Canadian pharmaceutical business Concordia Healthcare Corp (Nasdaq: CXRX, TSX: CXR) has formed a special committee of the board of directors to examine strategic alternatives potentially available to it. Concordia said it "has had discussions," but that a deal remains uncertain. The announcement followed media reports that Blackstone Group, a U.S. private equity firm, is considering an acquisition of the Oakville, Ont.-based company. European private equity firm Cinven has been a minority investor in Concordia since October 2015.
3 min read · 22 April 2016
FirstOnSite Restoration LP, a Canadian disaster restoration services business, has agreed to be acquired by its U.S. counterpart Interstate Restoration LLC. No financial terms were disclosed. The two companies said their combination will create North America's second largest independent restoration and reconstruction services provider. The deal, which is expected to close within two months, will be funded by U.S. private equity firm Delos Capital. Delos acquired Interstate last year. Mississauga, Ont.-based FirstOnSite was formed in a merger in 2007 by Canadian private equity firm TorQuest Partners. The company sought and was granted creditor protection this month.
4 min read · 22 April 2016
Vancouver-based native advertising startup Native Ads Inc has secured $4 million in financing. The investors include Beijing Genuine Network Media Technology Ltd. Native Ads said the proceeds of the deal will help develop its platform technology, Titan, which supports companies in automating, managing, and promoting their sponsored native content campaigns. Native Ads was founded in mid-2014 by President and COO Charlo Barbosa, CEO Jon Malach and Vice President, Finance, Ricardo Lara. Its U.S. office is in New York.
3 min read · 21 April 2016
Vancouver-based native advertising startup Native Ads Inc has secured $4 million in financing. The investors include Beijing Genuine Network Media Technology Ltd. Native Ads said the proceeds of the deal will help develop its platform technology, Titan, which supports companies in automating, managing, and promoting their sponsored native content campaigns. Native Ads was founded in mid-2014 by President and COO Charlo Barbosa, CEO Jon Malach and Vice President, Finance, Ricardo Lara. Its U.S. office is in New York.
3 min read · 21 April 2016
Toronto-based fabless semiconductor company Peraso Technologies Inc has received $20 million in a Series C financing. The round was co-led by U.S. semiconductor company Integrated Device Technology Inc and existing investor Roadmap Capital, a Canadian venture capital firm. Another existing Canadian investor, iNovia Capital, also participated. Peraso is a developer of multi-gigabit wireless connectivity solutions for consumer electronics and other markets. It said the funds raised will be used to increase capacity to address demand. Peraso has so far secured over $50 million in venture capital. Its other backers include Celtic House Venture Partners.
4 min read · 21 April 2016
Toronto-based fabless semiconductor company Peraso Technologies Inc has received $20 million in a Series C financing. The round was co-led by U.S. semiconductor company Integrated Device Technology Inc and existing investor Roadmap Capital, a Canadian venture capital firm. Another existing Canadian investor, iNovia Capital, also participated. Peraso is a developer of multi-gigabit wireless connectivity solutions for consumer electronics and other markets. It said the funds raised will be used to increase capacity to address demand. Peraso has so far secured over $50 million in venture capital. Its other backers include Celtic House Venture Partners.
4 min read · 21 April 2016
Canadian venture capital firm iNovia Capital has expanded its presence in the Toronto-Waterloo corridor with the hire of Sarah Marion as an analyst. Working from the firm's office in Waterloo, Marion will be responsible for tracking startup activity in the Kitchener-Waterloo and Toronto ecosystems. Marion was previously a senior researcher at the Lazaridis Institute for the Management of Technology Enterprises. Montréal-based iNovia Capital earlier this year raised $175 million in the final close of its fourth fund.
4 min read · 21 April 2016
Canadian venture capital firm iNovia Capital has expanded its presence in the Toronto-Waterloo corridor with the hire of Sarah Marion as an analyst. Working from the firm's office in Waterloo, Marion will be responsible for tracking startup activity in the Kitchener-Waterloo and Toronto ecosystems. Marion was previously a senior researcher at the Lazaridis Institute for the Management of Technology Enterprises. Montréal-based iNovia Capital earlier this year raised $175 million in the final close of its fourth fund.
4 min read · 21 April 2016
Vancouver-based biotechnology company Qu Biologics Inc recently secured $4 million in private equity financing, bringing its total funding to $23 million. The investors were not disclosed. Founded in 2007 by Dr. Hal Gunn and businessman Rob Freeman, Qu Biologics specializes in the development of site-specific immunomodulators that aim to restore the body’s normal immune response to chronic disease. Funds raised will be used to expand the company's clinical and non-clinical programs this year.
3 min read · 21 April 2016
Vancouver-based biotechnology company Qu Biologics Inc recently secured $4 million in private equity financing, bringing its total funding to $23 million. The investors were not disclosed. Founded in 2007 by Dr. Hal Gunn and businessman Rob Freeman, Qu Biologics specializes in the development of site-specific immunomodulators that aim to restore the body’s normal immune response to chronic disease. Funds raised will be used to expand the company's clinical and non-clinical programs this year.
3 min read · 21 April 2016
