Amplitude Ventures related stories
All articles and analysis
Ottawa reopens Immigrant Investor Venture Capital pilot programThe federal Immigrant Investor Venture Capital (IIVC) pilot program, announced in December 2014 /canada/2014/12/16/ottawa-unveils-immigrant-investor-venture-capital-pilot-program/ has reopened for applications for the period May 25 to December 20, 2015. The program, which invites skilled and wealthy business immigrants to contribute to an IIVC fund that will invest in high-growth technology companies based in Canada, was previously open for applications earlier this year. Citizenship and Immigration Canada will process the first 60 applications received, and place the next 60 on a waiting list. The IIVC fund will be managed by BDC Capital and is expected to raise $100 million or more in commitments.
VC-backed Mobidia acquired by VC-backed App AnnieCanadian mobile measurement company Mobidia Inc has been bought by App Annie Inc, a U.S. mobile app intelligence platform. The financial terms of the acquisition were not disclosed. San Francisco's App Annie said the deal combines the industry's two largest data sets into its technology solution, giving customers access "to more granular, accurate app usage insights." Based in Richmond, British Columbia, Mobidia has been venture-backed since its founding in 2005. Its Canadian investors include BDC Capital and Discovery Capital. Earlier in 2015, App Annie raised its Series D round, which was led by Institutional Venture Partners and joined by Greycroft Partners, IDG Capital Partners and Sequoia Capital.
D-Wave Systems snags C$29 mlnD-Wave Systems Inc, a quantum computing company headquartered in Burnaby, British Columbia, has secured C$29 million in funding. The investors in this round were not named; however, D-Wave's previous backers include Bezos Expeditions, BDC Capital, DFJ, Goldman Sachs, Growthworks, Harris & Harris Group, In-Q-Tel, International Investment and Underwriting and Kensington Partners Limited.
Fund briefs recapA summary of fundraising news worldwide, including Artis, Obvious, Fenox, IQ Capital, Golden and others
Venture-backed Xagenic picks Timothy Still as new president and CEOXagenic Inc has named Timothy I. Still as its new president and CEO. He will also serve on the company's board of directors. Still previously led Accumetrics Inc, a U.S.-based point-of-care test manufacturer acquired by ITC Nexus Holding Co in 2013. Based in Toronto, Xagenic is the developer of a fully-automated molecular diagnostic platform that will enable lab-free testing. It is backed by a number of Canadian and U.S. venture capital firms, including BDC Capital, CTI Life Sciences Fund, Domain Associates and Ontario Capital Growth Corp.
Top VC deals done in Canada in third quarterCanada’s Venture Capital and Private Equity Association and research partner Thomson Reuters will in November publish their full report on Canadian venture capital activity in the third quarter of 2014. In the meantime, peHUB Canada has compiled an early list of some of the top disclosed financings completed between July and September.
- Cycle Capital leads Series A round for Agrisoma
Agrisoma Biosciences has secured Series A financing that is expected to total $8 million through 2014. Cycle Capital Management led the round with participation from BDC Venture Capital. In addition to the funding, Agrisoma has appointed Rick Smith, former president and CEO at Dow AgroSciences Canada, to its board as well as John Plaza, president/CEO and founder of Imperium Renewables. Base in Quebec, Agrisoma is an agriculture tech firm.
BDC, Canada Media Fund partner to finance digital media venturesThe Canada Media Fund (CMF), which supports companies that promote Canadian creative content, is partnering with BDC Capital, an affiliate of the Business Development Bank of Canada (BDC), to increase the funding available to project commercialization in the digital media industry. Under this arrangement, BDC will provide eligible ventures in gaming and software with a convertible note worth $150,000 to complement investments already committed by CMF. One objective of the partnership will be to increase opportunities for these companies to secure additional private sector investments.
Gibraltar Ventures launches $50 mln consumer tech fund, invests in FanXchangeThere is a new Canadian technology investor in town. Gibraltar Ventures, a Toronto-based firm that is seeking to bring disruptive technology solutions to consumers and small to medium-sized businesses, this week completed the initial close of its first $50 million fund, Gibraltar Ventures Fund One LP. Backers of the fund included BDC Capital. Gibraltar has also made its first investment, leading the $5.2 million Series A financing of online tickets marketplace FanXchange.
- Invidi Raises $23 Million
Invidi Technologies Corp., a Princeton, N.J.-based provider of targeted advertising for broadband TV services, has raised $23 million in Series D funding. Google Inc. led the round, and was joined by return backersWPP Group, EnerTech Capital, InterWest Partners and Menlo Ventures.