News & Media

Fuelled by $6.2 million CAD ($5 million USD) in Series A funding and the backing of investors with industry expertise, Toronto-based Citylitics wants to expand its predictive intelligence platform to cover more types of infrastructure.

Citylitics, the source for intelligence on planned infrastructure investments, today announced that it has raised US$5 million in a Series A round of funding. The investment was co-led by Dallas Venture Capital and Cerium Technology Ventures with participation from Klister and GCI.

DVC today announced the closing of an oversubscribed $80 million fund (the target amount was $75 million) and is set to become one of the largest technology focused funds to operate out of Dallas, Texas, USA. DVC is also currently raising a separate fund in India, DVC India Fund 1, to provide opportunities to Indian investors and has raised $20 million of its $50 million target. DVC US Fund II plans to invest alongside its $50 million India fund, making it a true cross-border venture capital fund that is poised to bootstrap two large start-up ecosystems in the US and India.

A Dallas venture capital firm has joined in a $30 million investment round for Bellevue, Wash.-based cloud-governance software company CoreStack.

Dallas Venture Capital led the software firm’s earlier $8.5 million round in March 2020. CoreStack’s total funding is now $45 million.

CoreStack, a global multi-cloud governance provider that empowers enterprises to unleash the power of the cloud, today marked the official grand opening of the company’s new state-of-the-art office located in Chennai, expanding its India business operations and the company’s global R&D footprint.

CoreStack, a multi-cloud governance SaaS provider, said it has raised $30 million in Series B funding round led by Avatar Growth Capital, with continued participation from Dallas Venture Capital (DVC), Iron Pillar, and other angel investors.