Private Equity
Vemba Corp has secured $5 million in a Series A financing. The round was led by U.S. venture capital firms Upfront Ventures and BDMI, with participation from the John S. and James L. Knight Foundation. Based in Toronto, Vemba has developed a technology platform that facilitates the distribution, discovery and monetization of video content for publishers and producers. It plans to use funds raised to enhance its offering, with planned product roll-outs of additional social platforms, OTT technology and streaming video. It also plans to expand its Canadian and U.S. offices. Vemba is also backed by Canadian venture capital firm iGan Partners.
3 min read · 28 June 2016
SpringCM Inc, a U.S. sales contract management solutions provider, has raised US$17.5 million in follow-on funding. The round was backed by existing investors, including Foundation Capital, North Bridge Venture Partners, Bluestem Capital and Square 1 Financial, as well as new investors, including Wellington Financial, a Canadian specialty finance firm. Chicago-based SpringCM has developed a software platform that streamlines contract processes for sales and legal teams to increase revenue, reduce costs and improve efficiency. It plans to use the funds raised to support a next phase of growth.
4 min read · 27 June 2016
Alarm.com Holdings Inc (Nasdaq: ALRM) has agreed to acquire Piper, an Ottawa-based designer and producer of a Wi-Fi-enabled video and home automation hub. The buyer will pay about US$140 million for Piper and another business unit from Icontrol Networks Inc. Alarm.com, a U.S. connected home and business platform, said the deal will contribute to revenue growth and enhance research and development scale. Redwood, California-based Icontrol, a connected homes solutions provider, has raised about US$95 million from Comcast Ventures, Intel Capital, Kleiner Perkins Caufield & Byers and other investors, according to Thomson Reuters.
5 min read · 23 June 2016
Alarm.com Holdings Inc (Nasdaq: ALRM) has agreed to acquire Piper, an Ottawa-based designer and producer of a Wi-Fi-enabled video and home automation hub. The buyer will pay about US$140 million for Piper and another business unit from Icontrol Networks Inc. Alarm.com, a U.S. connected home and business platform, said the deal will contribute to revenue growth and enhance research and development scale. Redwood, California-based Icontrol, a connected homes solutions provider, has raised about US$95 million from Comcast Ventures, Intel Capital, Kleiner Perkins Caufield & Byers and other investors, according to Thomson Reuters.
5 min read · 23 June 2016
Ionodes has secured about $1.5 million in funding from Anges Québec, Anges Québec Capital Fund and Desjardins-Innovatech. Based in Laval, Québec, Ionodes specializes in the development of IP video compression, transmission, and decoding technology, as well as video content management appliances and software platforms. The funds raised will support the company's growth, its ability to enter new global markets, and research and development activity targeted to the video surveillance sector. Founded in 2007, Ionodes is led by President Éric Tasso.
4 min read · 22 June 2016
Ionodes has secured about $1.5 million in funding from Anges Québec, Anges Québec Capital Fund and Desjardins-Innovatech. Based in Laval, Québec, Ionodes specializes in the development of IP video compression, transmission, and decoding technology, as well as video content management appliances and software platforms. The funds raised will support the company's growth, its ability to enter new global markets, and research and development activity targeted to the video surveillance sector. Founded in 2007, Ionodes is led by President Éric Tasso.
4 min read · 22 June 2016
Caisse de dépôt et placement du Québec (CDPQ) has signed up six new pension plans to its institutional depositors, which now total 40. The pension plans, which oversee the retirement assets of public employees in Québec City, total approximately $2 billion. CDPQ, a Montréal-based pension fund manager, held $248 billion in net assets as of December 31, 2015.
2 min read · 22 June 2016
Resson has secured about $14 million (US$11 million) in a Series B financing. Monsanto Growth Ventures, the venture capital arm of U.S. agriculture multinational Monsanto, led the round. It was joined by existing Canadian investors Build Ventures, Rho Canada Ventures, New Brunswick Innovation Foundation, BDC Capital and East Valley Ventures. Fredericton-based Resson is a developer of technology that uses cloud-based predictive analytics together with drones and swarm robotics to help improve agricultural productivity. It is currently expanding product development and sales and marketing activity, hiring technical staff, and opening an office in San Jose, California.
3 min read · 22 June 2016
Resson has secured about $14 million (US$11 million) in a Series B financing. Monsanto Growth Ventures, the venture capital arm of U.S. agriculture multinational Monsanto, led the round. It was joined by existing Canadian investors Build Ventures, Rho Canada Ventures, New Brunswick Innovation Foundation, BDC Capital and East Valley Ventures. Fredericton-based Resson is a developer of technology that uses cloud-based predictive analytics together with drones and swarm robotics to help improve agricultural productivity. It is currently expanding product development and sales and marketing activity, hiring technical staff, and opening an office in San Jose, California.
3 min read · 22 June 2016
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has provided $600,000 in funding to GreenMantra Technologies, a Canadian maker of specialty chemicals, such as waxes, greases and lubricants, from recycled plastics. FedDev said the Brantford, Ontario-based company raised an additional $1.2 million from angel investors led by Arctern Ventures and Cycle Capital. The investment follows GreenMantra's raise of $5.5 million earlier this month. FedDev Ontario said its repayable contribution will primarily support market development for the company's Ceranovus A-Series waxes.
3 min read · 21 June 2016
