The Business Development Bank of Canada related stories
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Nexus Venture Partners, BDC and Mark Cuban back ProcurifyProcurify has received $1.2 million in seed funding. The investors included Nexus Venture Partners, Mark Cuban and the Business Development Bank of Canada. Based in Vancouver, British Columbia, Procurify is a cloud procurement software company.
Nexus Venture Partners, BDC and Mark Cuban back ProcurifyProcurify has received $1.2 million in seed funding. The investors included Nexus Venture Partners, Mark Cuban and the Business Development Bank of Canada. Based in Vancouver, British Columbia, Procurify is a cloud procurement software company.
- Real Ventures completes first $50 mln close of third venture fund
Real Ventures announced that it has completed the first closing of its third venture capital fund at $50 million, with an ultimate target of $100 million. The fund will focus on web, mobile and internet focused investments in Canada and specifically in Quebec.
- Real Ventures completes first $50 mln close of third venture fund
Real Ventures announced that it has completed the first closing of its third venture capital fund at $50 million, with an ultimate target of $100 million. The fund will focus on web, mobile and internet focused investments in Canada and specifically in Quebec.
Real Ventures completes first $50 mln close of third venture fundReal Ventures announced that it has completed the first closing of its third venture capital fund at $50 million, with an ultimate target of $100 million. The fund will focus on web, mobile and internet focused investments in Canada and specifically in Quebec. Real Ventures' fundraising efforts were previously reported /canada/2014/01/13/real-ventures-3-0-to-launch-with-imminent-first-close-of-100-million-partnership/ at peHUB Canada in January.
- Real Ventures completes first $50 mln close of third venture fund
Real Ventures announced that it has completed the first closing of its third venture capital fund at $50 million, with an ultimate target of $100 million. The fund will focus on web, mobile and internet focused investments in Canada and specifically in Quebec. Real Ventures' fundraising efforts were previously reported /canada/2014/01/13/real-ventures-3-0-to-launch-with-imminent-first-close-of-100-million-partnership/ at peHUB Canada in January.
Métal 7 bought by PE group led by NCP Investment ManagementCanadian private equity firm NCP Investment Management has led an investor group to buy specialized manufacturer Métal 7 Inc. The acquisition price was not disclosed. Joining NCP in the deal was the Business Development Bank of Canada, Fondaction CSN, Fonds de solidarité des travailleurs du Québec FTQ and other minority investors. Proceeds of the transaction will support Metal 7's further expansion as a designer and producer of high-performance equipment for primary industries. Founded in 1974, the company is based in Sept-Îles, Québec. With offices in Montréal, Québec City and Victoria, British Columbia, NCP makes private equity investments in partnership with companies to improve operations and scale platforms.
Venture-backed BTI Systems taps Colin Doherty as new CEOBTI Systems Inc has named Colin Doherty as its new president and CEO. He assumed the role from Steve Waszak, who has served as the company's top executive since 2010. Doherty joined BTI from U.S.-based Arbor Networks Inc, where he served as CEO until the software company's acquisition in 2010. With headquarters in Ottawa, Ontario, BTI is a provider of cloud and metro networking software and systems to content and service providers. Since 2011, the company has received $60 million in venture capital funding from Canadian and U.S. backers, including Bain Capital Ventures, BDC Venture Capital, Covington Funds and GrowthWorks.
- BTI Systems names Colin Doherty president and CEO
BTI Systems, a provider of cloud and metro networking software and systems to content and service providers has appointed global telecommunications industry veteran Colin Doherty as president and chief executive officer. BTI's backers include Bain Capital Ventures, BDC, Covington Capital, GrowthWorks and additional strategic investors.
Ottawa commits $300 mln to VC funding of Canadian digital companiesThe federal government has unveiled http://www.ic.gc.ca/eic/site/064.nsf/eng/h_00047.html?OpenDocument a comprehensive new strategy called Digital Canada 150 aimed at allowing Canadians to take full advantage of digital opportunities. As part of the strategy, Industry Canada will through the Business Development Bank of Canada (BDC) provide $300 million in venture capital funding for digital companies. An additional $200 million has been earmarked to support small and medium-sized businesses with their adoption of digital technologies.