GreenSky Ventures

GreenSky and Henkel Adhesive Technologies led the round.

Toronto-based Paidiem Payment Solutions, a provider of end-to-end solutions for the contingent workforce ecosystem, has raised seed financing.

GreenSky Capital has led a C$1.85 million early-stage financing of Funnelytics, a Toronto-based customer journey visualization and analytics software platform.

Sudbury, Ontario-based Symboticware, a provider of industrial internet-of-things hardware and software, has raised C$2.8 million in seed financing.

GreenSky Capital, an investor in early-stage technology companies in Canada, has initially closed a fourth fund, securing C$15 million.

ProNavigator, 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.

Startup 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.

The 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.

Based in Toronto, Brickeye is a construction internet-of-things and data analytics technology company.

Mission Control is an Ottawa-based provider of advanced software solutions for use in space.

Recursion agreed to buy Toronto-based Cyclica for $40 million and Montreal-based Valence for $47.5 million.

Toronto-based Wisedocs, a machine learning software-as-a-service for medical record processing, has collected C$4.1 million in seed financing.

Canadian 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.

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.