Private Equity
D+H Corp (TSX: DH), a Canadian financial technology business, has agreed to become a premier sponsor of the C100, a Silicon Valley-based nonprofit association established to support Canadian entrepreneurs and startups. D+H said the sponsorship is part of its strategy to nurture the innovation ecosystem through strategic partnerships with organizations in Silicon Valley and the Toronto-Waterloo area. Earlier this month, the C100 convened Venture North in Toronto, its first event in Canada.
3 min read · 28 September 2015
Vancouver-based GreenAngel Energy Corp has changed its name to TIMIA Capital Corp (TSX-V: TCA). The rebranded firm will now focus on revenue financing, providing non-dilutive funding to technology companies in exchange for a royalty on revenue. Mike Walkinshaw, who was earlier this year appointed CEO of TIMIA, said the new investment model suits software companies that generate recurring revenue with high gross margins. TIMIA will also continue to manage the firm's existing clean technology investments.
3 min read · 24 September 2015
CIX Cleantech, an event hosted by the Canadian Innovation Exchange (CIX) and MaRS Cleantech, has announced its list of the 10 "most game-changing" Canadian clean technology companies. The companies, which are based in Ontario, Québec, Alberta and British Columbia, will present at the inaugural CIX Cleantech conference at MaRS Discovery District in Toronto on October 15. The 10 companies are: CoPower; Hydrostor; Morgan Solar; Nanoleaf; Neurio Technology; Nexterra Systems; Nsolv; Opus One Solutions; Questor Technology; and SWITCH Materials.
3 min read · 24 September 2015
Fundraising by U.S.-based venture firms drops to its lowest monthly figure since September 2014
2 min read · 23 September 2015
Harvard endowment’s chief executive officer sounded the alarm on high valuations in private equity and venture, even while reporting the private asset classes helped drive the endowment’s overall return.
2 min read · 23 September 2015
Ignite Farm is seeking to raise $50 million for its second fund, according to an SEC filing. Based in Walnut Creek, California, Ignite Farm is an incubation, investment and growth engine for emerging brands, ideas and entrepreneurs.
1 min read · 23 September 2015
Angel Capital Group has launched a Phoenix, Arizona-based micro venture fund. The pool will focus on investing between $1 million and $5 million in local, regional and national science and tech startups. Black Dog Promotions CEO Scott Kelly will serve as the fund's general manager.
2 min read · 23 September 2015
Shopify Inc (NYSE: SHOP) (TSX: SH), an e-commerce and retail software provider, has been named CIX 2015 Innovator of the Year by the Canadian Innovation Exchange (CIX). The award, which is given annually, recognizes a Canadian company that has disrupted or transformed an industry. Harry Finkelstein, chief platform officer of Shopify, will accept the award at CIX 2015 in Toronto on November 17, and will be the event's keynote speaker. Ottawa-based Shopify raised about US$150.5 million from its initial public offering on New York and Toronto stock exchanges in May. It was previously venture-backed.
3 min read · 22 September 2015
Canadian clean-tech venture capital firm Chrysalix Energy Venture Capital has partnered with Hong Kong Science and Technology Parks Corp (HKSTP), which runs the Hong Kong Science Park Venture Capital Partnership Program, a technology incubator. Chrysalix joins other venture firms working with HKSTP to connect startups in China with funding sources. Vancouver-based Chrysalix said the aim of the collaboration is to "create a valuable Asia-Pacific innovation gateway." Earlier this year, peHUB Canada interviewed Chrysalix Co-Founder and CEO Wal van Lierop about the impending first close of Chrysalix Energy LP IV.
4 min read · 21 September 2015
San Francisco-based firm seeks cloud business apps; 500 closes one fund and plans another; and other fundraising briefs worldwide
10 min read · 21 September 2015
