Amplitude Ventures related stories
All articles and analysis
CCI completes acquisition of VC-backed BLiNQ NetworksCommunication Components Inc (CCI) has bought BLiNQ Networks, a Canadian provider of wireless backhaul solutions for small-cell networks and enterprise connectivity. No financial terms were released. CCI, a U.S. provider of antenna systems and RF solutions for wireless networks, said BLiNQ will operate as a branded business from its Toronto headquarters. BLiNQ was founded in 2010 following the buy of intellectual property and assets from Nortel Networks. It was backed by BDC Capital, Kensington Capital Partners, New Venture Partners, Summerhill Venture Partners and WIN, which invested /canada/2014/9/blinq-networks-raises-15-1-mln-in-series-b-financing-round/ in the company's US$15.1 Series B round in 2014.
Personalized health company Newtopia closes $10 mln Series APersonalized health platform Newtopia Inc has raised $10 million in a Series A financing. The round was led by a syndicate of U.S. and Canadian investors, including Bloom Burton & Co, an investment banking firm specializing in the health sector. Bloom Burton previously invested in the company /canada/2014/12/personalized-health-startup-newtopia-raises-follow-on-funding/ in late 2014. Based in Toronto and New York, Newtopia uses genetic testing and behavioural science to build personalized disease prevention plans for the workplace. It plans to use the funds raised to expand its geographic reach in the United States. Founded in 2008 by CEO Jeff Ruby, Newtopia's other investors have included BDC Capital.
CIX announces Canada’s 20 most innovative tech companiesThe Canadian Innovation Exchange (CIX) has announced this year's roster of 20 innovative companies to be inducted into the annual CIX Top 20 program. The companies were selected by a committee made up of technology experts and investors from across Canada and will appear at the CIX 2016 event http://canadianinnovationexchange.com/ in Toronto on November 22nd. They are: Blue J Legal, CareGuide, Drop Loyalty, Exact Media, Finn.ai, Gemba Software Solutions, Instant Financial, Landr, League, Medella Health, Overbond, Repayable, SweetIQ, TritonWear, TrustPoint Innovation Technologies, Unata, Wantoo, Zeitdice, Zensurance and Zoom.ai.
Achievers' founder Razor Suleman appointed CEO of NEXT CanadaThe Next 36, a Canadian non-profit organization focused on supporting young entrepreneurs, has rebranded as NEXT Canada. The initiative is intended to help expand the organization's scope, NEXT Canada said. To lead this effort, NEXT Canada has appointed Razor Suleman as its new CEO. Suleman founded and led Achievers, a venture-backed employee engagement platform acquired last year. He is currently a partner at Canadian alternative investment firm Alignvest Management Corp. Earlier in 2016, NEXT Canada launched /canada/2016/6/3338772/ the Young Founders Fund in partnership with BDC Capital and other investors.
Isomer Capital beefs up team with new additionIsomer Capital has appointed Catherine Dupéré as a principal to its London-based staff. Previously, Dupéré worked at BDC Capital, the investment arm of Business Development of Canada.
Nova Scotia commits $25 mln to new venture fundThe government of Nova Scotia has made a $25 million commitment to a new venture capital fund. The fund, which will be private sector-led, aims to increase the amount of financing available to high-growth Nova Scotia startups. Innovacorp will lead a process to find an experienced business leader or firm to administer the fund and attract additional private investment. This process will be assisted by Rob Barbara, a general partner at Build Ventures; Charles Baxter, a vice-president at Innovacorp; Dominique Belanger, a managing director at BDC Capital; and Gilles Duruflé, a consultant.
Capital Intelligent Mtl to invest $100 mln in Montréal's startupsThe city of Montréal and the Québec government have partnered with private investors to form a new group focused on Montréal's innovative startups. Capital Intelligent Mtl will draw on $100 million made available by 23 venture capital firms, financial institutions and corporations. It will target financings to the local adoption of digital technologies and the development of innovative projects. The new group's founding members include Québecor, Fonds de solidarité FTQ, Fondaction CSN, Caisse de dépôt et placement du Québec, BDC Capital, Desjardins Entreprises and Teralys Capital.
MaRS IAF leads $1 mln financing of Waterloo's Aterlo NetworksAterlo Networks Inc, a technology startup focused on improving video streaming quality for Internet users, has raised $1 million in financing. The round was led by MaRS Investment Accelerator Fund, a seed-stage fund managed by Canadian innovation hub MaRS Discovery District. BDC Capital and Sandvine Inc also invested. Waterloo-based Aterlo said the funds raised will be used to expand its flagship product, NightShift, hire local talent, and extend the reach of its marketing initiative. Founded in 2014, the company is led by CEO Gerrit Nagelhout.
VC-backed Zymeworks strikes optional merger deal with KairosZymeworks Inc, which this week raised /canada/2016/01/08/zymeworks-scores-61-5-mln-series-a/ US$61.5 million in Series A financing, has entered into an optional merger agreement with Kairos Therapeutics Inc, a Vancouver-based specialist in antibody drug conjugates. The deal, announced concurrently with a strategic partnership between the two companies, would integrate their respective platforms, resources and pipelines to accelerate the development of novel anti-cancer biotherapeutics. As part of the strategic partnership, Vancouver-based Zymeworks announced it has made an undisclosed equity investment in Kairos. BDC Capital and Lumira Capital led the company's Series A round.
Global fundraising recapFrom Europe to Silicon Valley, recaps of recent venture fundraisings, including Greycroft, 500, Paua and Nexus