Private Equity
Microsoft Ventures has recently announced the launch of its Innovators Circle Event held last week in conjunction with MaRS Discovery District. Startups participating in the event included Seamless Mobile Health, a software company enabling hospitals to lower their surgical readmission rates; GestSure, enabling doctors to review medical imaging results from the operating room; and Envirolytic, providing applications to help people manage their lives by providing them with a personalized health forecast. All three companies are based in Toronto.
4 min read · 15 April 2014
Microsoft Ventures has recently announced the launch of its Innovators Circle Event held last week in conjunction with MaRS Discovery District. Startups participating in the event included Seamless Mobile Health, a software company enabling hospitals to lower their surgical readmission rates; GestSure, enabling doctors to review medical imaging results from the operating room; and Envirolytic, providing applications to help people manage their lives by providing them with a personalized health forecast. All three companies are based in Toronto.
4 min read · 15 April 2014
Chrysalix Energy Venture Capital announced today an investment in Inventys, a developer of technology for capturing carbon dioxide from industrial flue gas streams. Based in Vancouver, Inventys was previously venture-backed by The Roda Group in 2012. Financial terms were not disclosed.
3 min read · 15 April 2014
theScore announced this week that it has entered into an agreement to sell a stake of the company in a private placement concurrent with a bought deal offering for total proceeds of approximately $15 million. Relay Ventures, which had previously invested in theScore in April last year, intends to also participate in this round of financing, alongside Levfam Holdings. Toronto-based theScore is a provider of software connecting sports fans with news, scores and fantasy sports offerings.
4 min read · 15 April 2014
theScore announced this week that it has entered into an agreement to sell a stake of the company in a private placement concurrent with a bought deal offering for total proceeds of approximately $15 million. Relay Ventures, which had previously invested in theScore in April last year, intends to also participate in this round of financing, alongside Levfam Holdings. Toronto-based theScore is a provider of software connecting sports fans with news, scores and fantasy sports offerings.
4 min read · 15 April 2014
iBrands Corp. said Tuesday that it has completed its acquisition of Hatchbrands Ventures. No financial terms were disclosed. Based in Ottawa, Hatchbrands Ventures is an internet accelerator.
2 min read · 15 April 2014
Real Ventures announced that it has completed the first closing of its third venture capital fund at $50 million, with an ultimate target of $100 million. The fund will focus on web, mobile and internet focused investments in Canada and specifically in Quebec. Real Ventures' fundraising efforts were previously reported at peHUB Canada in January.
4 min read · 14 April 2014
Real Ventures announced that it has completed the first closing of its third venture capital fund at $50 million, with an ultimate target of $100 million. The fund will focus on web, mobile and internet focused investments in Canada and specifically in Quebec. Real Ventures' fundraising efforts were previously reported at peHUB Canada in January.
4 min read · 14 April 2014
Hootsuite Media, the Vancouver-based developer of social media management systems, announced that Ajai Sehgal has joined the company as chief technology officer. Sehgal was previously with Groupon and Expedia and will head the company's team of software engineers. Hootsuite raised US$165 million last year in a financing from Accel Partners, OMERS Venture Capital and Insight Venture Partners.
3 min read · 14 April 2014
Katherine Barr was doubly pleased about Mohr Davidow Ventures’ leading role in the recent $30 million Series B financing of BuildDirect. As a GP at the Menlo Park-based VC firm, Barr told peHUB Canada she was excited about backing a company that is single-handedly transforming the US$492 billion home improvement products market. And as co-chair of the C100, Barr felt pride knowing that BuildDirect also happens to be Canadian.
6 min read · 14 April 2014
