Funding Roundup: Smart Skin Technologies, Transit, Circle Medical, Setter
This week’s funding roundup highlights some of the most interesting investment announcements made this week into companies changing the game for healthcare, transportation, and homeowner solutions.
Smart Skin Technologies
East-coast Smart Skin Technologies received a CAD $3.1 million investment strategic investment. The financing was led by SCHOTT AG, with The New Brunswick Innovation Foundation-an existing Smart Skin investor-also taking part.
“This is an exciting period of growth for Smart Skin. The funding will support the company’s platform development and market expansion, both geographically and in industry diversification,” said Evan Justason, CEO of Smart Skin Technologies.
Smart Skin provides a manufacturing monitoring system that analyzes the impact of forces on containers to allow clients in beverage, food, and pharmaceutical production industries to understand the effect on manufacturing line performance.
Transit, a Montreal-based mobile transit application has closed a recent funding round with investments from Alliance Ventures. The venture capital firm is part of Renault-Nissan-Mitsubishi and was created just this year with the intention of supporting technology innovation for the automotive industry. This is Alliance Ventures’ most recent investment in a technology company.
“We are pleased to make a strategic investment in Transit, the leading urban mobility navigation start-up in North America,” said François Doss, Global Vice President of Ventures and Open Innovation for Alliance.
Transit aims to integrate and streamline multi-modal transportation through their mobile application by using real-time data to provide accurate information. The investment will go towards advancing Transit’s efforts across multiple cities.
“This is an exciting time, as Transit helps people navigate their new mobility options,” said Sam Vermette, chief executive of Transit. “We look forward to working closely with Renault-Nissan-Mitsubishi as Transit grows.”
Circle Medical, a Silicon Valley-based digital healthcare company, has received a USD $200,000 strategic investment from Vancouver’s WELL Health to bring Circle Medical services to market in Canada.
“We are excited to be partnering with Well Health Technologies in support of their aggressive plans to consolidate and modernize primary care practices in Canada,” said Circle Medical CEO, George Favvas. Favvas is a Canada native who moved to the valley in 2011. “We are confident that our technology platform will be a key enabler in achieving these objectives.”
The Circle Medical platform uses artificial intelligence to create a superior patient healthcare experience while leveraging the convenience of a mobile application. WELL and Circle Media have signed a non-binding LOI to explore Canadian market opportunities for Circle Medical’s suite of mobile healthcare applications. This raise is part of a larger $3.5 million round led by A.Capital.
Setter, a home maintenance management application founded in Toronto, announced the close of a $10 million Series A funding round led by Sequoia and NFX, with Hustle FUnd also participating.
“We created Setter to help busy homeowners enjoy their homes and worry less about the logistics of home maintenance,” said Guillaume Laliberté, Setter’s co-founder and CEO. “Our mission is to create a home maintenance experience that is so convenient and reliable that it becomes invisible. We are thrilled for this next chapter as we expand into the San Francisco Bay Area with the support of Sequoia, NFX, and Hustle Fund on this journey.”
The financing round will enable Setter to expand their service into the San Francisco Bay Area, providing homeowners with a personalized application that makes repairing and maintaining a home a seamless, efficient experience.