The Business Development Bank of Canada related stories
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- SeaWell Networks Inks $5M
Toronto-based SeaWell Networks Inc., a maker of multi-platform video delivery software for network operators, has raised $5 million in Series B financing. Northwater Intellectual Property Fund LP 2 led the round, with participation by BDC Venture Capital. The money will be used to support ongoing trials with customers, and to expand sales and distribution, the company said.
- iNovia Capital Raises $110M Third Fund
iNovia Capital has raised $110 million for its third fund, iNovia Investment Fund III L.P. The firm said investors in the fund include Teralys Capital, BDC Venture Capital, AVAC Ltd., Alberta Enterprise and the BC Renaissance Capital Fund. iNovia focuses on investments in information technology companies in North America.
- Beyond the Rack Racks up $36M Equity Round
Canadian e-tailer Beyond the Rack reeled in $36 million in VC bucks from investors Panorama Capital, the California VC that read the round, and other investors Export Development Canada, Tandem Expansion Fund, Rho Canada, Inovia Capital, Highland Capital Partners and BDC Capital. Shahan Soghikian, a MD with Panorama Capital, will join Beyond the Rack’s board.
- REGEN Energy Adds $5.5M from NGEN, BDC
REGEN Energy Inc. has closed on $5.5 million in equity financing from from cleantech investors NGEN Partners and BDC Venture Capital. As a result, Robb McLarty of NGEN and Larry Lam of BDC join the company’s board. The company is developing wireless demand management and demand response products to help commercial and industrial facilities control their HVAC systems.
- Circle Cardiovascular Pumps Out $3.9M in Financing
Calgary-based Circle Cardiovascular Imaging Inc. has raised $3.9 million in a round led by the Business Development Bank of Canada. Foundation Equity, First Yellowhead Equities and undisclosed independent investors also contributed to the round. The infusion will help Circle Cardiovascular commercialize its software suite, designed for diagnosing a wide range of cardiovascular diseases.
- Monteris Medical Closes $8.6M Round
Winnipeg-based Monteris Medical Inc. has closed on an $8.6 million financing round led by the Business Development Bank of Canada. BDC made the investment in partnership with US-based Southwest Michigan First, and undisclosed individual investors, the company said Thursday. The money will help Monteris to commercialize its technology for the treatment of brain tumors.