Private Equity
Toronto-based MindBeacon Group, a provider of a digital mental health platform and and owner of CBT Associates, a Canadian psychology clinic network, has raised over $18 million as part of a Series A follow-on investment round. The lead investor was Green Shield Canada. Other investors that participated in the round included Manulife, TELUS Ventures and leading Canadian family offices.
1 min read · 05 November 2019
Los Altos, California-based RedMarlin, a fraud prevention company, has secured $10 million in Series A funding. Thomvest Ventures and Crosslink Capital led the round.
1 min read · 05 November 2019
Mylo, a Montréal-based automated savings and investment app, has secured $10 million in financing, bringing its total funding to $14 million. The latest round was led by NAventures, the venture capital arm of National Bank of Canada. It was joined by existing investors Desjardins Capital, Ferst Capital Partners and Tactico. Launched in 2015 by CEO Philip Barrar, Mylo will use the proceeds for product innovation, new hires, continued growth in Canada, and expansion internationally.
4 min read · 05 November 2019
Conexus Credit Union has closed its inaugural venture fund at $30 million. The limited partners of Conexus Venture Capital Fund include credit unions, individual business leaders and a Saskatchewan-based retail venture fund with approximately 28,000 Saskatchewan-based shareholders. The fund will invest in Saskatchewan-based technology startups.
4 min read · 05 November 2019
Vancouver, British Columbia-based CTO.ai, a platform for rapidly scaling DevOps teams, has secured US$7.5 million in seed funding. The investors were Tiger Global, Slack Fund, Yaletown Partners, Pallasite Ventures, Panache Ventures and Jonathan Bixby. The capital infusion will be used for product development and personnel hiring. CTO was founded in 2017 by Kyle Campbell.
1 min read · 04 November 2019
District Ventures has assumed the ownership and operator of Food Startup, a Toronto-based food startup incubator and accelerator. No financial terms were disclosed. Food Startup has been renamed District Ventures Kitchen. District Ventures is a a startup incubator and accelerator of Canadian consumer venture firm District Venture Capital.
3 min read · 04 November 2019
Montreal-based RenoRun, a technology-enabled construction material delivery service company, has secured C$22.5 million in Series A funding. Inovia Capital and Obvious Ventures led the round with participation from ScaleUp Ventures, Real Ventures, Maple VC and Silicon Valley Bank. The capital infusion will be used to scale RenoRun's business in each of the cities that the company operates as well as for personnel hiring.
1 min read · 04 November 2019
Montreal-based TandemLaunch has closed its third fund at about $30 million. TLVIII will back 20 new Canadian tech startups. The fund's investors include Fonds de solidarité, BDC Capital Harbor Street Ventures and the Venture Capital Catalyst Initiative. TandemLaunch is a start-up foundry and seed fund focused on creating, incubating and accelerating early-stage technology startups.
3 min read · 04 November 2019
Crunchbase, a provider of private-company prospecting and research solutions, has secured US$30 million in Series C funding. OMERS Ventures led the round with participation from Emergence, Mayfield, Cowboy Ventures and Verizon. In addition to the funding, Michael Yang, managing partner at OMERS Ventures, will join Crunchbase's board of directors. This round brings Crunchbase's total funding to US$56.5 million. OMERS Ventures is the venture capital investment arm of OMERS, a Canadian pension fund.
1 min read · 31 October 2019
Galvanize named Pascal Van Dooren as chief revenue officer.
3 min read · 31 October 2019
