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nesto Acquires CMLS Group to Build Canada’s Mortgage Ecosystem of the Future

nesto, Canada’s leading digital mortgage lender, announced the acquisition of the CMLS Group, the third-largest mortgage finance company in Canada. The combined entity will build Canada’s Mortgage Ecosystem of the Future. nesto and CMLS are committed to continuing to serve its vast network of partners and clients. All CMLS Group executives and employees will transition to the combined entity. CMLS shareholders will have an equity stake in the combined entity.

[Funding News] Canada-based Waabi Raises $200M USD to Launch Fully Driverless Trucks in 2025

Waabi, a company pioneering generative AI for the physical world, today announced it has raised $200 million (USD) in an oversubscribed Series B round, led by Uber and Khosla Ventures. The new funding, which brings total investment in Waabi to more than $280 million (USD), will support the company’s deployment of fully driverless, generative AI-powered autonomous trucks in 2025.

[Funding News] TX-based Nada Raises in Seed Funding

Nada, a investment tech platform that bridges homeowners and investors through home equity, raises in seed extension funding of undisclosed amount. Returning backers LiveOak Ventures...

[Funding News] CA-based Twelve Labs Secures $50Million in Series A Round Funding

Twelve Labs, a video understanding company secures $50million in series A round funding. NVentures and New Enterprise Associates (NEA) led the financing. Prior backers...

[Funding News] CO-based Aduro Advisors Raises Strategic Growth Investment

Aduro Advisors, a fund administrator to venture capital and private equity firms, raises strategic growth investment from Vitruvian Partners. The deal's total value was...

[Funding News] NYC-based Novata Secures an Undisclosed Amount of Funding

Novata, a certified B Corp with presence in the US, Europe, and Asia, secures an undisclosed amount of funding from returning investors Hamilton Lane...

Funding Wrap of the Week | American Startups Funding Roundup | May 12 – May 17

There are a lot of American startups funding deals that are creating buzz around the startup ecosystem. These are the growth-stage and early-stage deals...

[Funding News] CA-based Alkira Secures $100Million in Series C Round Funding

Alkira®, the leader in on-demand network infrastructure as-a-service, Secures $100 million in series C funding round, bringing the company’s total funding raised to date...

[Funding News] MA-based Active Surfaces Secures $5.6Million in Pre-Seed Funding

Active Surfaces, an innovative flexible solar panel startup spun out from MIT, secures $5.6million in pre-seed funding. The round was led by Safar Partners,...

Funding Wrap of the Week | American Startups Funding Roundup | May 5 – May 10

There are a lot of American startups funding deals that are creating buzz around the startup ecosystem. These are the growth-stage and early-stage deals...
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