North America

Ottawa-based power chip maker GaN Systems said it has raised $150 million in a financing led by Fidelity Management & Research, Reuters reported.

Oak Hill Capital and Canada Pension Plan Investment Board have agreed to recapitalize Berlin Packaging to facilitate the next stage of its growth.

Judo, a Toronto-based software-as-a-service platform that helps improve mobile app experiences, has collected $3 million in seed financing.

Toronto-based integrated water solution Klir has raised $16 million in Series A financing led by US venture capital and private equity firm Insight Partners.

HiMama, a Toronto-based early childhood education technology company, has secured C$70 million in Series B financing.

Mangrove Lithium, a Vancouver-based technology platform for the production of battery-grade lithium hydroxide, has raised $10 million in Series A financing.

Northleaf Capital Partners is launching a growth fund that targets Canadian healthcare and technology companies, adding to the $4 billion the firm has raised over the past year, Bloomberg reported.

British private equity firm LDC has exited its investment in Paladone, a Brighton, UK-based wholesale gift supply company.

Neo Performance Materials, a Toronto-based advanced materials supplier, completed a previously announced treasury and secondary offering, raising more than C$100 million.

Germantown, Maryland-based biotechnology company Deka Biosciences has collected $20 million in Series A financing.