Private Equity
London, Ontario-based Red Jacket Private Equity plans to raise C$60 million for a new venture capital partnership to invest in innovative companies in the Waterloo region, according to The Record. The fund, which is named the Waterloo Tech Fund, will focus on companies based or incubated in Waterloo that already have finished products, customer traction, revenue and support from angel investors, The Record reports.
1 min read · 03 December 2012
Espial Group Inc., a global supplier of digital TV and IPTV software and solutions, announced its acquisition of British software firm ANT plc. The deal, which has been estimated at C$8 million, is expected to close in early 2013. Ottawa-based Espial went public in 2007, but it has since received financing from Toronto venture capital firm Relay Ventures.
4 min read · 03 December 2012
An overview of Canada’s Venture Capital Market in Q3 2012, produced by Thomson Reuters for Canada's Venture Capital & Private Equity Association
1 min read · 28 November 2012
Halifax, Nova Scotia-based LeadSift, a start-up that mines social media data to generate high-quality sales leads, has secured $500,000 in financing from OMERS Ventures. The money will go toward sales and marketing efforts, as well as continued product development.
3 min read · 27 November 2012
MethylGene Inc., a Montreal-based biopharmaceuticals firm, announced the completion of a new financing totaling C$26.1 million. The investment was led by Tavistock Life Sciences, a company insider, and included OrbiMed Advisors LLC, Tang Capital Partners LP, RA Capital Management and BVF Partners LP .
4 min read · 26 November 2012
SeaFort Capital, a Halifax-based private equity firm, announced this week that it is acquiring its first company, A.W. Leil Cranes, a Nova Scotia-based company providing crane rental and lift services, for an undisclosed sum. The company operates a fleet of over 50 cranes under the trade names A.W. Leil, Sagadore Cranes and Cape Breton Cranes, and has five offices and over 60 employees.
2 min read · 23 November 2012
Identity verification startup Trulioo has raised $2 million in seed funding from Blumberg Capital. The compnay has also recruited Google’s director of identity Andrew Nash as chief technology officer.
2 min read · 22 November 2012
Chango Inc. said Wednesday it has raised $12 million in funding from existing investors including iNovia Capital, Rho Canada Ventures, Metamorphic Ventures, Mantella Venture Partners and Extreme Venture Partners. Chango is an ad technology company, headquartered in Toronto, Ontario.
3 min read · 21 November 2012
Jintronix, a company that designs medical software for physical and cognitive rehabilitation, has secured seed capital and is relocating the company’s headquarters from Montreal, Quebec to Seattle, Washington. The financing round was led by Madrona Venture Group.
3 min read · 20 November 2012
Vancouver-based venture capital investor Espresso Capital Partners has led a $1.1 million financing of Vancouver-based venture capital investor Espresso Capital Partners has led a $1.1 million financing of Sidense Corp. of Ottawa, a developer of silicon-proven embedded non-volatile memory IP. Existing backer Trellis Capital Corp. was among the co-investors in the deal. Sidense has been venture-backed since 2006.
2 min read · 19 November 2012
