Private Equity
Arcadia Data, a provider of visual analytics software for big data, has raised $15 million in Series B funding. Pelion Venture Partners led the round with participation from existing investors Intel Capital, Mayfield Fund and Blumberg Capital.
6 min read · 02 October 2018
Toronto-based online cleaning services management platform iRestify has raised $1 million in a financing round. U.S. early-stage venture capital firm Birchmere Ventures led the deal. It was joined by Canadian investor groups Good News Ventures and Maple Leaf Angels, as well as others. Founded two years ago by Co-CEOs Erifili Morfidis and Charlotte Gummesson, iRestify provides business organizations with an online, streamlined solution for booking and managing trusted and insured cleaning services. The company is currently focused on business clients in Toronto, Ottawa and Montréal.
3 min read · 01 October 2018
Oklahoma City-based Whiteboard Technologies, a provider of a CRM tool for the mortgage loan industry, has raised $2.5 million in Series A funding. The lead investor was i2E Inc.
1 min read · 01 October 2018
Fonds de solidarité FTQ has decided to stop backing Québec oil and gas companies as part of an energy transition strategy intended to reduce the carbon footprint of its investments. The strategy will include setting a reduction target for its private equity investments in 2019. Additionally, the Fonds plans to assist Québec businesses with their transition and invest in alternative sources of energy. The Montréal-based investor, which oversees $14.3 billion in net assets, decided last year to stop investing in coal use for energy production.
3 min read · 01 October 2018
Meatable, a cell-based meat startup, has secured $3.5 million in funding. BlueYard Capital led the round with participation from Atlantic Food Labs and Future Positive Capital.
3 min read · 01 October 2018
Searchlight Pharma Inc has agreed to acquire the Canadian assets of Merus Labs International Inc, an affiliate of European pharmaceutical company Norgine BV. Terms weren't disclosed. As a result, Searchlight, a Montréal-based specialty pharmaceutical company, will own and assume the distribution and promotion of Merus prescription drugs Enablex and Vancocin in Canada. Norgine will retain all assets outside of Canada. Last year, Searchlight raised financing from Emerillon Capital and Fonds de solidarité FTQ to back its growth and therapeutic area expansion.
4 min read · 01 October 2018
Khosla Ventures' General Partner Benjamin Ling has begun raising his own $60 million venture fund, according to a filing with the SEC.
1 min read · 01 October 2018
Mercato Partners has set out to raise a $250 million venture-capital fund, according to a filing with the SEC.
1 min read · 01 October 2018
Thentia, a Toronto-based provider of regulatory and compliance software, has raised venture debt funding from Espresso Capital, a Canadian provider of technology debt financing. No financial terms were disclosed. Founded in 2014, Thentia's database technology helps regulatory bodies, licensing boards and private businesses to streamline their operations in regulation, compliance and governance. Led by CEO Julian Cardarelli, the company will use the funds raised to expand its suite of software solutions and build on its existing presence in Canadian, U.S. and U.K. markets.
2 min read · 01 October 2018
Remedy Review, a newly launched digital publishing company focused on covering the hemp, cannabinoids, and natural health space, has raised $2 million in funding. The investor is One Better Ventures. Remedy Review will operate out of Three Ships, a Raleigh, North Carolina-based digital publisher and customer acquisition company.
3 min read · 01 October 2018
