Overbond Ltd, a Toronto-based bond issuance platform, has raised $7.5 million in seed-stage financing. The investment was made by Morrison Financial Services Ltd. Founded last year by CEO Vuk Magdelinic and Head of Product Han Ryoo, Overbond has developed technology to help digitalize bond issuance, connect market participants, and make transactions more transparent and secure. Earlier in 2016, the company unveiled Overbond BPS, a cloud-based solution for streamlining dealer-issuer communication and providing advanced market analytics.
2 min read · 16 June 2016
Overbond Ltd, a Toronto-based bond issuance platform, has raised $7.5 million in seed-stage financing. The investment was made by Morrison Financial Services Ltd. Founded last year by CEO Vuk Magdelinic and Head of Product Han Ryoo, Overbond has developed technology to help digitalize bond issuance, connect market participants, and make transactions more transparent and secure. Earlier in 2016, the company unveiled Overbond BPS, a cloud-based solution for streamlining dealer-issuer communication and providing advanced market analytics.
2 min read · 16 June 2016
2 min read · 15 June 2016
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure), Samsung Renewable Energy Inc and the Six Nations of the Grand River Development Corp have closed a $613 million bond financing for the 100 megawatt Grand Renewable Solar Project. The deal's proceeds will be used to refinance the project's existing bank debt and swap facilities. Located in Haldimand County, Ontario, the project began commercial operation in March 2015 and produces enough alternative energy for more than 17,000 households. CC&L Infrastructure is an affiliate of Canadian asset management firm Clark & Lunn Financial Group Ltd.
4 min read · 15 June 2016
Zaius, a business-to-consumer marketing startup, has closed a US$8 million investment. It was led by _Underscore.VC and joined by Leaders Fund, a Canadian venture capital firm that launched an enterprise software fund in January. Existing investor Matrix Partners also participated. Based in Boston, Zaius aims to empower direct-to-consumer marketers to maximize customer lifetime value by unifying all interaction data in a single platform. It plans to use the funds raised to grow sales and marketing, enhance its technology, and expand partnerships.
3 min read · 15 June 2016
Zaius, a business-to-consumer marketing startup, has closed a US$8 million investment. It was led by _Underscore.VC and joined by Leaders Fund, a Canadian venture capital firm that launched an enterprise software fund in January. Existing investor Matrix Partners also participated. Based in Boston, Zaius aims to empower direct-to-consumer marketers to maximize customer lifetime value by unifying all interaction data in a single platform. It plans to use the funds raised to grow sales and marketing, enhance its technology, and expand partnerships.
3 min read · 15 June 2016
DMB Distribution alimentaire, a Canadian food products distributor, has received an investment from the Fonds de solidarité FTQ's regional network and Capital croissance PME. No financial terms were released. The deal supported an ownership transfer that saw DMD officers and a new investor acquire part of the company's shares. Saint-Augustin-de-Desmaures, Québec-based DMD makes upwards of 9,000 deliveries a week to supermarkets, large grocery stores and regional food stores. Capital croissance PME is sponsored by Capital régional et coopératif Desjardins and Caisse de dépôt et placement du Québec.
3 min read · 15 June 2016
Aegerion Pharmaceuticals Inc (NASDAQ: AEGR) and QLT Inc (NASDAQ: QLTI, TSX: QLT) have agreed to merge. The deal, which will see Aegerion form part of an indirect affiliate of QLT, will result from a shares exchange. Following the proposed merger's close, expected by the end of the third quarter, a new Vancouver-based biopharmaceutical company called Novelion Therapeutics Inc will emerge. A syndicate of hedge funds and other private investors has agreed to facilitate the deal by purchasing about $22 million in shares of QLT common stock. They include Broadfin Capital, Deerfield, JW Asset Management and Sarissa Capital.
10 min read · 15 June 2016
The Next 36, a Canadian non-profit organization focused on supporting young entrepreneurs, has launched the Young Founders Fund. The fund, which will provide up to $50,000 in seed funding to businesses built within The Next 36 program, is led by BDC Capital. Other participants include Globalive Capital and Lee Lau of Alignvest Management Corp. The Young Founders Fund succeeds 36 Investments, which is now fully invested. Companies backed by the prior fund include Bridgit, a construction project management platform, Kira Talent, an online talent assessment specialist, and SeamlessMD, a patient engagement technology provider.
4 min read · 15 June 2016
The Next 36, a Canadian non-profit organization focused on supporting young entrepreneurs, has launched the Young Founders Fund. The fund, which will provide up to $50,000 in seed funding to businesses built within The Next 36 program, is led by BDC Capital. Other participants include Globalive Capital and Lee Lau of Alignvest Management Corp. The Young Founders Fund succeeds 36 Investments, which is now fully invested. Companies backed by the prior fund include Bridgit, a construction project management platform, Kira Talent, an online talent assessment specialist, and SeamlessMD, a patient engagement technology provider.
4 min read · 15 June 2016
