Private Equity
Canadian venture capital firm Cycle Capital Management plans to increase its presence in Ontario's clean technology market with a new office at the MaRS Discovery District in Toronto. The firm made the announcement at CIX Cleantech, hosted this week by the Canadian Innovation Exchange. Montréal-based Cycle also said that Partner Shirley Speakman, who joined the firm in March 2013, will head the office. Cycle has led or joined financings of a number of companies this year, including GaN Systems and Inocucor Technologies.
2 min read · 15 October 2015
Icon Ventures has added a fourth general partner to its ranks, promoting Michael Mullany from venture partner.
1 min read · 15 October 2015
New York-based Ovid Therapeutics Inc, a biopharmaceutical company focused on treating rare and orphan brain diseases, has hired Dr. Anna Kazanchyan as senior vice president of business development. Previously, Dr. Kazanchyan was the founder and managing partner of Primary i-Research LLC. Ovid's backers included Fidelity Management and Research Company, Cowen Private Investments, Sanofi-Genzyme BioVentures, Tekla Capital Management, Sphera Global Healthcare Fund, Jennison Associates (on behalf of certain clients), Redmile Group and Cormorant Asset Management.
3 min read · 15 October 2015
Icon Ventures has named Michael Mullany as a general partner. Previously, Mullany worked at Sencha where he served as CEO.
2 min read · 15 October 2015
Neil Petroff has been appointed to the role of vice chair of Northwater Capital Management, a Canadian private investment firm. Petroff is the former executive vice president of investments and CIO of the Ontario Teachers' Pension Plan, a position he held between 2009 and 2015. Prior to Ontario Teachers, he worked at a number of financial institutions. Northwater, which has offices in Toronto and Chicago, is active in a number of markets, including venture capital. It has made several technology investments through its Northwater Intellectual Property Funds.
2 min read · 14 October 2015
The National Angel Capital Organization (NACO) and BDC Capital have given the Canadian Angel of the Year award to Mike Cegelski. The award, presented at NACO's National Angel Summit, recognizes an investor who has made a significant contribution to Canada's angel ecosystem. Cegelski, a member of Anges Québec, has over 25 years of experience in information technology sectors. He is currently a full-time angel and mentor who has invested in more than 30 Canadian and U.S.-based companies in the last 5 years.
4 min read · 08 October 2015
Santa Clara, California-based Cohesity, a provider of converged secondary storage, has named Riccardo Di Blasio as COO and head of field operations. Previously, Di Blasio was the senior vice president of vCloud hybrid services at VMware. Cohesity's backers include Sequoia Capital, Wing Venture Capital, ARTIS Ventures, Google Ventures, Qualcomm Ventures, Accel Partners, Battery Ventures and Trinity Ventures.
3 min read · 07 October 2015
Integrale Advisors has appointed Cynthia Murfey as a managing director and head of investor relations. Previously, Murfey was a limited partner with Greylock Partners.
1 min read · 07 October 2015
Metamorphic Ventures has named Lawrence Ng to its advisory board. Ng is a principal at global asset management firm LNG Management and was a board chairman of Oversee.net.
3 min read · 06 October 2015
MaRS Discovery District has made new appointments to its board of directors. They include Michael Serbinis, the former head of Kobo Inc, and the founder and CEO of LEAGUE Inc, a digital health and wellness platform funded last November. The other appointees are: Annette Verschuren, Chair and CEO of NRStor Inc; Stefan Larson, an entrepreneur-in-residence at Versant Ventures and the founding CEO of Northern Biologics; and Martha Tory, a former partner at Ernst & Young LLP. Toronto-based MaRS is an innovation hub that supports startups in health, clean-tech and information technology sectors.
7 min read · 05 October 2015
