Private Equity
CI Financial Corp is making an investment in Toronto-based fintech firm d1g1t Inc. No financial terms were disclosed. The capital will be used for product innovation and commercial expansion. Last year, d1g1t secured Series A funding from Purpose Financial, which is backed by OMERS Platform Investments.
3 min read · 30 October 2019
League Inc, an enterprise health operating system, has secured an undisclosed amount of funding. The investors include Workday Ventures. League has offices in Toronto and Chicago.
1 min read · 29 October 2019
Scopely, a mobile game firm, has raised US$200 million in Series D financing. NewView Capital led the round with participation from other investors that include Canada Pension Plan Investment Board, Baillie Gifford, Greycroft Partners, Revolution Growth and Sands Capital Ventures. The capital infusion will be used to accelerate Scopely's M&A and investment strategy.
1 min read · 29 October 2019
Canada Jetlines Ltd, a Vancouver-based ultra-low-cost carrier airline, is postponing its planned December launch after failing to secure financing from its investment partners SmartLynx and InHarv Partners, a South Korean venture capital and private equity firm. SmartLynx had originally committed $40 million in financing to Jetlines while InHarv had previously agreed to provide up to $14 million in financing. A relaunch date will not be announced until funding is secured. Also, as a result of the launch postponement, Jetlines is laying off most of its employees except for a core team led by the executive chairman who will continue to try to secure financing.
4 min read · 29 October 2019
Ottawa, Canada-based Cord3 Innovation Inc, a data-centric cybersecurity company, has $2 million in funding. The investor was BDC Capital's growth and transition capital unit. The capital will be used to enable Cord3 to scale its solutions.
3 min read · 29 October 2019
Shipwell, a connected shipping platform, has raised $35 million in Series B funding, according to an announcement on its site. Georgian Partners led the round.
1 min read · 28 October 2019
Montreal-based Sofdesk Inc, a solar and roofing business accelerator, has raised $5.7 million in funding. Generac Holdings Inc led the round with participation from EnerTech, BDC Capital and Desjardins Capital. The capital infusion will be used by Sofdesk for product expansion and to scale its portfolio.
1 min read · 25 October 2019
Total Expert, a marketing and customer engagement technology platform for banks, lenders and financial services, has raised $52 million in Series C funding. Georgian Partners led the round with participation from Emergence and Rally Ventures.
1 min read · 24 October 2019
Cove Kombucha, a Canadian kombucha company, has secured $1.2 million in seed funding. Canaccord Genuity Wealth Management, a Vancouver-based investment bank, led the round. The capital infusion will be used by Cove to launch its CBD kombucha.
1 min read · 24 October 2019
LabGenius, a UK-based provider of an AI-driven drug discovery platform, has raised over $10 million in Series A financing. Lux Capital and Obvious Ventures led the round with participation from other investors that included Felicis Ventures, Inovia Capital, Gigafund and Air Street Capital.
1 min read · 23 October 2019
