Chad Bayne

Chad Bayne

Partner, Emerging and High Growth Companies

Key Contact: Emerging and High Growth Companies

Key Contact: Venture Capital

Key Contact: Fintech

Contact Information

cbayne@osler.com

tel: 416.862.4708

Office

Toronto

Bar Admission

Ontario, 2002

Education

  • University of Ottawa, LL.B.
  • University of Waterloo, B.A.Sc. (Computer Engineering)

Language(s)

English

As a founder and Co-Chair of Osler’s Emerging and High Growth Companies Practice Group, he advises various emerging and growth companies across all technology sectors, the venture capital funds and investors that finance them and the strategic acquirors who buy them. He advises clients in connection with a variety of transactions including acquisitions and divestitures, venture capital, growth equity and private equity financings, joint ventures, strategic alliances and initial public offerings.

Chad is widely recognized as the leading lawyer in Canada for startups and venture capital investors as the only Band 1 lawyer currently ranked in Chambers Canada’s Startup and Emerging Companies Category. Chambers notes that “Chad’s domain knowledge on how the startup and venture capital ecosystem works is unmatched in the country." He is also ranked in Chambers Canada’s Fintech sector where he is described as “occupying a unique position in the market – he is famous in the tech scene”.

Chad ‘s computer engineering background provides him with a unique capability to leverage industry-related experience to provide his clients with top tier strategic advice and guidance.

Chad has advised on some of the most seminal transactions involving technology companies in Canadian history, including IBM’s US$5B acquisition of Cognos, Hootsuite’s landmark US$165M Series B financing, Verafin’s landmark C$515M recapitalization and its US$2.75B sale to NASDAQ, Waabi’s US$83.5M Series A financing and Wealthsimple’s $750M financing.

Chad also plays a central role in Osler’s efforts in Rotman’s Creative Destruction Lab which we support at a national level, NEXT Canada (NEXT AI, NEXT 36 & NEXT Founders), C100, Deloitte’s Fast 50 Program and League of Innovators (formerly The Next Big Thing).

  • Joyride Technologies

    Joyride Technologies in its securing of $7 million in a Series A financing round

  • Brim Financial

    Brim Financial in its securing of $85 million Series C financing round

  • Ideogram

    Ideogram in its closing of a $80 million Series A financing round

  • Fusion Pharmaceuticals

    Fusion Pharmaceuticals in its acquisition by AstraZeneca

  • ContactMonkey

    ContactMonkey in its $55 million Series A financing round

  • Procurify

    Procurify in its closing of a $68 million Series C financing round

  • Promise Robotics

    Promise Robotics in its closing of a $20.8 million Series A financing round

  • Arteria AI

    Arteria AI in its $46 million Series B financing round

  • Ten Key Labs

    Ten Key Labs in its raising of $10.5 million in Seed financing

  • Relocalize

    Relocalize in its raising of $4.78 million in seed funding

  • Daylight Automation

    Daylight Automation in its acquisition by Quadient

  • FlipGive

    FlipGive in its $5 million Series B financing round

  • Solink

    Solink in its raising of US$60 million in a Series C funding round

  • Passage

    Passage in its $40 million Seed financing round

  • Innerspace

    Innerspace in its $10 million Series A financing round

  • Voiceflow Inc.

    Voiceflow Inc. in its raising of US$15 million

  • Vital Biosciences

    Vital Biosciences in its raising of around US$18 million in a Series A financing round

