Canada

Coveo nabs $227 mln in OMERS-led round

Coveo said Nov. 6 that it raised $227 million in funding led by OMERS Growth Equity. Existing investors participated as well as other financial institutions, including Evergreen Coast Capital, Fonds de solidarité FTQ and IQ. Québec City-based Coveo uses artificial intelligence and intelligent search technologies to personalize digital experiences for customers, partners, dealers and employees.

Coveo raises C$227 mln in Series F financing

Coveo said Nov. 6 that it raised C$227 million ($172 million) in funding led by OMERS Growth Equity. Existing investors participated as well as other financial institutions, including Evergreen Coast Capital, Fonds de solidarité FTQ and IQ. Québec City-based Coveo uses artificial intelligence and intelligent search technologies to personalize digital experiences for customers, partners, dealers and employees.

Amplitude unveils $200 mln fund

Amplitude Venture Capital has launched a $200 million fund. So far, the fund has raised 50 percent of its target. The fund will invest in Canadian healthcare companies. Amplitude was co-created with cornerstone investor BDC Capital.

HarbourVest closes second Canada growth fund

HarbourVest Partners has closed its second Canada growth fund at C$300 million. The fund was formed under the Canadian government's Venture Capital Catalyst Initiative. The fund's investors include institutional, corporate and high-net worth private sector investors from Canada, Europe and the U.S. As part of the VCCI program, the fund includes a cornerstone investment by the Canadian government through BDC Capital, the investment arm of BDC.

MindBeacon Group rakes in over $18 mln

Toronto-based MindBeacon Group, a provider of a digital mental health platform and and owner of CBT Associates, a Canadian psychology clinic network, has raised over $18 million as part of a Series A follow-on investment round. The lead investor was Green Shield Canada. Other investors that participated in the round included Manulife, TELUS Ventures and leading Canadian family offices.

Novacap acquires Foliot Furniture

Canadian private equity firm Novacap has acquired a majority stake in St-Jerome, Québec-based Foliot Furniture, a provider of furnishings for the hospitality and educational housing sectors. No financial terms were disclosed. Fonds de solidarité FTQ also invested in this transaction.

RedMarlin inks $10 mln Series A

Los Altos, California-based RedMarlin, a fraud prevention company, has secured $10 million in Series A funding. Thomvest Ventures and Crosslink Capital led the round.

PE-backed KDC/ONE acquires Benchmark Cosmetic Laboratories

Knowlton Development Corp (KDC/ONE) has acquired Benchmark Cosmetic Laboratories Inc, an Irvine, California-based custom formulator for established and emerging beauty brands. No financial terms were disclosed. Based in Longueuil, Québec, KDC/ONE is a custom maker of beauty, health and personal care brands. Last year, the company was acquired by a consortium led by U.S. private equity firm Cornell Capital for more than $1 billion. The seller was Novacap.

Fintech app Mylo secures $10 mln in NAventures-led financing

Mylo, a Montréal-based automated savings and investment app, has secured $10 million in financing, bringing its total funding to $14 million. The latest round was led by NAventures, the venture capital arm of National Bank of Canada. It was joined by existing investors Desjardins Capital, Ferst Capital Partners and Tactico. Launched in 2015 by CEO Philip Barrar, Mylo will use the proceeds for product innovation, new hires, continued growth in Canada, and expansion internationally.

PE-backed Hub buys RBI Advisory Group

Hub International Limited, a global insurance brokerage, has acquired Okotoks, Alberta-based RBI Advisory Group, a provider of group benefit advisory services to employers and associations. No financial terms were disclosed. Hub is backed by Altas Partners and Hellman & Friedman.