Private Equity
PERQ, a marketing technology company, has raised $6 million in funding. Poplar Ventures led the round.
1 min read · 08 July 2019
California-based 4th & Heart, an artisanal food brand, has secured $7.6 million in Series C funding. Harbinger Ventures led the round.
1 min read · 08 July 2019
Haystack Ventures has raised a $50 million fifth venture-capital fund, according to a filing with the SEC.
1 min read · 08 July 2019
Measure 8 Venture Partners has set out to raise a $250 million second venture-capital fund, according to a filing with the SEC.
1 min read · 08 July 2019
Jim Orlando has recently had a bit of recharging time before starting his new role at Wittington Investments, so he thought he’d review how his Canadian venture capital and startup predictions from the beginning of 2019 are shaping up. He concludes that one area in the landscape he clearly misjudged was the pace and magnitude of exits that we would see in 2019. In a PE Hub Canada feature article, Orlando explains why a series of major Canadian, venture-backed liquidity events in the first half, totalling US$2.2 billion in value, suggest this year may prove to be one of the best — if not the best — on record.
4 min read · 08 July 2019
Radical Ventures is adding to its bench strength with a fresh crop of hires, including a former operating executive in the value-creation platform of buyout giant KKR. The Toronto-based artificial-intelligence VC firm recently brought on Parasvil Patel as a principal. Patel joined from KKR-Capstone, where for four years he was part of a New York-based group that supports KKR’s global investment activity and portfolio companies. At Radical, Patel will help to source AI opportunities and support the growth of portfolio companies, something he is "uniquely skilled for,” Managing Partner Jordan Jacobs told PE Hub Canada.
2 min read · 04 July 2019
Sensibill, a Toronto-based digital receipt management platform, has raised about $41.2 million (US$31.5 million) in its latest financing, according to a report by the Globe and Mail. The round was led by Canadian artificial-intelligence venture capital firm Radical Ventures, the report said. It was joined by Information Venture Partners and First Ascent Ventures (formerly Open Text Enterprise Apps Fund), which led 2017's $17.3 million Series A financing, as well as National Bank of Canada. Founded in 2013 by CEO Corey Gross and CTO Jamie Alexander, Sensibill provides receipt management software that can be built into mobile banking apps.
1 min read · 04 July 2019
Bicameral Ventures has made an undisclosed investment in Balance, a Toronto-based financial technology startup focused on custody solutions for digital assets. The deal, the proceeds of which will be used to accelerate Balance's growth, entitles Bicameral to a board seat. Founded two years ago by CEO George Bordianu and COO Baha Nurlybayev, Balance develops solutions for securely buying, holding and trading a basket of cryptoassets. The company was part of the 2019 class of Techstars Toronto Accelerator. Based in Toronto, Bicameral invests in early-stage projects leveraging blockchain and virtualized technologies.
3 min read · 04 July 2019
CTRL-labs has acquired the intellectual property for the Myo gestural armband from North, a Kitchener, Ontario-based wearable technology company. Terms weren't released for the deal, which CTRL-labs announced on Twitter. The New York-based neural interface technology developer said it will "bring these inventions back to life." North, which is said to have raised a US$40 million convertible debt financing earlier this year, recently focused on its augmented reality eyewear called Focals. In February, CTRL-labs reportedly closed a US$28 million round led by GV, Google’s venture capital arm, and joined by Amazon’s Alexa Fund, Lux Capital, Spark Capital and others.
1 min read · 03 July 2019
Cere Network, a provider of a blockchain CRM ecosystem platform, has raised an undisclosed amount of funding. The investors were Binance Labs, Arrington XRP Capital and NEO Global Capital.
3 min read · 03 July 2019
