Private Equity
Vaughan, Ontario-based Daisy Intelligence, an AI-powered platform for retail and insurance, has raised $10 million in Series A funding. Framework Venture Partners led the round with participation from Sonae IM, a European-based corporate investor. The capital will be used by Daisy for growth, global expansion, sales and marketing and support for its customer success teams.
4 min read · 20 September 2019
Canada Pension Plan Investment Board has acquired a 45 percent stake in PT Lintas Marga Sedaya, the concession holder and operator of the Cikopo-Palimanan toll road. No financial terms were disclosed. The investment will be made in partnership with PT Baskhara Utama Sedaya, a subsidiary of PT Astra Tol Nusantara. CPPIB and BUS will jointly acquire the 55 percent stake currently held by PLUS Expressways International Berhad, a subsidiary of the UEM Group.
3 min read · 19 September 2019
Port Coquitlam, British Columbia-based Finger Food Advanced Technology Group, an enterprise technology solution provider, has secured up to $3.5 million in funding. The investor is Opportunity Calgary Investment Fund. The capital infusion will be used by Finger Food to accelerate the incubation of new digital technologies and develop local tech ecosystems. In addition to the investment, Finger Food will open an advanced technology center in Calgary.
1 min read · 19 September 2019
Listen Technologies Corporation has acquired AudioConexus, a Kingston, Ontario-based tourism technology company. No financial terms were disclosed. Earlier this year, AudioConexus secured undisclosed mezzanine financing from BDC Capital. Bluffdale, Utah-based Listen Technologies is a provider of assistive listening systems.
3 min read · 19 September 2019
Montréal-based neuvoo, an employment website, has secured $53 million in funding. The investor was Caisse de dépôt et placement du Québec. The capital infusion will be used for new market expansion and platform optimization. This investment was part of the CDPQ-AI Fund, which was launched in spring 2019.
3 min read · 19 September 2019
Blue Acorn iCi, a portfolio company of Canadian private equity firm Beringer Capital, has acquired Boulder, Colorado-based Mediotype, a digital ecommerce company. No financial terms were disclosed. Blue Acorn iCi has offices in Charleston, Raleigh, New York, Toronto, Los Angeles, San Antonio and Shelton, Connecticut.
3 min read · 18 September 2019
Waterloo-based Plum, a talent data platform, has raised $4.2 million in seed funding. Real Ventures led the round. As a result of this investment, Plum has raised a total tally of $6.1 million.
1 min read · 18 September 2019
Toronto-based ArcTern Ventures, a venture firm that invests in clean tech companies, has closed its second fund at $200 million. The fund's investors include TD Bank Group, Suncor, BDC, The Ivey Foundation and another Canadian pension fund. The anchor investors were OMERS and Equinor, a Norwegian energy company. Last October, ArcTen raised $60 million in the first closing of its second fund, as reported by PE HUB. ArcTern’s Managing Partners Murray McCaig and Tom Rand co-founded ArcTern Ventures in 2012.
5 min read · 18 September 2019
Toronto-based Maple, a telemedicine platform that connects patients and healthcare providers, has secured $15.5 million in funding. Acton Capital leads the latest funding round with participation from Canadian home health institution SE Health.
5 min read · 18 September 2019
TouchBistro has raised $158 million in Series E funding. OMERS Growth Equity led the round with participation from Barclays Bank, RBC Ventures, BMO Capital Partners, OMERS Ventures, JPMorgan Chase, Napier Park Financial Partners, BDC IT Venture Fund and Kensington Capital Partners. The capital infusion will be used for acquisitions, growth, international market expansion, technology advancements and personnel hiring. With offices in Toronto, New York, Chicago, Los Angeles, the UK and Mexico, TouchBistro is an iPad POS for restaurants.
1 min read · 18 September 2019
