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BDC, CVCA infographic points to VC's impact on Canadian startupsAn infographic http://www.bdc.ca/EN/solutions/venture_capital/newsroom/Pages/impact_vc_on_businesses.aspx created by the Business Development Bank of Canada (BDC) and Canada's Venture Capital & Private Equity Association (CVCA) highlights data attesting to the positive impact of venture investment in Canadian innovative companies. Some of the data come from a 2013 report /canada/2013/11/03/the-collateral-benefits-venture-capital/ published by the CVCA in partnership with Industry Canada and Statistics Canada, providing new evidence of the economic benefits of market activity. Speaking about Canadian venture deal-making trends in 2013, BDC executive vice-president Jérôme Nycz said results show "the fruits of an ecosystem coming together." BDC also pointed to recent trends that have been influenced by BDC Venture Capital's fund-of-funds activity, direct investments made by its specialty IT, energy/cleantech and healthcare funds, and its role in facilitating the implementation of Ottawa's Venture Capital Action Plan.
BDC, Yaletown, Byye Group team up to fund ePACT NetworkVancouver-based ePACT Network Ltd has secured a new round of financing, and entered into a strategic partnership with Calgary's Byye Group to support accelerated spread of emergency preparedness. The undisclosed financing, estimated by one source http://www.techvibes.com/blog/epact-network-raises-1-million-investment-round-2014-02-19 as more than $1 million, was provided by Byye and existing Canadian venture capital investors BDC Venture Capital and Yaletown Venture Partners. Proceeds of the investment will be used to expand international sales and marketing efforts, along with key product enhancements. Founded by emergency management specialists and web technology experts in 2012, ePACT has been venture-backed since 2013.
LoginRadius snags $1.3 mlnLoginRadius said Tuesday that it has raised $1.3 million in financing. The investors included Accelerate Fund, Yaletown Venture Partners, Real Ventures, BDC Capital and several unnamed angel investors. Based in Edmonton, LoginRadius is a social login and sharing provider.
BDC and Mistral co-lead $1.7 mln financing of dashboard startup KlipfolioKlipfolio Inc said Friday that it has closed $1.7 million in venture capital financing. The Canadian and U.S.-based investors included BDC Venture Capital IT Fund and Mistral Venture Partners, which co-led the round, as well as Fundfire, BOLDstart Ventures, Acadia Woods and CommonAngels Ventures. Based in Ottawa, Klipfolio is a provider of cloud-based web and mobile dashboard solutions. Update: Investment proceeds will allow the company to continue to grow its customer base in the global business intelligence software market, Klipfolio said.
- Klipfolio nets VC funding
Klipfolio said Friday that it has closed C$1.7 million in funding. The investors included BDC Venture Capital IT Fund, Mistral Venture Partners, Fundfire, BOLDstart Ventures, Acadia Woods and CommonAngels Ventures. Based in Ottawa, Klipfolio is a provider of cloud-based web and mobile dashboard solutions.
Tacit Innovations to ease restaurant ordering with $700k in seed fundingTacit Innovations, designer of a mobile app and platform that allows customers to discover restaurants, browse menus, manage their orders and pay for their meals, recently secured $700,000 in seed-stage financing. The Toronto-based company's backers are BDC Venture Capital, Canrock, Hyperdrive, the founders, and a number of private investors. Funding proceeds will be used to fuel technology development, as well as sales and marketing, with a focus on launching the product in restaurants across North America, according to the company. Tacit Innovations is a graduate of the latest cohort of Communitech Hyperdrive, a Waterloo-based startup accelerator and investor.
Canadian VCs invest $1.3 mln in LoginRadiusSocial login and sharing provider LoginRadius has received $1.3 million in financing. The investors include Accelerate Fund, an angel co-investment fund managed by Canadian venture capital firm AVAC, Yaletown Venture Partners, Real Ventures, BDC Venture Capital, and a number of angel investors. Proceeds of the deal will be used to facilitate the company's growth and product innovation, which is aimed at transforming the way users connect to the web and mobile applications, LoginRadius said. A recent graduate of startup accelerator FounderFuel, the Edmonton, Alberta-based company said it is currently powering social login and sharing on 100,000 websites in 180 countries with a monthly reach of 15 million users.
Axine Water Technologies snags $5.6 mln from BDC, Chrysalix and Roda GroupAxine Water Technologies Inc said Wednesday that it has raised $5.6 million in a Series A financing round. The investors included U.S. venture capital firm The Roda Group, and Canadian firms Chrysalix Energy Venture Capital and BDC Venture Capital, which are existing investors. Based in Vancouver, British Columbia, Axine Water Technologies is a developer of chemical-free solutions that treat pollutants in industrial wastewater. Update: Funding proceeds will be used to ensure Axine's continued progress towards commercialization of its wastewater treatment technology platform. The company has been venture-backed since 2012.
BDC recognized as top Canadian workplaceThe Business Development Bank of Canada (BDC) has been recognized by Mediacorp Canada Inc as one of Canada's best diversity employers and one of Montréal's top employers. The firm was selected from a group of over 3,250 companies that participated in this year's application process. The Montréal-based BDC offers financing, subordinate financing, venture capital, securitization and consulting services to more than 28,000 small and medium-sized companies.
BDC, NGEN Partners among VCs backing REGEN Energy's $7 mln Series B fundingWireless energy management company REGEN Energy Inc has secured US$7 million in a Series B financing round. The round was led by a unidentified global energy company and included participation from existing Canadian investor BDC Venture Capital Energy/Cleantech Fund and U.S. investor NGEN Partners. The new funds will allow the Toronto-based REGEN to increase sales, marketing and support infrastructure, to continue to advance Swarm Energy Management™, the company's wireless smart grid technology platform, and to enhance its product line. Founded in 2005, REGEN also has an office in Newport Beach, California. The company received its seed financing from MaRS Investment Accelerator Fund.