Private Equity
UK-based Hummingbird Technologies, an agricultural tech company, has raised an undisclosed amount of Series B funding. The investors include BASF Venture Capital, Canada’s TELUS Ventures, Saudi Agricultural and Livestock Investment Company and Downing Ventures.
4 min read · 15 October 2019
TIMIA has agreed to invest US$3 million in an unidentified Connecticut-based software company. The financing includes an initial disbursement of US$1,400,000 and a further US$1,600,000 to be disbursed upon certain milestones being met over the term of the agreement. Based in Vancouver, British Columbia, TIMIA is a specialty finance company.
2 min read · 15 October 2019
Québec-based Voilà!, an employee-centric platform that simplifies scheduling and workforce optimization, has raised nearly $3 million in funding. The investors include Investissement Québec, Panache Ventures and Telegraph Hill Capital. The capital infusion will be used for personnel hiring, growth and to add business intelligence components.
2 min read · 10 October 2019
The Sacramento Municipal Utility District (SMUD) is looking to raise a venture capital fund to back startups developing mobility technology, according to a report by the Sacramento Business Journal. The fund is targeting US$100 million, the report said, mostly from corporate investors, such as automotive and technology companies. EnerTech Capital, a Toronto-based energy technology venture capital firm, will manage the fund.
1 min read · 09 October 2019
3 min read · 09 October 2019
Voyager Capital, a Seattle, Washington-based venture capital firm, has raised US$100 million for its fifth fund. The fund, which will make first-round investments in B2B startups in cloud infrastructure, software-as-a-service and other verticals, plans to focus in part on opportunities in Western Canada. The fund's investors include BC Tech Fund, managed by Kensington Capital Partners, according to a report by Business in Vancouver.
3 min read · 09 October 2019
MaRS Catalyst Fund, a Toronto-based early-stage impact fund created in collaboration with MaRS Discovery District, has rebranded as Amplify Capital and launched a new fund. The fund has a target size of $30 million and is seeking an initial close by early 2020. MaRS Catalyst Fund was launched in 2016 with the backing of Virgin Unite, as well as other investors, including Chawkers Foundation, Fondaction, J. W. McConnell Family Foundation and Lino et Mirella Saputo Foundation. It made nine investments in Ontario and Québec.
4 min read · 08 October 2019
BMO has invested $5 million in a University of Toronto lab that combines artificial intelligence and the humanities. Called the BMO Lab for Creative Research in the Arts, Performance, Emerging Technologies and AI, the lab will be housed within the University of Toronto’s Centre for Drama, Theatre, and Performance Studies. BMO is a financial services provider.
1 min read · 07 October 2019
Ostara Nutrient Recovery Technologies Inc, a Vancouver-based provider of nutrient management solutions, has raised up to US$16.5 million in funding. Wheatsheaf Group Limited and VantagePoint Capital Partners were the lead investors.
3 min read · 07 October 2019
Relogix, an Ottawa-based workspace analytics platform and Internet-of-Things (IoT) sensor technology company, has closed its Series A financing, raising $4 million. The investors included BDC Capital’s Industrial, Clean and Energy Technology Venture Fund, Mistral Venture Partners and GroundBreak Ventures. Founded in 2010 by CEO Andrew Millar, Relogix provides its solutions to corporate real estate organizations.
2 min read · 03 October 2019
