GreenSky Ventures related stories
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ProNavigator closes seed round, ups funding to $2 mln-plusProNavigator, a Waterloo-based insurance technology company, has closed a seed-stage financing, bringing its total funding to more than $2 million. MaRS Investment Accelerator Fund and GreenSky Capital led the round. They were joined by Innovation Grade Ventures and several angel investors. Founded in 2016 by CEO Joseph D’Souza, ProNavigator provides an artificial intelligence-enabled virtual assistant that helps insurers and agencies automate customer inquiries, supporting increased sales, retention and productivity. The funds raised will be used for enhancing the company's technology and expansion in the U.S. market.
BIC, VCs to co-invest in bioeconomy, cleantech startupsStartup accelerator Bioindustrial Innovation Canada (BIC) has agreed to partner with five venture capital firms to capitalize emerging companies in Canada's bioeconomy and clean technology sectors. ArcTern Ventures, Cycle Capital Management, Fraser Mackenzie Merchant Capital and Greensky Capital of Canada and France's Sofinnova Partners will work with BIC to explore opportunities to co-invest in BIC portfolio companies. Sarnia, Ontario-based BIC supports early-stage companies focused on converting renewable resources into value-added bioenergy, biofuel, biochemicals and biomaterials.
GreenSky Accelerator Fund leads $790k financing of PyrowaveThe GreenSky Accelerator Fund I LP, a venture capital fund formed earlier this year /canada/2015/07/07/greensky-unveils-new-vc-fund-prepares-for-debut-financing-of-cyclica/ has led a $790,000 financing of Pyrowave Inc. The other investors were members of GreenSky President’s Club. Pyrowave, which is based in Mississauga, Ontario, is the developer of a microwave recycling technology that can convert plastics into high value chemicals. The round's proceeds will be used to commercialize the technology in initial market segments. In March 2015, Pyrowave received funding from /canada/2015/03/10/bdc-capital-foresight-invest-in-clean-tech-startups-dark-vision-pyrowave/ BDC Capital and Foresight Clean Technology Accelerator. The GreenSky Accelerator Fund is an affiliate of GreenSky Capital, a Canadian boutique finance advisory firm.
Newly formed GreenSky Accelerator Fund closes Cyclica investmentGreenSky Accelerator Fund I LP, a venture capital fund recently launched /canada/2015/07/07/greensky-unveils-new-vc-fund-prepares-for-debut-financing-of-cyclica/ by Canadian boutique finance advisory firm GreenSky Capital, has closed an undisclosed seed investment in Cyclica Inc. Cyclica, which is based in Toronto, provides computational analysis technology focused on making better and safer pharmaceutical drugs, nutraceuticals ingredients, and personal care products. The company may receive additional funding from the GreenSky President’s Club and other co-investors. Founded in 2013, Cyclica is a client of the RIC Centre, an entrepreneur and innovation hub for the Mississauga, Brampton and Caledon regions of Ontario.
GreenSky unveils new VC fund, prepares for debut financing of CyclicaCanadian boutique finance advisory firm GreenSky Capital has launched its previously announced /canada/2015/01/23/greensky-capital-to-launch-new-seed-stage-investment-fund/ early-stage venture capital fund, GreenSky Accelerator Fund I LP. The fund, which will leverage GreenSky's deal flow to make investments in Canadian technology startups, completed an initial close of $3.25 million. It is targeted to raise $4 million in total. It was also announced that the fund has entered into a term sheet for its first investment in Cyclica Inc, a data interaction platform that simulates the interaction of pharmaceuticals with the body’s proteins. The company, which is based in Toronto, secured financing from GreenSky President's Club in 2013.
Mirexus Biotechnologies secures $3.7 mln in Series A fundingCanadian biotechnology startup Mirexus Biotechnologies Inc has obtained US$3.7 million in a Series A financing. The round was led by Barbados-based Goddard Enterprises Ltd and was joined by investors associated with the GreenSky Presidents Club, which helped to seed the company /canada/2014/03/13/greensky-presidents-club-invests-350k-in-mirexus-biotechnologies/ in 2014. Proceeds of the investment will be used by Mirexus to market its products, to build manufacturing capability, and to enhance its research capability. Based in Guelph, Ontario, the company is commercializing a novel nanotechnology based on polysaccharide nanoparticles that can be used in a range of markets, from cosmetics to nutraceuticals to biomedical applications.
GreenSky and the seeding of Smart Energy InstrumentsIt is important to occasionally tip our hats to those who practice the challenging art of seed investing and show results for their efforts. That includes not only the VCs, but also the market agents who help shape deal-making. A few weeks ago, the Private Capital Markets Association of Canada recognized the work of GreenSky Capital, a boutique advisory firm that helped smart sensor maker Smart Energy Instruments raise over $6 million in seed-stage and Series A funding.
- Newly launched GreenSky President’s Club gives angels access to vetted deal flow
Toronto-based financial advisory firm GreenSky Capital has launched GreenSky President’s Club (GPC), a group http://www.greenskycapital.com/greensky-presidents-club-first-meeting/ of high net worth investors interested in investing in early-stage technology companies. Under the GPC model, opportunities are first pre-screened by GreenSky. ”We will often work with companies for a couple of months before we bring them to the GPC, and will have completed and organized our own due diligence for the group to review even before they see the presentations," said GreekSky president Geoff Simonett. GPC's first meeting was this month held at MaRS Discovery District. Twenty GPC members were introduced to Cyclica, a platform for accurately testing drug candidates and designing new drugs, and OTI Lumionics, a company focused on reducing the manufacturing costs of organic light emitting diodes.
- Pliteq raises $2.25 mln to solve construction issues with recycled materials
Toronto-based Pliteq Inc, an engineering company focused on solutions to structural, vibration, and sound control problems using recycled materials, has raised $2.25 million from an existing private investor and Grenville Strategic Royalty Corp, a new Canadian royalty financing firm. Funding proceeds will help the company provide services to customers in commercial and residential construction sectors and bring new products to market. Corporate finance advisory firm GreenSky Capital Inc assisted Pliteq in securing the investment.