Toronto financial technology company Sensibill Inc has raised $17.3 million in a Series A financing. Canadian venture capital firms Information Venture Partners and OpenText Enterprise Apps Fund led the round and were joined by Operative Capital, Mistral Venture Partners and Impression Ventures. As a result, Information VP’s David Unsworth and OTEAF’s Tony van Marken will join the board. Founded in 2013 by CEO Corey Gross and CTO Jamie Alexander, Sensibill is a software platform that allows banking customers to manage line-item receipts directly from desktop and mobile applications. The funds raised will support scaling of its solution.
4 min read · 02 March 2017
An acquisition vehicle co-owned by Power Corp's Sagard Capital Partners and Fairfax Financial Holdings has closed its buy of substantially all the assets of Performance Sports Group Ltd and its North American affiliates. The deal, announced in October, was valued at US$575 million. It completes a process begun with the Canadian and U.S. bankruptcy filings of Performance, an Exeter, New Hampshire-based maker of sports equipment and apparel. The company failed to attract competing bids from other private equity firms, Reuters reported in January.
4 min read · 02 March 2017
WebsiteBox Corp, a Toronto website developer for realtors, has secured undisclosed debt financing from BDC Capital, an investment arm of Business Development Bank of Canada. WebsiteBox offers mobile-friendly real estate websites integrated with marketing automation capabilities and MLS listing data to industry professionals. Founded in 2013 by CEO Peyman Aleagha, it reports a current active user base of more than 25,000. The company said the funds raised will accelerate its revenue growth and solution offering.
3 min read · 02 March 2017
Toronto financial technology company Sensibill Inc has raised $17.3 million in a Series A financing. Canadian venture capital firms Information Venture Partners and OpenText Enterprise Apps Fund (OTEAF) led the round and were joined by Operative Capital, Mistral Venture Partners and Impression Ventures. As a result, Information VP's David Unsworth and OTEAF's Tony van Marken will join the board. Founded in 2013 by CEO Corey Gross and CTO Jamie Alexander, Sensibill is a software platform that allows banking customers to manage line-item receipts directly from desktop and mobile applications. The funds raised will support scaling of its solution.
4 min read · 02 March 2017
3 min read · 02 March 2017
Cellulosic dextrose producer Comet Biorefining Inc has closed a follow-on equity financing. The undisclosed round was led by PM Equity Partner, the investment arm of Philip Morris International Inc. It was joined by Sofinnova Partners, which led the company's 2015 round, and Bioindustrial Innovation Canada. London, Ontario-based Comet develops industrial technology that converts agricultural residues into high-purity dextrose for the production of bio-chemicals. It said the funds raised will be used to advance commercialization of a second-generation dextrose plant and to construct an existing facility in Sarnia, Ontario.
4 min read · 02 March 2017
Canadian early-stage venture capital firm Real Ventures has partnered with Techstars to bring the U.S. technology accelerator's programs to Canada. Techstars will establish a permanent presence in Toronto, giving it access to startup opportunities in the Toronto-Waterloo corridor. The partnership with Real Ventures will give it access to opportunities in Montréal and the rest of the country. Application and program details for Techstars Toronto will be announced later this year. Founded in 2006, Techstars has operated more than 100 accelerator sessions globally, and now has more than 1,000 companies in its portfolio.
1 min read · 02 March 2017
2 min read · 02 March 2017
Canada Goose, a designer and maker of luxury outdoor apparel, priced its recently filed initial public offering in Canada and the United States. The company plans to raise as much as $320 million from a sale of 20 million subordinate voting shares at $14 to $16 per unit, according to the updated prospectus. Founded in 1957 in a small Toronto warehouse, Canada Goose has been owned by U.S. private equity firm Bain Capital since 2013. The IPO will include a secondary sale by Bain.
2 min read · 02 March 2017
Clean energy investment platform CoPower announced the first $2.5 million tranche of its $20 million issuance of green bonds is now available to individual investors. The first tranche is backed by two portfolios of loans to more than 150 LED lighting retrofit projects in condominiums in Ontario, British Columbia and Alberta. CoPower said it expects the next loans to be added to the portfolio will come from geoexchange heating and cooling projects in Québec and solar projects in Ontario. The bonds program was backed earlier this month with $1 million in financing from Vancity Capital Corp.
4 min read · 01 March 2017
