Private Equity
Clear Blue Technologies Inc has secured $500,000 in funding from Grenville Strategic Royalty Corp, a Canadian royalty financing firm, and Ontario Centres of Excellence (OCE). Based in Toronto, Clear Blue Technologies combines green energy with communications and cloud technology to power high performance off-grid lighting, security and mobile implementations. Grenville and OCE previously financed the commercialization of the company's technology. The latest round will help accelerate the market growth of its smart off-grid platform.
4 min read · 17 June 2014
Clear Blue Technologies Inc has secured $500,000 in funding from Grenville Strategic Royalty Corp, a Canadian royalty financing firm, and Ontario Centres of Excellence (OCE). Based in Toronto, Clear Blue Technologies combines green energy with communications and cloud technology to power high performance off-grid lighting, security and mobile implementations. Grenville and OCE previously financed the commercialization of the company's technology. The latest round will help accelerate the market growth of its smart off-grid platform.
4 min read · 17 June 2014
The Funding Portal Inc and University Health Network have entered into a joint venture to establish a platform intended to assist businesses and inventors in Canada's healthcare sector secure financing and commercialization partnerships. A new "health-tech portal" will go live in September at at TheFundingPortal.com/HealthTech. Concurrent with the announcement, Epic Capital Management Inc, a Toronto-based investment boutique, said that it is launching a new healthcare fund, targeted at $50 million. The fund will invest in private, innovative healthcare companies in Canada generally unavailable to the investing public.
4 min read · 17 June 2014
The Funding Portal Inc and University Health Network have entered into a joint venture to establish a platform intended to assist businesses and inventors in Canada's healthcare sector secure financing and commercialization partnerships. A new "health-tech portal" will go live in September at at TheFundingPortal.com/HealthTech. Concurrent with the announcement, Epic Capital Management Inc, a Toronto-based investment boutique, said that it is launching a new healthcare fund, targeted at $50 million. The fund will invest in private, innovative healthcare companies in Canada generally unavailable to the investing public.
4 min read · 17 June 2014
Emerald Technology Ventures, which has offices in Toronto and Zurich, Switzerland, has added three new corporate investors to its third partnership, Emerald Cleantech Fund III. They are Calgary-based integrated energy company Suncor Energy Inc, Korea's SK Group Inc and U.S.-based Ecolab Inc. These investors join existing limited partners in Fund III, which completed its second closing in January 2013. Founded in 2000, Emerald is focused on investing in the areas of energy, water and materials. Emerald and EnerTech Capital earlier in June backed Canadian mapping services platform GeoDigital International Inc.
3 min read · 17 June 2014
Canadian early-stage venture capital firm Innovacorp has provided $250,000 in equity financing to Proposify Inc, a developer of a web-based technology that improves the process of preparing business proposals. According to a report by Entrevestor, the Innovacorp investment is part of a $670 million round of funding that was joined by the Atlantic Canada Opportunities Agency and an angel investor. Proceeds of the deal will allow the Halifax-based company to finance its product rollout and business development. Proposify was co-founded this year by repeat entrepreneurs Kyle Racki and Kevin Springer.
2 min read · 16 June 2014
Last month's $60 million investment by Spectrum Equity in Verafin, a financial security company based in St. John’s, Newfoundland, wasn't only one of 2014's largest deals involving a Canadian startup. It also marked the beginning of a new growth spurt by a leading North American fin-tech provider. Robert Antoniades and David Unsworth , principals at Verafin's other major backer, Canadian venture capital firm RBC Venture Partners, shared the story with peHUB Canada.
5 min read · 16 June 2014
Newterra Ltd, a designer and manufacturer of modular water treatment systems, has bought Crane Water, a division of U.S.-based diversified industrial manufacturer Crane Co. The acquisition price was not released. Newterra said the deal brings expertise in water technologies to the company, as well as opportunities for its modular treatment offerings. Based in Brockville, Ontario, newterra has been backed by Canadian venture capital firm XPV Capital Corp since 2012. Last October, XPV also led an equity financing of the company with the participation of Angeleno Group, RobecoSAM, Ontario Venture Capital Fund, Black Coral Capital and West Investments.
3 min read · 12 June 2014
Harmony Information Systems Inc, a provider of cloud-based long-term care software, has been acquired by Mediware Information Systems Inc for an undisclosed price. Mediware, a U.S.-based specialist in software for the commercial healthcare industry, said the acquisition would expand its footprint in the post-acute care market. With its headquarters in Weston, Virginia, Harmony has been a portfolio company of Canadian specialty finance firm Wellington Financial since 2011. It also has been backed by U.S. investors, including venture capital firms JMI Equity and Updata Partners.
3 min read · 12 June 2014
Canadian venture capital firm Yaletown Venture Partners has closed a Series C financing of Endurance Wind Power Inc. The value of the equity investment was not disclosed. Based in Surrey, British Columbia, Endurance is manufacturer of advanced small wind turbines, designed specifically for distributed wind power applications. The Series C round is intended to help the company expand revenues and market share by funding production of its larger X-Series 225KW turbine in a U.K.-based assembly plant. Founded in 2007, Endurance's other Canadian investors include BC Advantage Funds (VCC) and Export Development Canada.
2 min read · 12 June 2014
