Private Equity
Impact8, an accelerator focused on social impact ventures, has completed its first program with start-up demos at the Toronto Stock Exchange. The inaugural cohort consists of: Detailing Knights, a mobile car-detailing service that reduces waste water; GrantBook, a source of solutions to advance grants management; LB Designs, a specialist in refining clothing manufacturing in Haiti; Learning Bird, a provider of affordable online learning experiences; The Lucky Iron Fish, a health innovator focused on iron deficiency anemia; RainGrid Network, a provider of infrastructure to protect cities against storm flooding; Sumac, an organization that offers support for food businesses, and Sunfarmer, a supplier of solar energy services to rural communities. Impact8 is sponsored by Toronto-based innovation hub MaRS Discovery District.
4 min read · 05 December 2013
The Ontario Securities Commission (OSC) announced that it intends to publish in the first quarter of 2014 new capital raising prospectus exemptions for a 90-day public comment period. Among these is a crowd-funding exemption, together with a registration framework for online funding portals. The OSC said it "has a responsibility to consider whether our regulatory framework supports efficient capital formation and contributes to Ontario’s economic growth." Provincial regulators have already granted a two-year approval to the operation of impacting investing portal SVX, sponsored by MaRS Discovery District, which was launched in September.
3 min read · 05 December 2013
Recruiting platform gathers comments from employees with information on salaries and interviews
2 min read · 05 December 2013
Comes over from Battery Ventures, which he joined in 2004
1 min read · 05 December 2013
Persistent Systems has launched an early-stage venture fund. No financial terms were disclosed. According to the company, the fund's focus will be on "supporting innovation in social, mobile, analytics and cloud computing technologies." The fund has made an undisclosed investment in Ustyme, an iPad video-call app. Persistent is a global provider of software products and technology services.
3 min read · 04 December 2013
According to Xconomy, Biomark Capital has spun off from Burill Capital Fund IV. The new venture firm has offices in Greenwich, Conn., Moscow and San Francisco. The site reported that Biomark Capital will continue to run Burrill Capital fourth fund's existing portfolio and is seeking to raise additional financing by the end of the year. Biomark investment team is made up of David Wetherell, Douglas Lind, Bryant Fong, Joshua Zelig, Sergey Axenovich, and Janos Redei as an entrepreneur-in-residence. Burrill Capital's fourth fund has raised $200 million.
1 min read · 04 December 2013
The Wall Street Journal reported on Wednesday that Hoxton Ventures has raised $40 million for a new fund aimed at early-stage companies in Europe. Based in London, Hoxton Ventures is an early-stage VC firm.
1 min read · 04 December 2013
The senior equity investment officer helped guide the treasury into private equity investments.
1 min read · 04 December 2013
GrowthWorks Canadian Fund has received a letter from legal counsel to GrowthWorks WV Management Ltd, the former manager of the retail venture capital fund, concerning the termination of the management agreement, which was announced in September. The fund's former manager asserts that the termination was without cause, and that it is entitled to damages. GrowthWorks Canadian Fund was recently provided legal authorization to pursue a sale and investor solicitation process.
3 min read · 03 December 2013
Apple’s latest deal is a Twitter partner that analyzes its data for insight into views on a range of topics
3 min read · 03 December 2013
