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Rho Canada, Build Ventures lead $3 mln financing of RessonResson Aerospace Corp has received $3.025 million in venture capital financing. The round was led by Canadian venture capital firms Rho Canada Ventures and Build Ventures, and was joined by BDC Capital, New Brunswick Innovation Foundation and other private investors. Headquartered in Fredericton, New Brunswick, Resson is a bioinformatics and data analytics startup that helps large agricultural producers create efficiencies to maximize crop production and profits. The company said that investment proceeds will be used to accelerate its technology and hire staff. Resson was founded in 2013.
Monteris Medical reels in $30 mln in Series B financingMonteris Medical Corp has received about US$30 million in Series B funding. Birchview Capital led the round with participation from The Vertical Group and previous Canadian backer BDC Capital Healthcare Fund, one of three sector-focused funds managed by BDC Capital. Based in Plymouth, Minnesota, and Winnipeg, Manitoba, Monteris is a developer of minimally invasive laser systems to address brain lesions. Update: Monteris said the capital infusion would support expansion of commercial and clinical programs for its robotic neurosurgical system. Founded in 1999, the company's technology was developed from research begun at Winnipeg's St. Boniface General Hospital.
Monteris reels in $30 mln Series BMonteris Medical Corp. has received about $30 million in Series B funding. Birchview Capital led the round with participation from The Vertical Group and previous backer BDC Capital Healthcare Fund. Based in Plymouth, Minn. and Winnipeg, Manitoba, Monteris is a developer of devices for MR-guided, robotically controlled neurosurgery.
- Montreal-based Execution Labs snags C$6 mln Series A
Montreal-based Execution Labs, a game accelerator and investment platform, has received C$6 million in Series A funding. Corus Entertainment led the round with participation from return backers BDC Capital, Real Ventures and White Star Capital. In addition to the funding, Execution Labs has added Scott Dyer of Corus to its board.
Execution Labs secures $6 mln in Series A funding roundMontréal game accelerator and investment platform Execution Labs Inc has raised $6 million in a Series A financing. The round was led by Corus Entertainment Inc, a Canadian media company, and was joined by existing investors BDC Capital, Real Ventures and White Star Capital. Execution Labs said the capital infusion will allow it to expand its mentoring, funding and other support services to new game studios. Corus said it will help the company build its brand presence in the market. To this end, Scott Dyer, a senior executive and CTO at Corus, will join Execution Labs' board of directors. Founded in 2012, Execution Labs also has operations in San Francisco.
BDC Capital leads $2 mln funding of mobile med platform ClearwaterClearwater Clinical Ltd, a developer of medical devices to enable efficient mobile diagnosis of medical conditions, has secured $2 million in venture capital financing. The round was led by BDC Capital Healthcare Fund, a sector-focused fund managed by the Business Development Bank of Canada (BDC), and was joined by Naavon and Fundfire. The Ottawa-based company said that the funds will help accelerate sales and marketing of its product suite. It was also announced that Michael Weider, who previously founded Blaze Software Inc and Watchfire Corp, has joined Clearwater as its new CEO. Jean-François Pariseau, a BDC partner, has joined the company's board of directors.
BDC again named among Canada's top 100 employersThe Business Development Bank of Canada (BDC) has once again been recognized by Mediacorp Canada Inc as one of Canada's Top 100 Employers. This is the ninth consecutive year in which BDC has been recognized in Mediacorp's annual national competition. The Montréal-based BDC offers loans, consulting services, growth and business transition capital, securitization, and venture capital to more than 30,000 small and medium-sized companies in Canada.
BDC Capital lends $500k to expand Led Innovation DesignLed Innovation Design, a technology-oriented manufacturer of LED lighting products for professional sports, agricultural and industrial markets, has received a subordinated loan totaling $500,000 from BDC Capital, a division of the Business Development Bank of Canada (BDC). The company, which is currently focused on lighting large professional sports arenas in North America, said the funds will be used to increase its sales force and expand its customer base. Founded in 2009, Led Innovation Design is based in Laval, Québec.
SFX Entertainment buys venture-backed music app ListnListn, a music app created by Montréal-based company MFive Labs Inc, announced that it is joining Beatport, a brand affiliate of U.S. media conglomerate SFX Entertainment Inc. The financial details of the acquisition were not published. MFive Labs, a graduate of Canadian startup accelerator FounderFuel, received seed-stage funding from Canadian venture capital firms BDC Capital and Real Ventures last year. Beatport is a disc jockey and electronic music community. It was acquired by SFX in early 2013.
BDC study highlights do's and don'ts of Canadian business successNew research published by the Business Development Bank of Canada (BDC) points to five fundamental elements of Canadian business success, as well as five common pitfalls. The report http://www.bdc.ca/EN/Documents/analysis_research/five-dos-and-five-donts.pdf The Five Do's and Five Don'ts of Successful Businesses, indicates that factors of high performing companies include: innovation; reliance on external advice; a solid and measurable business plan; hiring the best employees and keeping them engaged; and strong relationships with suppliers. The BDC has provided an infographic http://www.bdc.ca/EN/small-business-week/Pages/five-dos-and-five-donts.html that highlights its key findings. The report was released as part of the 35th annual BDC Small Business Week, which runs from October 19 to 25.