announced $20 million in Series B financing. New investors include ICONIQ, Battery Ventures, EQT Ventures, Kearny Jackson, Adam D’Angelo, Ross Mason, and Ryan Hoover. They join existing investors GV, Telstra Ventures, DanHua Capital, Nexus Ventures Partners, NextWorld Capital, and others.

Conversica

Conversica, an artificial intelligence (AI) company, has secured $31 million Series C funding round — led by existing investor Providence Strategic Growth Capital Partners, with participation from other existing investors Toba Capital and Kennet Partners and from new investors CIBC Innovation Banking and Savano Capital Partners. This funding round brings the total capital in Conversica to $87 million, including $34 million raised in a Series B round and $22 million in Series A rounds.

ZypMedia

ZypMedia, an AI-powered advertising platform, announced Series C funding of $5.6 million — led by Archer Venture Capital, and included existing investors U.S. Venture Partners and Sinclair Broadcast Group.

Visla Labs

Visla Labs, an AI medical diagnostics platform, has raised $3 million seed round — led by Lux Capital with support from former Twitter CEO and COO Dick Costolo and Adam Bain, as well as prominent healthcare experts and advisors.

Backstop Solutions

Backstop Solutions, a cloud-based productivity suite provider to the institutional investment industry, has completed $20 million round of financing. Existing and new investors participating in the round include Roger Kafker, a 30-year veteran investor in the asset management space, Tao Huang, former COO of Morningstar, David Bradley, president of Huizenga Capital Management, and Vistara Capital Partners.

Think Research

Think Research, a digital healthcare platform provider, has raised over $25 million from new and existing investors including: Fidelity Investments Canada, Kayne Partners, Canaccord Genuity Group and National Bank of Canada.

98point6

98point6 has raised $50 million in Series C funding – led by the Merchant Banking Division of Goldman Sachs which was supported by existing investors. Total amount raised reached $86.1 million since the company’s inception in 2015.

AppZen

AppZen, a provider of Artificial Intelligence (AI) solutions for business automation, has raised $35 million Series B financing led by Lightspeed Venture Partners. Existing Series A investor Redpoint Ventures and seed investor Resolute Ventures also participated in the round.

Concord

Concord, a contract management platform, has raised $25 million in Series B funding — led by new investor, Tenaya Capital, with participation from previous investors CRV and Alven.

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