Private Equity
Canada’s Venture Capital and Private Equity Association and research partner Thomson Reuters will in August publish their full report on Canadian venture capital activity in the second quarter of 2014. In the meantime, peHUB Canada has compiled an early list of some of the top disclosed financings completed between April and June.
3 min read · 03 July 2014
Canada’s Venture Capital and Private Equity Association and research partner Thomson Reuters will in August publish their full report on Canadian venture capital activity in the second quarter of 2014. In the meantime, peHUB Canada has compiled an early list of some of the top disclosed financings completed between April and June.
3 min read · 03 July 2014
DealNet Capital Corp has bought Impact Mobile Inc, a portfolio company of Canadian specialty finance firm Wellington Financial. Under the terms of the purchase agreement, DealNet will pay $500,000 in cash over a period of 60 days from closing, and issue 5.5 million common shares, 1.5 million of which will be held in escrow to retain key Impact Mobile executives. With offices in Toronto, New York and Richmond, Virginia, Impact Mobile provides end-to-end mobile marketing solutions to banks, carriers, brands and retailers. Wellington invested in the company in 2008. Based in Toronto, DealNet is a merchant banking firm.
3 min read · 03 July 2014
SD Tech Fund, a venture capital fund sponsored by Sustainable Development Technology Canada, recently invested almost $10 million to commercialize the clean technologies of five Ontario companies. They are: Waterloo's Ubiquity Solar, which will receive more than $3 million for its solar power technology; GreenMantra Technologies of Brantford, which will receive $2 million for plastics recycling; Toronto-based EKS, which will receive more than $2 million for tailing ponds remediation; Toronto's Morgan Solar, which will receive more than $2 million for solar panel technology; and Oshawa-based Cleeve Technology, which will receive $710,000 for de-coating technology for aircraft maintenance. SD Tech Fund has backed 269 companies and projects using $684 million allocated by the federal government.
6 min read · 02 July 2014
SD Tech Fund, a venture capital fund sponsored by Sustainable Development Technology Canada, recently invested almost $10 million to commercialize the clean technologies of five Ontario companies. They are: Waterloo's Ubiquity Solar, which will receive more than $3 million for its solar power technology; GreenMantra Technologies of Brantford, which will receive $2 million for plastics recycling; Toronto-based EKS, which will receive more than $2 million for tailing ponds remediation; Toronto's Morgan Solar, which will receive more than $2 million for solar panel technology; and Oshawa-based Cleeve Technology, which will receive $710,000 for de-coating technology for aircraft maintenance. SD Tech Fund has backed 269 companies and projects using $684 million allocated by the federal government.
6 min read · 02 July 2014
EnergySavvy Inc, a developer of demand-side energy-efficiency software for utilities, has secured additional venture capital financing, bringing its latest round to US$8.25 million. The additional funds came in part from energy and power-focused venture capital firm EnerTech Capital, which has offices across Canada and in the United States. It was joined in the deal by El Dorado Investment Co, the investment arm of PinnacleWest Capital Corp. Concurrent with the transaction, EnerTech director Dean Sciorillo has joined the company's board of directors. Founded in 2008, EnergySavvy has its headquarters in Seattle.
2 min read · 02 July 2014
EnergySavvy Inc, a developer of demand-side energy-efficiency software for utilities, has secured additional venture capital financing, bringing its latest round to US$8.25 million. The additional funds came in part from energy and power-focused venture capital firm EnerTech Capital, which has offices across Canada and in the United States. It was joined in the deal by El Dorado Investment Co, the investment arm of PinnacleWest Capital Corp. Concurrent with the transaction, EnerTech director Dean Sciorillo has joined the company's board of directors. Founded in 2008, EnergySavvy has its headquarters in Seattle.
2 min read · 02 July 2014
DC Devices Inc, a medical device company focused on developing structural heart devices, has closed a $34 million Series D financing round. The deal was led by Israeli private equity firm Accelmed, with the participation of Canadian venture capital firm Lumira Capital, U.S.-based firms General Catalyst Partners and Third Rock Ventures, and other investors. The new funds will be used to complete clinical evaluation of the DC Device's transcatheter device for the treatment of diastolic heart failure. Founded in 2009, the company is based in Tewksbury, Massachusetts. Lumira also invested in DC Device's previous financing round in March 2013.
3 min read · 02 July 2014
Canadian investment and merchant banking firm Pinetree Capital has closed its previously announced acquisition of a 25 percent interest in Sviral Inc. The transaction, which was valued at US$5 million, saw Pinetree pay US$500,000 in cash and issue common shares to the company, representing about 6.2 percent of Pinetree's total outstanding shares. Based in Sunnyvale, California, Sviral is a developer of technology that enables utilization of the full capacity of processing cores.
2 min read · 30 June 2014
Canadian investment and merchant banking firm Pinetree Capital has closed its previously announced acquisition of a 25 percent interest in Sviral Inc. The transaction, which was valued at US$5 million, saw Pinetree pay US$500,000 in cash and issue common shares to the company, representing about 6.2 percent of Pinetree's total outstanding shares. Based in Sunnyvale, California, Sviral is a developer of technology that enables utilization of the full capacity of processing cores.
2 min read · 30 June 2014
