Private Equity
Canadian cinematic virtual reality (VR) producer Félix & Paul Studios has secured about $8.7 million (US$6.8 million) in a Series A financing. Comcast Ventures, an affiliate of U.S. media business Comcast Corp, led the round. It was joined by Caisse de dépôt et placement du Québec, LDV Partners and Phi Group. With the deal, Comcast Ventures' Michael Yang will join the company's board. Founded in 2013, Montréal-based Félix & Paul has developed a platform for live-action VR filming and post-production. It will use the funds raised to grow its team and production capacity, enhance its VR cameras and software suite, and expand its presence in global markets.
5 min read · 15 June 2016
Ecotierra Inc, a Canadian sustainable agro-forestry project specialist, has received $700,000 in funding. The round's investors included members of angel network Anges Québec, as well as Fonds FilAction and Desjardins Capital de risque. Founded in 2011, Ecotierra develops agricultural and forestry projects aimed at generating high-quality carbon credits and bringing socio-economic and environmental benefits to local communities. It has its headquarters in Sherbrooke, Québec, and offices in Peru, Colombia and the Ivory Coast.
3 min read · 14 June 2016
Canadian health insurance startup League Inc has raised US$25 million in early-stage funding from backers including the country's biggest bank, Reuters reported. League's Co-Founder and CEO Mike Serbinis, who also ran e-book company Kobo before it was sold to Rakuten Inc for US$315 million in 2011, told Reuters the company plans to launch its own insurance products in the next few months as it expands across Canada and in selected U.S. Pacific coast states. Serbinis said the initial focus will be on small businesses, many of which do not currently offer health benefits to employees.
2 min read · 14 June 2016
Canadian health insurance startup League Inc has raised US$25 million in early-stage funding from backers including the country's biggest bank, Reuters reported. League's Co-Founder and CEO Mike Serbinis, who also ran e-book company Kobo before it was sold to Rakuten Inc for US$315 million in 2011, told Reuters the company plans to launch its own insurance products in the next few months as it expands across Canada and in selected U.S. Pacific coast states. Serbinis said the initial focus will be on small businesses, many of which do not currently offer health benefits to employees.
2 min read · 14 June 2016
Innovative Imaging Technologies Inc (ITT), creator of video-collaboration platform Reacts, has secured $4 million in funding. The 10 investors in the round included Desjardins-Innovatech, Claridge Inc, Investissements W3, Fonds de solidarité FTQ and Hacking Health Accelerator. Launched in 2014 by Dr. Yanick Beaulieu, ITT designed Reacts to support remote communications, education and supervision in the healthcare industry. The Montréal-based company plans to use the funds raised to accelerate commercialization of its technology and tap into new markets in Canada and abroad.
3 min read · 14 June 2016
Innovative Imaging Technologies Inc (ITT), creator of video-collaboration platform Reacts, has secured $4 million in funding. The 10 investors in the round included Desjardins-Innovatech, Claridge Inc, Investissements W3, Fonds de solidarité FTQ and Hacking Health Accelerator. Launched in 2014 by Dr. Yanick Beaulieu, ITT designed Reacts to support remote communications, education and supervision in the healthcare industry. The Montréal-based company plans to use the funds raised to accelerate commercialization of its technology and tap into new markets in Canada and abroad.
3 min read · 14 June 2016
Toronto-based digital health insurance platform LEAGUE has secured about $32 million (US$25 million) in a Series A financing. OMERS Ventures, which led the company's seed financing in 2014, also led the Series A round. It was joined by Infinite Potential Technologies, Real Ventures and BDC IT Venture Fund, as well as strategic investors RBC, Manulife and Power Financial Corp. Founded in 2014 by CEO Michael Serbinis, who created e-reading company Kobo, LEAGUE aims to transform the healthcare experience in North America by emphasizing consumer care and lower costs. It said it would use the funds raised to expand its product offering and geographic reach.
5 min read · 14 June 2016
Toronto-based digital health insurance platform LEAGUE has secured about $32 million (US$25 million) in a Series A financing. OMERS Ventures, which led the company's seed financing in 2014, also led the Series A round. It was joined by Infinite Potential Technologies, Real Ventures and BDC IT Venture Fund, as well as strategic investors RBC, Manulife and Power Financial Corp. Founded in 2014 by CEO Michael Serbinis, who created e-reading company Kobo, LEAGUE aims to transform the healthcare experience in North America by emphasizing consumer care and lower costs. It said it would use the funds raised to expand its product offering and geographic reach.
5 min read · 14 June 2016
Toronto-based security analytics startup Rank Software Inc has raised undisclosed equity financing. The round's investors included Exiger, a New York-based regulatory and financial crime, risk and compliance services provider. Exiger was joined by Generation Ventures, MaRS Investment Accelerator Fund, Export Development Canada and Trellis Capital. Founded in 2013, Rank has leveraged big data analytics to develop cyber security solutions for the financial services, healthcare, government, energy and telecom industries. It said the partnership with its strategic and venture capital investors would help catalyze the company's growth.
3 min read · 13 June 2016
Toronto-based security analytics startup Rank Software Inc has raised undisclosed equity financing. The round's investors included Exiger, a New York-based regulatory and financial crime, risk and compliance services provider. Exiger was joined by Generation Ventures, MaRS Investment Accelerator Fund, Export Development Canada and Trellis Capital. Founded in 2013, Rank has leveraged big data analytics to develop cyber security solutions for the financial services, healthcare, government, energy and telecom industries. It said the partnership with its strategic and venture capital investors would help catalyze the company's growth.
3 min read · 13 June 2016
