Canadian cinematic virtual reality (VR) producer Félix & Paul Studios has secured about $8.7 million (US$6.8 million) in a Series A financing. Comcast Ventures, an affiliate of U.S. media business Comcast Corp, led the round. It was joined by Caisse de dépôt et placement du Québec, LDV Partners and Phi Group. With the deal, Comcast Ventures' Michael Yang will join the company's board. Founded in 2013, Montréal-based Félix & Paul has developed a platform for live-action VR filming and post-production. It will use the funds raised to grow its team and production capacity, enhance its VR cameras and software suite, and expand its presence in global markets.
5 min read · 15 June 2016
Canadian cinematic virtual reality (VR) producer Félix & Paul Studios has secured about $8.7 million (US$6.8 million) in a Series A financing. Comcast Ventures, an affiliate of U.S. media business Comcast Corp, led the round. It was joined by Caisse de dépôt et placement du Québec, LDV Partners and Phi Group. With the deal, Comcast Ventures' Michael Yang will join the company's board. Founded in 2013, Montréal-based Félix & Paul has developed a platform for live-action VR filming and post-production. It will use the funds raised to grow its team and production capacity, enhance its VR cameras and software suite, and expand its presence in global markets.
5 min read · 15 June 2016
Ecotierra Inc, a Canadian sustainable agro-forestry project specialist, has received $700,000 in funding. The round's investors included members of angel network Anges Québec, as well as Fonds FilAction and Desjardins Capital de risque. Founded in 2011, Ecotierra develops agricultural and forestry projects aimed at generating high-quality carbon credits and bringing socio-economic and environmental benefits to local communities. It has its headquarters in Sherbrooke, Québec, and offices in Peru, Colombia and the Ivory Coast.
3 min read · 14 June 2016
Volaris Group, an operating company of Constellation Software Inc, has bought the operations support systems (OSS) solutions business of Boston-based Advanced Broadband Networks (ABN). No financial terms were disclosed for the acquisition, which is Volaris' third in the communications vertical market. The acquired business has become a division of Vancouver's Incognito Software Systems, a Volaris affiliate. Constellation, a Toronto-based acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity.
2 min read · 14 June 2016
New Zealand's ARANZ Geo Ltd has acquired 3point Science Inc, a Calgary-based developer of geoscience visualization tools for learning, training, evaluation and assessment. No financial terms were disclosed. ARANZ Geo, a provider of 3D geological modelling software for the mining, hydrogeology and geothermal industries, said the deal will enable the development of cloud-based solutions and help it enter new markets. Founded in 2009, Christchurch, New Zealand-based ARANZ Geo secured an investment from Pencarrow Private Equity in August 2014.
2 min read · 14 June 2016
Canadian private equity firm Waterton Global Resource Management has closed its third mining fund, Waterton Parallel Fund, at US$725 million in committed capital. The fund will invest in production and late-stage development assets in the precious metals industry alongside Waterton Global Precious Metals Fund II, which closed at more than US$1 billion in April 2014. Waterton Managing Partner and CIO Isser Elishis said the parallel fund was backed by investors in Fund II, as well as new investors. Toronto-based Waterton recently agreed to the sale of portfolio company Goldrock Mines Corp to Fortuna Silver Mines Inc for $129 million.
2 min read · 14 June 2016
Innovative Imaging Technologies Inc (ITT), creator of video-collaboration platform Reacts, has secured $4 million in funding. The 10 investors in the round included Desjardins-Innovatech, Claridge Inc, Investissements W3, Fonds de solidarité FTQ and Hacking Health Accelerator. Launched in 2014 by Dr. Yanick Beaulieu, ITT designed Reacts to support remote communications, education and supervision in the healthcare industry. The Montréal-based company plans to use the funds raised to accelerate commercialization of its technology and tap into new markets in Canada and abroad.
3 min read · 14 June 2016
Innovative Imaging Technologies Inc (ITT), creator of video-collaboration platform Reacts, has secured $4 million in funding. The 10 investors in the round included Desjardins-Innovatech, Claridge Inc, Investissements W3, Fonds de solidarité FTQ and Hacking Health Accelerator. Launched in 2014 by Dr. Yanick Beaulieu, ITT designed Reacts to support remote communications, education and supervision in the healthcare industry. The Montréal-based company plans to use the funds raised to accelerate commercialization of its technology and tap into new markets in Canada and abroad.
3 min read · 14 June 2016
Toronto-based digital health insurance platform LEAGUE has secured about $32 million (US$25 million) in a Series A financing. OMERS Ventures, which led the company's seed financing in 2014, also led the Series A round. It was joined by Infinite Potential Technologies, Real Ventures and BDC IT Venture Fund, as well as strategic investors RBC, Manulife and Power Financial Corp. Founded in 2014 by CEO Michael Serbinis, who created e-reading company Kobo, LEAGUE aims to transform the healthcare experience in North America by emphasizing consumer care and lower costs. It said it would use the funds raised to expand its product offering and geographic reach.
5 min read · 14 June 2016
Toronto-based digital health insurance platform LEAGUE has secured about $32 million (US$25 million) in a Series A financing. OMERS Ventures, which led the company's seed financing in 2014, also led the Series A round. It was joined by Infinite Potential Technologies, Real Ventures and BDC IT Venture Fund, as well as strategic investors RBC, Manulife and Power Financial Corp. Founded in 2014 by CEO Michael Serbinis, who created e-reading company Kobo, LEAGUE aims to transform the healthcare experience in North America by emphasizing consumer care and lower costs. It said it would use the funds raised to expand its product offering and geographic reach.
5 min read · 14 June 2016
