Welltok Inc, a consumer health enterprise platform, has raised US$45 million in follow-on funding. The round was led by Canadian venture capital firm Georgian Partners, with participation from EDBI, Flare Capital Partners and several existing institutional and strategic investors. Denver, Colorado-based Welltok said the investment supported its buy of Silverlink, a healthcare consumer communications company. The acquisition will add to Welltok's health optimization capabilities, the company said. The investment's proceeds will also facilitate on-going product development and market expansion. Earlier this week, Georgian Partners led the Series B financing of Bluecore Inc.
4 min read · 03 December 2015
Montréal-based iNovia Capital, one of Canada’s best known venture firms, is only weeks away from wrapping up its fourth information technology fund, a source with knowledge of the matter told VCJ.
2 min read · 03 December 2015
Technomedia, a Canadian cloud-based talent management software provider, has been bought by Cegid Group, a French enterprise software company. The acquisition's value was not disclosed. Cegid said the deal forms part of its growth strategy in the human resources sector and lends impetus to its international expansion. Founded in 1996 by CEO Alain Latry, Montréal-based Technomedia has developed a talent management software suite that is used by private and public sector organizations in more than 70 countries. The technology, media and telecom group of Canadian private equity firm Novacap acquired a majority stake in the company in 2009.
10 min read · 03 December 2015
Vancouver-based Wiivv Wearables Inc, a bionics company that creates custom, 3D printed body gear, has secured $3.5 million in seed-stage financing. The round was led by U.S. venture capital firm Eclipse Ventures, Canadian firm Real Ventures, and is the first investment made by Asimov Ventures, a U.S. investor focused on 3D printing and robotics. Other investors included Evonik Industries, MAS Holdings, Relentless Pursuits Partners and FIT Technology Group. Founded last year, Wiivv said it is preparing for a Kickstarter campaign in early 2016 to build a community of early adopters for its first product: BASE, a 3D printed comfort-fit insole.
3 min read · 03 December 2015
Fengate Capital Management, a Canadian infrastructure and real estate investment firm, has purchased two solar parks in the United Kingdom for $110 million. The parks, co-developed by Kinetica Solar and WElink Energy, are the 39 megawatt Raventhorpe site in North Lincolnshire, England and the 7 megawatt Roanhead site in Cumbria, England. Fengate said the deal increases its power generation assets to over 300 megawatts. Earlier this year, Toronto-based Fengate raised a US$180 million infrastructure fund in partnership with KB Asset Management and institutional investors.
2 min read · 02 December 2015
Montréal-based Fresche Legacy, a legacy management platform, has secured $7.8 million in funding. The investors were the Fonds de solidarité FTQ and its regional fund in Montréal. Fresche Legacy, formerly known as Speedware, provides solutions to organizations that are seeking to modernize and extend the life of legacy applications running on IBM Power Systems. It plans to use the investment's proceeds to fuel continued organic growth. The company recently completed several acquisitions, including looksoftware in 2014 and Databorough in 2013, and sees additional opportunities in consolidation of the global modernization solutions market.
3 min read · 02 December 2015
Mobify, a Canadian mobile commerce and engagement platform, has acquired Dónde, a Chicago-based provider of location-aware mobile technology. No financial terms were released. Mobify, which has its headquarters in Vancouver, said the combination of Dónde's technology with its own will impact mobile commerce offerings and create a more integrated in-store and online shopping experience. Founded in 2013, Dónde secured funding from a number of U.S. angel investors and early-stage venture capital firms, including Chicago Ventures, Mercury Fund and Vince Street Ventures.
5 min read · 01 December 2015
BDC Capital Fund of Funds played an essential role in this year’s revival of venture fundraising in Canada. For the group’s head, BDC Vice President Neal Hill, that’s just the beginning. BDC’s funds group plans to increase its annual commitments to $100 million or greater, with a portion of the money earmarked for larger-sized Canadian venture capital funds.
3 min read · 30 November 2015
Canadian venture capital firm Klass Capital has partnered with management to acquire a controlling interest in Docebo SpA, an Italian provider of cloud-based corporate learning management solutions. The deal, the value of which was not disclosed, saw Klass buy the shares of Principia SGR, an Italian venture capital firm, and make an additional growth equity investment in the company. This follows an initial US$3 million investment made by Klass in February and its purchase of shares held by Seeweb in July. Docebo said it has experienced triple digit growth of late, adding over 10 enterprise customers per month.
3 min read · 30 November 2015
Gryphon Investors has acquired a majority interest in The Original Cakerie, a Canadian manufacturer of frozen desserts for retail and food service customers. No financial terms were disclosed for the deal, which is expected to close this month. BMO Capital Markets provided financial advice to Gryphon on the transaction, while Houlihan Lokey did likewise for the company. Based in Delta, British Columbia, The Original Cakerie serves more than 300 customers in the United States and Canada. Gryphon Partner Dennis O’Brien said the company is "a uniquely attractive platform for expansion in the North American baked goods sector."
4 min read · 30 November 2015
