Private Equity
The latest news on mergers and acquisitions, funding, investments, and IPOs. : Algorand, a Boston-based blockchain payments platform, raised $62 million in funding. The investors were not named. Tado, a Germany-based smart thermostat and AC control maker, raised $50 million in funding. Investors include Amazon, E.ON, Total Energy Ventures, Energy Innovation Capital, Inven Capital, and the European Investment Bank. Read more at Fortune. Metrc, a Lakeland, Fla.-based provider of regulatory solutions for the cannabis industry, raised $50 million in funding. Tiger Global Management and Casa Verde Capital co-led the round.