Canada

Canadian startups collect a record-breaking C$2.4 bln in Q3

Q3 saw a 79% increase in capital flow compared to Q2.

Pelvic health startup EBT Medical nets Series A

Toronto-based EBT Medical, a pelvic health startup, has secured US$10 million in Series A funding. SV Health Investors and Genesys Capital led the round. The capital will be used for expansion, product development and general administrative purposes.

Silofit pulls in seed funding

Montreal-based Silofit, a network of private fitness spaces, has secured C$1 million in seed funding. Whitecap Venture Partners and Courtside Ventures led the round with participation from NFL player Ndamukong Suh. The capital will be used for expansion, personnel hiring and adding new facilities to its portfolio.

BDC Capital invests in Lube City

BDC Capital's growth equity group has invested in a family ownership change for Edmonton, Alberta-based Lube City Corp, a provider of quick service oil changes. No financial terms were disclosed.

Phoenix Molecular secures seed funding

Vancouver, British Columbia and San Diego-based Phoenix Molecular, a developer of precise cancer therapeutics targeting essential kinases, has raised US$12 million in seed funding. The investors included Pallasite Ventures and World Changing Ventures.

Fan engagement platform Trufan buys SocialRank, also secures venture debt

Toronto-based Trufan, a fan engagement platform, has acquired SocialRank, a audience segmentation platform. Also, Trufan has raised US$400,000 in venture debt from previous backer Round13 Capital, a Toronto-based venture firm.

Mobile games party app Bunch attracts funding

New York City and Toronto-based Bunch, a party app for mobile games, has secured US$3.85 million in funding. The capital infusion will be used to to accelerate product development and expand partnerships and integrations. Bunch is backed by LVP, Tencent, Supercell, Riot, Miniclip, Founders Fund, Betaworks and North Zone.

RBC and Highline BETA to co-create startups

GEM backs Western Magnesium

Western Magnesium Corporation has secured C$210 million (US$150 million) in funding from New York-based GEM Global Yield LLC SCS. The capital will be used to accelerate Western Magnesium’s development of a commercial reactor and the acquisition of plant and equipment key to production. Based in Vancouver, British Columbia and Las Vegas, Western Magnesium is a producer of green, primary magnesium metal.

Viisights picks up Series A

Tel Aviv-based Viisights, a developer of behavioral understanding systems for real-time video intelligence, has secured US$10 million in Series A funding. Canadian venture firm Awz Ventures led the round with participation from other investors that included Firstime Ventures. The capital will be used for sales expansion, establishing a global presence, product enhancements and new product developments.