Private Equity
Unity Technologies, a San Francisco-based real-time 3D development platform, has signed investment agreements with several investors, including Canada Pension Plan Investment Board. Terms weren’t disclosed for the agreements, which were also made with existing investors Sequoia Capital and Silver Lake Partners, among others. Unity also opened a tender offer of up to $525 million for common shareholders, which could bring recent investment to $675 million. It said the latest deal values the business at $6 billion. Launched in 2003, Unity provides content creators with tools to create interactive 2D, 3D, virtual reality and augmented reality experiences.
3 min read · 26 July 2019
Unity Technologies, a San Francisco-based real-time 3D development platform, has signed investment agreements with several investors, including Canada Pension Plan Investment Board (CPPIB). Terms weren't disclosed for the agreements, which were also made with existing investors Sequoia Capital and Silver Lake Partners, among others. Unity also opened a tender offer of up to US$525 million for common shareholders, which could bring recent investment to US$675 million. It said the latest deal values the business at US$6 billion. Launched in 2003, Unity provides content creators with tools to create interactive 2D, 3D, virtual reality and augmented reality experiences.
3 min read · 25 July 2019
BDC provided financing and advisory services to a record 60,000 Canadian business owners in fiscal 2019, up 7 percent from a year ago, according to its annual report. Committed capital of BDC Capital, the growth equity, mezzanine and venture capital investment arm of BDC, now totals more than $3 billion. BDC Capital's Growth & Transition Capital team committed $900 million to business transitions in fiscal 2019, with nearly $200 million deployed. Its $200 million Women in Technology Venture Fund also invested in 19 women-led companies, bringing the total to 25. The Venture Capital team increased its focus on late-stage companies, co-creating an information technology fund and launching its $250 million Industrial Innovation Venture Fund.
4 min read · 24 July 2019
3 min read · 10 July 2019
Radical Ventures is adding to its bench strength with a fresh crop of hires, including a former operating executive in the value-creation platform of buyout giant KKR. The Toronto-based artificial-intelligence VC firm recently brought on Parasvil Patel as a principal. Patel joined from KKR-Capstone, where for four years he was part of a New York-based group that supports KKR’s global investment activity and portfolio companies. At Radical, Patel will help to source AI opportunities and support the growth of portfolio companies, something he is "uniquely skilled for,” Managing Partner Jordan Jacobs told PE Hub Canada.
2 min read · 04 July 2019
Sensibill, a Toronto-based digital receipt management platform, has raised about $41.2 million (US$31.5 million) in its latest financing, according to a report by the Globe and Mail. The round was led by Canadian artificial-intelligence venture capital firm Radical Ventures, the report said. It was joined by Information Venture Partners and First Ascent Ventures (formerly Open Text Enterprise Apps Fund), which led 2017's $17.3 million Series A financing, as well as National Bank of Canada. Founded in 2013 by CEO Corey Gross and CTO Jamie Alexander, Sensibill provides receipt management software that can be built into mobile banking apps.
1 min read · 04 July 2019
Bicameral Ventures has made an undisclosed investment in Balance, a Toronto-based financial technology startup focused on custody solutions for digital assets. The deal, the proceeds of which will be used to accelerate Balance's growth, entitles Bicameral to a board seat. Founded two years ago by CEO George Bordianu and COO Baha Nurlybayev, Balance develops solutions for securely buying, holding and trading a basket of cryptoassets. The company was part of the 2019 class of Techstars Toronto Accelerator. Based in Toronto, Bicameral invests in early-stage projects leveraging blockchain and virtualized technologies.
3 min read · 04 July 2019
CTRL-labs has acquired the intellectual property for the Myo gestural armband from North, a Kitchener, Ontario-based wearable technology company. Terms weren't released for the deal, which CTRL-labs announced on Twitter. The New York-based neural interface technology developer said it will "bring these inventions back to life." North, which is said to have raised a US$40 million convertible debt financing earlier this year, recently focused on its augmented reality eyewear called Focals. In February, CTRL-labs reportedly closed a US$28 million round led by GV, Google’s venture capital arm, and joined by Amazon’s Alexa Fund, Lux Capital, Spark Capital and others.
1 min read · 03 July 2019
Mobile Klinik has acquired Device Care, a Cambridge, Ontario-based smartphone accessories and repair chain, for an disclosed amount. Founded in 2014, Device Care provides branded and private-label accessories and repair services to customers through six locations in Ontario and Québec. Mobile Klinik, a Toronto-based smartphone and tablet repair, care, sales and services retailer, said the acquisition both complements and enhances its Canada-wide business. In May, Mobile Klinik raised $27.5 million in a Series C financing, bringing total funding to $44 million. The round included a minority investment from Canadian Business Growth Fund.
3 min read · 03 July 2019
AlayaCare, a Toronto- and Montréal-based healthcare software platform, has secured a $51 million investment, $33 million of which is new equity. The investors included Inovia Capital, which led last year's $13.8 million Series B round, as well as Caisse de dépôt et placement du Québec and Investissement Québec. Inovia Capital Growth Fund accounted for the new equity. The remaining $18 million invested purchased stock from early shareholders. Founded in 2014 by CEO Adrian Schauer, AlayaCare provides a secure, cloud-based system that helps home and community care agencies manage all aspects of their business and operations. The deal's proceeds will allow the company to scale and focus on research and development to optimize its technology.
5 min read · 02 July 2019
