Private Equity
Trident Capital Cybersecurity said it named Myrna Soto as a partner.
1 min read · 16 April 2018
Ni2 Inc, a Montréal-based provider of services and operations management software, has raised $6 million in new financing. Desjardins Capital was the sole investor. Founded in 2003, Ni2 has developed a software platform designed to help data centre, network and communications service providers to operate better and grow faster as they prepare for new technologies. The funds raised will be used to accelerate commercial operations and grow the company's presence in North America, Europe, and Asia, and to enhance service and development teams in Montréal and Belgium. Ni2 is led by CEO Joseph Hatchuel.
3 min read · 16 April 2018
Sequoia Capital Israel General Partner Gili Raanan has formed a new venture firm, Cyberstarts VC, and raised $54 million for a maiden venture fund, according to a news report from Reuters and a filing with the SEC.
1 min read · 13 April 2018
Entrepreneur Nuno Sebastiao has joined Oak HC/FT as a senior adviser to the firm's fintech team. Sebastiao will help the firm identify and invest in the fintech sector. Sebastiao is co-founder and chief executive of San Mateo, California-based Feedzai, an existing Oak HC/FT portfolio company that provides risk management solutions for banks using artificial intelligence technology.
1 min read · 13 April 2018
AmorChem Group said Fondaction CSN, a Québec private equity and venture capital firm, has committed an undisclosed amount to the firm's second seed-stage biotechnology fund. AmorChem II Fund LP last year raised an initial $44.2 million from several investors, including the Québec government, Fonds de solidarité FTQ and Merck. Montréal-based AmorChem commercializes life sciences projects originating from Québec universities and research centres. In March, it backed the $2.6 million financing of biotechnology startup SemaThera Inc.
3 min read · 13 April 2018
Vancouver's Enterra Feed Corp, one of an emerging crop of insect growers, processes bugs into protein-rich food for fish, poultry - even pets, Reuters reported. The company is part of a small but growing insect farming sector that has captured attention and investments from some heavyweights in the US$400 billion-a-year animal feed business, including U.S. agricultural powerhouse Cargill Inc. Enterra's backers include Calgary-based venture capital firm Avrio Capital and U.K.-based Wheat Sheaf.
6 min read · 13 April 2018
Canadian food company McCain Foods Ltd has made an undisclosed strategic investment in TruLeaf Sustainable Agriculture Ltd, a Bedford, Nova Scotia-based agricultural technology company. Founded in 2011 by President and CEO Gregg Curwin, TruLeaf has developed an indoor vertical farming system to grow quality leafy green produce. Curwin said the partnership with McCain will help accelerate his company's farm development and expansion into global markets. In 2016, TruLeaf raised an $8.5 million financing led by former Scotiabank executive Mike Durland. It is also backed by Innovacorp.
3 min read · 13 April 2018
Onapsis said April 13 that it raised a $31 million Series C round led by LLR Partners. Existing institutional investors .406 Ventures, Evolution Equity Partners and Arsenal Venture Partners also participated. Onapsis, of Boston, provides cybersecurity software that automates monitoring and protection of SAP and Oracle ERP and other applications.
4 min read · 13 April 2018
SpaceX said in a Delaware filing last week it plans a $500 million round of Series I financing at $169 a share, according to a news report.
1 min read · 12 April 2018
Genesis Robotics, the robotics affiliate of Langley, British Columbia-based Genesis Advanced Technology (GAT), has received a strategic, controlling investment from a unit of U.S.-based Koch Industries Inc. No financial terms were disclosed. The deal will result in the formation of a new entity, Genesis Robotics and Motion Technologies, focused on the commercialization of electric motor and actuation technologies, including LiveDrive, which will advance robotics designs and platforms. GAT was founded in 2009 by President Michael Gibney and Technical Director James Klassen. Genesis Robotics has previously reported raising funding from angel investors.
3 min read · 12 April 2018
