Private Equity
The Fonds de solidarité FTQ, a Canadian private equity and venture capital firm, recently completed its annual general meeting at which the majority of the members of its board of directors were elected for the first time. Lyne Bouchard, Gérard Coulombe and Jean-Claude Scraire have joined the board as independent members, without any affiliation with the Fonds or its labour sponsors. Fonds Chairman Robert Parizeau said the event was the "last big step" in the implementation of the Fonds' new governance. The Montréal-based firm, which manages net assets of $11.1 billion, has 610,605 shareholders.
4 min read · 29 September 2015
Qualcomm Inc will be launching a fund that will invest up to $150 million in India startups. Qualcomm Ventures will advise and direct Qualcomm on all these investments.
3 min read · 29 September 2015
Accelerator Corp has closed its oversubscribed fourth fund at $62.8 million. The limited partners of Accelerator IV include AbbVie, WuXi PharmaTech, Watson Fund, Alexandria Venture Investments, ARCH Venture Partners, Eli Lilly and Company, Johnson & Johnson Innovation – JJDC Inc, Pfizer Venture Investments and WRF Capital. The pool will focus on early-stage life science investments. In addition to the fund, Accelerator has named Dr. James P. Sullivan, Dr. Tadataka Yamada and Peter Cheney to its board of directors.
6 min read · 29 September 2015
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
