The Business Development Bank of Canada related stories
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Milestone Pharma Inks $13MMilestone Pharmaceuticals Inc., a Montreal-based cardiovascular drug development company, has raised $13 million in fresh capital. Pappas Ventures, the Business Development Bank of Canada and GO Capital co-led the round. Fonds de solidarité FTQ, iNovia Healthcare Ventures and Fonds Bio-Innovation also participated. The money will be used for continued development. As a result of the round, Eric Linsley, managing partner of Pappas Ventures; Scott Weiner, senior principal at Pappas Ventures; and Dominic Jaikaran, principal at BDC Health Venture Fund, will join Milestone's board.
- Fund Briefs, June 2011
Fundraising news briefs about DFJ, Meritech, Matrix and more
- BDC Puts $2.5M into Nexterra
The Business Development Bank of Canada has put $2.5 million into Nexterra Systems Corp., a biomass gasification company. In addition to a recent $15 million infusion from Tandem Expansion Fund and ARC Financial, Nexterra has secured a total of $17.5 million this year. Nexterra is based in Vancouver.
- Investors Launch Vancouver-based "Start-up Boot Camp"
Venture investors iNovia Capital, the Business Development Bank of Canada and BlackBerry Partners Fund have teamed up to launch a Vancouver-based accelerator program called GrowLab, the firms announced Thursday. Dubbed a “start-up boot camp” for entrepreneurs, participating companies can seal up to $25,000 in seed financing, four months of mentorship, free office space and the opportunity to pitch investors at the end of the program for follow-on funding.
- Whatsnexx Raises $2.4M in VC
Montreal-based marketing automation software developer Whatsnexx has raised $2.4 million in financing from GO Capital LP and the Business Development Bank of Canada's venture capital arm, among other investors. GO Capital focuses on Quebec seed-stage technology firms in the fields of cleantech, information technologies and life sciences.
- General Fusion Rounds up Nearly $20M in Series B
General Fusion is having a happy Cinco de Mayo. The utility-scale fusion power company reeled in $19.5 million in a Series B round that included investors Cenovus Energy, through its Environmental Opportunity Fund, Bezos Expeditions, the personal investment company of Jeff Bezos, Chrysalix Energy Venture Capital, GrowthWorks, Braemar Energy Ventures, Entrepreneurs Fund, Business Development Bank of Canada (BDC), and SET Venture Partners.
- Newtopia Gets Seed Funding From BDC Venture Capital
Newtopia Inc. received seed funding from the Business Development Bank of Canada, which made the investment through its Venture Capital division. The financing was completed in partnership with a group of Canadian angel investors, including Newtopia Chairman and Co-founder Dennis Bennie. Newpotia is a personalized health coaching company.
- Syncapse Inks $25M from ABS Capital
Toronto-based social-media company Syncapse Corp. has closed on $20 million of a $25 million investment from growth equity firm ABS Capital Partners. The round marks the first institutional funding for Syncapse, which develops cloud-based software and services to help enterprises build, manage and measure their social media presence. The company raised $2 million last year from the Business Development Bank of Canada.
- BLiNQ Nets $7.4M Series A
BLiNQ Networks has secured $7.4 million in funding from New Venture Partners, Summerhill Venture Partners and the Business Development Bank of Canada. The company will welcome New Venture Partners' Dan Deeney and Summerhill's Joe Catalfamo onto its board of directors as part of the deal.
- Neuralitic Systems Seals $8M Series B
Mobile data intelligence company Neuralitic Systems has raised $8 million in Series B financing. New investor Export Development Canada led the round, which included participation from existing investors BlackBerry Partners Fund, BDC Venture Capital, Vertex Venture Capital and GO Capital LP. The money will help Neuralitic Systems expand its operations and development. The company, based in Montreal, has raised a total of $20 million to date.