Private Equity
Ambit Biosciences Inc. has closed a $25 million of a new $50 million financing, the company announced. Existing investor OrbiMed Advisors led the financing with participation from other existing investors including Aisling Capital, Apposite Healthcare, Roche Ventures, GrowthWorks, MedImmune Ventures, Forward Ventures, GIMV, and Radius Ventures. Ambit is a biopharmaceutical company developing “small molecule kinase inhibitors” for the treatment of cancer, inflammatory disease and other conditions.
2 min read · 06 November 2012
Specialty finance firm Wellington Financial has provided $2.4 million venture debt financing for TIM Group. TIM Group is a SaaS developer of applications serving the financial services industry.
2 min read · 06 November 2012
Alethia Biotherapeutics Inc., a company developing “therapeutic monoclonal antibodies,” has added $4.7 million in new financing. Investors include AgeChem Venture Fund, BDC Venture Capital, GO Capital, and Cellscript of Wisconsin. Alethia Biotherapeutics is based in Montreal.
3 min read · 02 November 2012
LeadSift, a Halifax-based developer of software helping sales and marketing professionals pursue business leads more efficiently, announced this week that it has raised $500K from Innovacorp, East Valley Ventures, and angel investors. A public launch is scheduled for early 2013.
2 min read · 29 October 2012
Vena Solutions, a developer of advanced functionality for spreadsheet documents and processes, has raised $3 million in a recent funding round. Toronto-based Klass Capital participated in the round.
2 min read · 29 October 2012
BuildDirect, a Vancouver-based online wholesaler of building products, announced that it has raised $4 MM from BDC Venture Capital. The company had recently raised $16 MM from OMERS Ventures in June.
3 min read · 26 October 2012
AFS Technologies, a Phoenix-based provider of business enterprise and on-demand software solutions, announced that it has acquired Quofore, Inc., an Atlanta-based provider of mobile software solutions, and MEI Computer Technology Group, a provider of trade promotion management solutions based in Montreal. Quofore was previously venture-backed backed by ABS Capital Partners, while MEI was previously a portfolio company of Innovatech Grand Montréal and Propulsion Ventures, among others.
4 min read · 26 October 2012
Thrasos Therapeutics has raised $35 million for its treatment of acute kidney injury. SR One led the round, with additional funds coming from the GSK Canada Life Sciences Innovation Fund, SW Co., Advanced Technology Ventures, Fonds de solidarité FTQ, Lumira Capital, MP Healthcare Venture Management and Pappas Ventures.
4 min read · 25 October 2012
French VC firm Iris Capital announced it has opened its doors in North America with a $15 MM investment from Teralys Capital to focus on opportunities in the IT sector in Quebec. Iris Capital is supported by France-based Orange and Publicis Group.
4 min read · 24 October 2012
Prepaid Expense Card Solutions Inc., provider of a commercial prepaid card program, has raised $3.2 million in Series B financing from iNovia Capital, Bluff Point Associates and Augury Capital. The company has now raised nearly $5 million in total.
4 min read · 24 October 2012
