Private Equity
Fabric, which was formerly known as CommonSense Robotics, said Oct. 23 that it raised $110 million in a Series B round led by Corner Ventures. Participating in the round were from Aleph, Canada Pension Plan Investment Board (CPPIB), Innovation Endeavors, La Maison, Playground Ventures and Temasek. Fabric, of New York, provides a logistics platform for retailers.
4 min read · 23 October 2019
Benevity Inc, a Calgary-based provider of corporate social responsibility and employee engagement software, has raised US$40 million in Series C funding. The investors were General Atlantic and JMI Equity. The capital infusion will be used to support Benevity's platform and service.
1 min read · 22 October 2019
Edmonton-based Metabolomic Technologies Inc, a developer of metabolomics-based in-vitro diagnostics, has raised $4.2 million in Series A funding. The investors were not named.
1 min read · 22 October 2019
Luge Capital has raised additional resources for its debut early-stage financial technology venture capital fund, bringing it to a total size of $85 million. The new commitments came from iA Financial Group and BDC Capital, which join existing Luge investors Caisse de dépôt et placement du Québec, Desjardins Group, Sun Life Financial, Fonds de solidarité FTQ and La Capitale. Montréal- and Toronto-based Luge was founded last year by General Partners David Nault and Karim Gillani. It has to date led or co-led investments in Finaeo, Flare Systems, Flinks and Owl.co.
3 min read · 22 October 2019
Microsoft has acquired Mover, an Edmonton, Alberta-based provider of cloud file migration, according to a Microsoft announcement. No financial terms were disclosed. Mover was backed by Yaletown Partners.
1 min read · 21 October 2019
MediaLab has agreed to acquire Kik Messenger, the app of Waterloo-based Kik Interactive, according to an announcement made by MediaLab. No financial terms were disclosed. Kik's backers include Foundation Capital, Millennium Technology Value Partners, RRE Ventures, Spark Capital, SV Angel, Tencent, Union Square Ventures and Valiant Capital Partners.
1 min read · 21 October 2019
La Caisse de dépôt et placement du Québec said it will commit additional $50 million to Québec seed funds. Montréal-based venture capital firm Teralys Capital will manage the new commitment. Over the last five years, CDPQ has backed a number of Québec venture capital funds, which include seed funds such as Anges Québec Capital, InnovExport and Real Ventures.
3 min read · 18 October 2019
NERv Technology, a medtech venture co-founded by a number of University of Waterloo alumni, has secured $1 million in pre-seed funding. The investors included Sunhope Capital VC. The capital infusion will be used to cover the costs associated with preclinical studies and further develop NERv's flagship post-operative sensory platform product.
3 min read · 17 October 2019
Flare Systems, a Montréal-based dark-net intelligence platform focused on helping financial institutions prevent cyber-crimes, has raised $1 million in a seed-stage financing. The round was led by Luge Capital, a Canadian fintech venture capital firm. Also participating was White Star Capital. Founded in 2017, Flare Systems will use the round's proceeds to expand its roll-out in Canada and the United States, and further develop its suite of products. Luge last year raised an initial $75 million for its inaugural fund.
4 min read · 17 October 2019
Enerkem, a Montréal-based producer of biofuels and renewable chemicals from waste, has raised $50 million in funding. The investor was Calgary-based energy company Suncor. This past April, Suncor participated in a $76.3 million financing round. As a result of this new investment, Suncor has become a "significant" Enerkem shareholder. Enerkem's other backers include Braemar Energy Ventures, Cycle Capital, Fondaction, Fonds de solidarité FTQ, Investissement Québec, National Bank of Canada, Rho Ventures, Sunkem, Waste Management of Canada and Westly Group.
3 min read · 16 October 2019
