Private Equity
The Business Development Bank of Canada (BDC) has unveiled a new brand identity aimed at making its role and product offering better known to more entrepreneurs across Canada. Market research conducted in 2014 on the awareness of the bank suggested that entrepreneurs were not familiar with the firm and its services, BDC said. It plans to improve awareness with the new brand and a related advertising campaign. BDC Capital, the bank's investment arm, provides equity, quasi-equity, other types of financing and advisory services to small and medium-sized companies across Canada.
3 min read · 06 June 2016
The Business Development Bank of Canada (BDC) has unveiled a new brand identity aimed at making its role and product offering better known to more entrepreneurs across Canada. Market research conducted in 2014 on the awareness of the bank suggested that entrepreneurs were not familiar with the firm and its services, BDC said. It plans to improve awareness with the new brand and a related advertising campaign. BDC Capital, the bank's investment arm, provides equity, quasi-equity, other types of financing and advisory services to small and medium-sized companies across Canada.
3 min read · 06 June 2016
Real Matters, a Canadian provider of real estate industry data, is looking to raise at least $100 million in an initial public offering this fall that could value the company at close to $1 billion, sources told Reuters. The Markham, Ontario-based company could raise as much as $200 million, but a decision will be made closer to the listing date, likely in September or October, the sources said. The move comes after Real Matters in April raised $100 million in equity through a private placement. The investors in that round included Canadian venture capital firm Whitecap Venture Partners.
2 min read · 03 June 2016
Toronto-based ticketing solutions platform FanXchange has raised $5 million in a Series B financing. Azure Capital Partners and Plaza Ventures invested in the round alongside existing backers, including Gibraltar & Co, which led FanXchange's Series A round in May 2014. With the financing, Dan Park, principal and head of Canadian investments at San Francisco's Azure, has joined the company's board. Founded in 2009, FanXchange provides a business-to-business offering that helps consumers access tickets for major sports, concert and theater events in North America. It plans to use the funds raised to enhance products and technology available to its partners.
3 min read · 03 June 2016
Canada's OpenText Corp (Nasdaq: OTEX, TSX: OTC) has agreed to acquire Recommind Inc, a U.S. provider of e-discovery and information analytics. The deal reflects a purchase price of US$163 million. Waterloo-based OpenText said the acquisition will complement its own enterprise information management solutions, and is expected to generate between US$70 million and US$80 million of annualized revenue. San Francisco-based Recommind was founded in 2001 and has received funding from Sapphire Ventures, Kennet Partners and Silicon Valley Bank.
3 min read · 02 June 2016
Canada's OpenText Corp (Nasdaq: OTEX, TSX: OTC) has agreed to acquire Recommind Inc, a U.S. provider of e-discovery and information analytics. The deal reflects a purchase price of US$163 million. Waterloo-based OpenText said the acquisition will complement its own enterprise information management solutions, and is expected to generate between US$70 million and US$80 million of annualized revenue. San Francisco-based Recommind was founded in 2001 and has received funding from Sapphire Ventures, Kennet Partners and Silicon Valley Bank.
3 min read · 02 June 2016
OMERS Ventures said it will partner with the Canadian Film Centre's Media Lab in a study of Canada's virtual reality (VR) ecosystem. The study aims to identify key players in the emerging industry and the primary workflows used to bring VR to users. It also aims to uncover areas that suggest particular growth potential. The research will be conducted by consulting firm Nordicity and will be funded by a number of public sector agencies. It will also be supported by Super Ventures, a San Francisco-based incubator and seed fund focused on augmented reality.
4 min read · 02 June 2016
Medella Health, a Canadian developer of smart contact lenses, has secured $1.4 million in seed-stage funding. The investors in the round included 1517 Fund, Fifty Years Fund, Garage Capital and BDC Capital. Founded in 2013 and led by CEO Harry Gandhi, Medella has designed a contact lens to help patients monitor and manage glucose levels via a mobile device. It plans to use the funds raised to scale its technology and partner with micro-fabrication companies, contact lens manufacturers, and healthcare providers. Medella Health is located in the startup work space of the University of Waterloo's Velocity Garage.
2 min read · 02 June 2016
Medella Health, a Canadian developer of smart contact lenses, has secured $1.4 million in seed-stage funding. The investors in the round included 1517 Fund, Fifty Years Fund, Garage Capital and BDC Capital. Founded in 2013 and led by CEO Harry Gandhi, Medella has designed a contact lens to help patients monitor and manage glucose levels via a mobile device. It plans to use the funds raised to scale its technology and partner with micro-fabrication companies, contact lens manufacturers, and healthcare providers. Medella Health is located in the startup work space of the University of Waterloo's Velocity Garage.
2 min read · 02 June 2016
Titan Medical Inc (TSX: TMD), a Canadian robotic surgical technology company, has agreed to receive about $21 million (US$16 million) from Shanghai Jugu Equity Investment Fund, a Chinese private equity and venture capital firm. The investment, which will made in two tranches, will support Titan in the on-going development and commercialization of its SPORT system, a surgeon-controlled robotic platform designed for use in minimally invasive surgery. The Toronto-based company plans to introduce the system to markets in Europe and the United States over 2016-2017.
4 min read · 01 June 2016
