Private Equity
Vancouver-based specialty finance firm TIMIA Capital Corp has established a presence in Ontario with the hire of Andrew Abouchar as executive vice president, underwriting. Abouchar, a partner at Canadian venture capital firm Tech Capital Partners, will focus on expanding TIMIA's financing business in Ontario and across Canada. Abouchar co-founded Tech Capital in 1998 and has since helped lead the firm's investments in early-stage companies in the Toronto-Waterloo corridor. TIMIA provides financing to technology companies in exchange for a royalty on revenue.
3 min read · 14 September 2016
Scale Venture Partners announced in a blog post that Tim Anglade has joined the Foster City, California-based firm as an executive-in-residence. Anglade was previously vice president of product at Realm, a provider of an embeddable database for mobile developers that was backed by Scale and others. At Scale, he is spearheading a video series the firm launched called the Startup Tapes, which chronicles how entrepreneurs build startups.
1 min read · 13 September 2016
Isaac Souweine has joined Canadian early-stage venture capital firm Real Ventures as an entrepreneur-in-residence. He will operate from Montréal. Souweine has in recent years served in a number of entrepreneurial roles, including as director of product management at Frank & Oak, an online menswear retailer, between 2013 and 2015. He subsequently assumed a comparable position at Flatbook, a hospitality technology platform. In August 2015, Montréal-based Real Ventures raised $89 million for its third fund, Real Ventures III.
2 min read · 12 September 2016
Harmony Partners, a growth-stage investor which earlier this year closed its third fund with $105 million in commitments, announced that Clemens Baumgart has joined the firm as an associate. Baumgart, who will be based out of the firm's New York office, was previously a strategy consultant at McKinsey & Company, where he advised clients in technology, healthcare and financial services. Harmony Partners also has an office in San Francisco.
1 min read · 12 September 2016
Mike Shaver, director of engineering at Silicon Valley social media and social networking platform Facebook, has joined the investment team of Canadian venture capital firm Real Ventures. He assumed the role of general partner and will operate from the firm's office in Toronto. Over the past five years, Shaver led the development of Facebook Mobile. Prior to then, he was a senior technology executive at Mozilla Corp and Zero Knowledge Systems Inc. In August 2015, Montréal-based Real Ventures raised $89 million for its third early-stage fund, Real Ventures III.
2 min read · 09 September 2016
Intelex Technologies Inc, a Toronto-based provider of environmental, health, safety and quality management software, has hired Derek Smyth as its new chief customer officer. Smyth, who joined Intelex from Vision Critical Communications Inc, will help drive the company's global go-to-market strategies. Prior to his time at Vision Critical, Smyth worked as a senior investment professional at OMERS Ventures, Bridgescale Partners and EdgeStone Capital Partners. Last year, Intelex secured $160 million in a financing led by JMI Equity.
4 min read · 08 September 2016
Menlo Ventures is putting new resources behind its consumer investing, hiring three new staffers and bringing back Shawn Carolan as a managing director.
1 min read · 08 September 2016
The Next 36, a Canadian non-profit organization focused on supporting young entrepreneurs, has rebranded as NEXT Canada. The initiative is intended to help expand the organization's scope, NEXT Canada said. To lead this effort, NEXT Canada has appointed Razor Suleman as its new CEO. Suleman founded and led Achievers, a venture-backed employee engagement platform acquired last year. He is currently a partner at Canadian alternative investment firm Alignvest Management Corp. Earlier in 2016, NEXT Canada launched the Young Founders Fund in partnership with BDC Capital and other investors.
4 min read · 07 September 2016
The Kauffman Fellows has appointed three venture capitalists to its board, according to a press release.
1 min read · 07 September 2016
Leerink Transformation Partners has hired Vinay Shah as a vice president. Previously, Shah worked at Longitude Capital where he was a senior analyst.
2 min read · 06 September 2016
