Private Equity
With legalization on the horizon, discussion among industry observers is increasingly concerned with how cannabis businesses, particularly licensed producers, will access the funds they need to succeed in a rapidly evolving and highly competitive recreational market. To date, the focus has largely been on equity financing. In a PE Hub Canada feature article, Torys LLP Partners Amanda Balasubramanian and Scott Bomhof and Stephen Dalby look at the potential role for effective debt financing strategies.
7 min read · 05 March 2018
Toronto-based ThoughtWire, the developer of the Ambiant IIoT platform, has secured $20 million in Series A financing. The investors included Yaletown Partners, BDC Capital, Round13 Capital, Epic Capital and Comerica.
1 min read · 05 March 2018
Blue Ant Media Inc has acquired Australian Geographic magazine and its associated assets, from publisher Bauer Media Australia. No financial terms were disclosed. The deal will see the bi-monthly Australian wildlife and nature magazine, which has a readership of more than 540,000, continue to operate from Sydney. Blue Ant, a Toronto-based content producer, distributor and channel operator, said the deal reinforces its footprint in the Australian market. Founded in 2011, Blue Ant's backers include Difference Capital, Gibraltar Ventures, Kensington Venture Fund and Relay Ventures.
3 min read · 05 March 2018
Liquid 2 Ventures is seeking to raise $50 million for its second fund, according to an SEC filing. Based in San Francisco, Liquid 2 Ventures makes seed-stage investments in tech startups. General partners include NFL Hall of Fame Quarterback Joe Montana.
1 min read · 05 March 2018
Leawood, Kansas-based C2FO, a working capital marketplace, has secured $100 million in funding. Allianz X and Mubadala Investment Company led the round with participation from return backers Temasek, Union Square Ventures and Mithril Capital.
1 min read · 05 March 2018
Chinese big data tech company Wecash Technology Co. Ltd has raised $160 million in Series D financing. ORIX Asia Capital Ltd and SEA Group led the round with participation from SIG, Sagamore, Forebright, Lingfeng Capital and Hongdao Capital.
1 min read · 05 March 2018
Sarah Cannon will be joining Index Ventures' San Francisco office as a partner, according to a spokesperson for the firm. Her appointment begins in May. Cannon will join Index Ventures from CapitalG, Alphabet's growth equity fund. She worked as a policy adviser on the National Economic Council at the White House during the Obama Administration.
1 min read · 05 March 2018
Boulder, Colorado-based Redeam, a tech company that automates the way tours and attractions process tickets sold by third-party distributors, has secured $7.7 million in Series A funding. Vertical Venture Partners led the round with participation from other investors that included Thayer Ventures, JetBlue Technology Ventures, Tallwave Capital and Peninsula Ventures.
5 min read · 05 March 2018
Chicago-based Paro, a future of finance work startup, has raised $5 million in Series A funding. Revolution Ventures led the round with participation from Global Founders Capital and Tom Williams.
1 min read · 05 March 2018
Smart Employee Benefits Inc (TSX-V: SEB) has closed a private placement offering, generating $3 million in gross proceeds. The investor was Golden Opportunities Fund, a retail venture capital fund managed by Westcap Management. Founded in 2011, Mississauga, Ontario-based SEB specializes in cloud software-as-a-service solutions for managing the benefit plans of employers and governments. The company said the deal strengthens its balance sheet and working capital and will support business development initiatives in Saskatchewan and Manitoba, where Golden invests.
5 min read · 05 March 2018
