Toronto-based online wealth platform Nest Wealth has acquired Razor Logic Systems, a St. Albert, Alberta-based provider of financial planning software. No financial terms were disclosed. Founded in 2011 by CEO Dave Faulkner, Razor is the maker of financial planning solution RazorPlan. Nest Wealth said the acquisition will add financial planning capabilities to its business-to-business digital wealth management offering. Founded in 2014 by CEO Randy Cass, Nest Wealth has secured financing from National Bank of Canada, which made a $6 million minority investment in 2017, and Metroland Media Group Ltd.
4 min read · 15 May 2019
Toronto-based online wealth platform Nest Wealth has acquired Razor Logic Systems, a St. Albert, Alberta-based provider of financial planning software. No financial terms were disclosed. Founded in 2011 by CEO Dave Faulkner, Razor is the maker of financial planning solution RazorPlan. Nest Wealth said the acquisition will add financial planning capabilities to its business-to-business digital wealth management offering. Founded in 2014 by CEO Randy Cass, Nest Wealth has secured financing from National Bank of Canada, which made a $6 million minority investment in 2017, and Metroland Media Group Ltd.
4 min read · 15 May 2019
Northleaf Capital Partners has hired Sophia Damianou as managing director, business development, Europe, the Middle East and Africa (EMEA). Operating from Northleaf’s London office, Damianou will lead initiatives to develop relationships with institutional investors, consultants and advisors across the EMEA region. Damianou was previously director of marketing and investor relations at CapeView Capital, a U.K. hedge fund manager. Before then, she managed EMEA business development for Mesirow Financial. Toronto-based Northleaf, a global private equity, private credit and infrastructure manager, oversees more than US$12 billion in capital commitments.
3 min read · 15 May 2019
Mobile Klinik, a Toronto-based professional smartphone and tablet repair chain, has raised $27.5 million in a Series C financing. The round, which brings total funding to $44 million, was led by unidentified investment funds and included a minority investment from Canadian Business Growth Fund (CBGF). Kensington Capital Partners led Mobile Klinik's $6.85 million Series B round in 2017. Launched in 2015 by Canadian wireless and retail executives Rob Bruce, Ken Campbell, Alain Adam and Naaman Zorub, Mobile Klinik operates from locations in shopping malls and other high-traffic retail locations. It will use the deal's proceeds to complete a planned roll-out of 200 Canadian stores by 2022.
3 min read · 15 May 2019
Toronto-based financial technology startup Koho has secured $42 million in a Series B financing. Portag3 Ventures, an investment arm of Canadian holding company Power Corp, led the round. It was joined by U.K. growth equity firm Greyhound Capital and other strategic investors. Portag3 also led Koho's $8 million round in 2017. Led by CEO Daniel Eberhard, who co-founded the company in 2014, Koho provides an integrated app and reloadable card to help more than 120,000 Canadian customers manage and gain insights about their spending and saving. Koho will use the funds raised to accelerate growth and develop new products and services.
3 min read · 15 May 2019
Toronto-based financial technology startup Koho has secured $42 million in a Series B financing. Portag3 Ventures, an investment arm of Canadian holding company Power Corp, led the round. It was joined by U.K. growth equity firm Greyhound Capital and other strategic investors. Portag3 also led Koho's $8 million round in 2017. Led by CEO Daniel Eberhard, who co-founded the company in 2014, Koho provides an integrated app and reloadable card to help more than 120,000 Canadian customers manage and gain insights about their spending and saving. Koho will use the funds raised to accelerate growth and develop new products and services.
3 min read · 15 May 2019
Montrose Environmental Group Inc has agreed to acquire Target Emission Services Inc, a Calgary-based provider of fugitive emission management services to the oil and gas and petrochemical industries. No financial terms were disclosed. Established in 2007, Target uses infrared optical thermal imaging to locate hydrocarbon gas leaks and vents. Led by Managing Director Terence Trefiak, it has its U.S. headquarters in Houston. Montrose, an Irvine, California-based environmental services company, said the deal will enhance its leak detection and repair business and expand its geographic footprint. Last year, Montrose secured an investment from U.S. alternative investment firm Oaktree Capital Management.
3 min read · 14 May 2019
BDC Capital has provided undisclosed mezzanine financing to Nicoya Lifesciences Inc, a Kitchener, Ontario-based nanotechnology company. The funding is part of a $7.7 million investment in Nicoya that is also backed by FedDev Ontario. BDC invested through its Growth & Transition Capital group. The funds raised will allow Nicoya to develop and market a new version of its flagship product, OpenSPR, a biosensor platform that supports biotechnology and pharmaceutical research applications, and meet demand. Last year, Nicoya closed a $2 million financing led by Ripple Ventures and Golden Triangle Angel Network. BDC also invested in the round.
3 min read · 14 May 2019
BDC Capital has provided undisclosed mezzanine financing to Nicoya Lifesciences Inc, a Kitchener, Ontario-based nanotechnology company. The funding is part of a $7.7 million investment in Nicoya that is also backed by FedDev Ontario. BDC invested through its Growth & Transition Capital group. The funds raised will allow Nicoya to develop and market a new version of its flagship product, OpenSPR, a biosensor platform that supports biotechnology and pharmaceutical research applications, and meet demand. Last year, Nicoya closed a $2 million financing led by Ripple Ventures and Golden Triangle Angel Network. BDC also invested in the round.
3 min read · 14 May 2019
U.S. enterprise software private equity firm Rubicon Technology Partners has completed its sale of Aucerna, a Calgary-based provider of integrated planning, execution and reserves solutions to the oil and gas industry. Terms weren't disclosed. The buyer, Thoma Bravo, announced its acquisition of the company in February. Aucerna provides its software solutions to more than 500 customers from 12 offices worldwide. It is led by Founder and CEO Wayne Sim. Rubicon invested in Aucerna in 2015, when the company was known as 3esi-Enersight. The firm said it supported Aucerna's global growth and closing of four strategic acquisitions.
3 min read · 14 May 2019