  • Metafold

    Metafold in its of US$1.78 million in Seed financing

  • ApplyBoard

    ApplyBoard in its $70 million Series C extension

  • ApplyBoard

    ApplyBoard in its CAD $100 million Series C financing round

  • Wealthsimple

    Wealthsimple in its $114 million equity financing

  • Wealthsimple

    Wealthsimple for Advisors in its acquisition by Purpose Advisor Solutions

  • Wealthsimple

    Wealthsimple in its $100 million investment round

  • Fusion Pharmaceuticals

    Fusion Pharmaceuticals in its $212.5 million IPO

  • Symend

    Symend in its $73 million Series B financing round


  • TECHNOLOGY

    • Affinio in its $11.4 million Series B financing
    • Affinium Pharmaceuticals in connection with its sale to Debiopharm
    • Alphora Research in connection with its sale to Eurofins Scientific
    • Applyboard in its $17 million Series A financing
    • Avidbots in its $31.5 million Series B financing
    • Barley Inc. in its securing of US$4 million of Seed financing
    • BDC Capital in connection with the merger of equals between Extreme Startups and Grow Lab
    • BenchSci in its US$8 million Series A financing; in its investment by Gradient
    • Blackboard in connection with its acquisition of Elluminate by way of statutory arrangement
    • Blue J Legal in its US$7 million Series A financing
    • BNOTIONS in connection with its sale to Symbility
    • Borrowell in its $12 million Series A financing led by Portag3 Ventures, Equitable Bank and White Star Capital and $45 million in new credit facilities provided by Concentra and FirstOntario Credit Union; in its $20 million Series B financing
    • Citizen Hex in its Seed financing
    • ChefHero in its Series A financing
    • Chefs Plate in its $10 million Series C financing
    • Clearbanc in its US$70 million in Seed & Series A financing
    • Coconut Software in its $6.5 million Series A-2 financing round
    • CryptoNumerics in its $3.3 million Seed financing
    • Deep Genomics in its US$13 million (approx.) Series A financing
    • Dominion Voting Systems in its acquisition by its management team and Staple Street Capital.
    • Drop in its US$5.5 million Seed financing; in its US$21 million Series A financing; and its acquisition of Canopy Labs
    • Dyadem in connection with its acquisition by IHS by way of statutory arrangement
    • Flashfood in its Seed Preferred Share financing
    • Finaeo in its $2.25 million Seed financing; in its $5.35 million Seed financing extension
    • Fullscript in its merger with Natural Partners
    • FundThrough in its $34 million Series A financing
    • Fusion Pharmaceuticals in connection with its US$46 million Series A financing; in its US$105 million Series B financing
    • Genesys Capital in Inversago Pharma’s $7 million Series A financing
    • Greyhound Capital in KOHO Financials' $42 million Series B
    • Google in connection with various Canadian acquisitions, including AppBridge, Granata Decision Systems, DNNresearch, Bufferbox, Bump Technologies, SocialDeck and Adscape Media
    • Google Ventures in its US$15 million investment in CmdWatch Security
    • Hashtag Paid in its Series A financing
    • Hearst Corporation in connection with its acquisition of Canadian Black Book
    • Hootsuite in connection with all of its rounds of financing, including the US$165 million Series B financing involving Insight Venture Partners, Accel Partners and OMERS Ventures (the largest venture capital financing of a Canadian software company), and the acquisitions of LiftMetrix, AdEspresso, UberVU, BrightKit, Zeetl and Sales Prodigy
    • Hubdoc in its acquisition by Xero
    • IBM in connection with various Canadian acquisitions, including Varicent Software, Platform Computing, Algorithmics, Clarity Systems, Net Integration, Cognos, DataMirror, Watchfire and DWL
    • Inkbox in its $17 million financing
    • InnerSpace in its $3.2 million Seed financing
    • iNovia Capital in Careguide's $6 million Series A financing; in Fellow Insights' US$6.5 million Seed financing
    • Insception Biosciences in connection with acquisition of Lifebank by way of takeover bid
    • Interaxon in its acquisition of Meditation Studio
    • JMI Equity's $115 million investment in Vena
    • Kensington Capital Partners in connection with Brightspark’s $6 million financing round
    • Layer 6 in its acquisition by the Toronto-Dominion Bank
    • LinkedIn in connection with its acquisition of Careerify
    • Loopio in its US$9 million Series A financing
    • Marlin Equity Partners in connection with its acquisitions of Changepoint/Uniface and Longview Solutions
    • Meta in connection with its sale to the Chan Zuckerberg Initiative
    • Napier Park, Relay Ventures, and JPMorgan Chase in TouchBistro's $72 million Series D financing; Napier Park's $10 million investment in 7shifts
    • Nulogy in connection with its $14 million growth financing lead by Tola Capital
    • Numerous emerging technology companies and angel and VC investors (including BDC Capital, Genesys Capital, iNovia Capital, Rho Canada Ventures, Insight Venture Partners, Georgian Partners, Horizons Ventures and Gibraltar Ventures) in connection with various private financing transactions
    • Ontario Teachers’ Pension Plan in connection with their joint acquisition of Q9 Networks with Bell Canada, Providence Equity Partners and Madison Dearborn Partners for approximately $1.1 billion in cash
    • Outside Intelligence in connection with its sale to Exiger
    • Platterz in its US$15 million Series A financing
    • Preferred share investors in connection with the merger of equals between Dealfind.com and Teambuy.ca
    • Preferred share investors in Epocal in connection with the structured acquisition transaction pursuant to which Alere (formerly Inverness Medical) agreed to acquire Epocal
    • Procurify in its $26 million Series B financing
    • Prodigy Games in its investment by CBGF
    • Professor Raquel Urtasun in her hiring by Uber to lead a new Toronto-based research and development centre for its Advanced Technologies Group
    • Professor Sven Dickinson in his appointment to lead Samsung's new Toronto AI Centre
    • Q4 in connection with its $22 million growth financing; in its US$38 million Series C Financing; and its acquisitions of Oxford Intelligence and the EuroInvestor IR Solutions
    • Ratehub in its acquisition of MoneySense
    • Resson in connection with its $14 million Series B financing lead by Monsanto Growth Ventures; and in its $14 million Series C financing
    • Right-Health in its acquisition of Akira Medical
    • Ritual in its US$43.5 million Class B Preferred Share financing; and in its US$70 million Series C financing
    • Rubikloud in connection with its US$37 million Series B financing
    • Sanja Fidler in her appointment to lead Nvidia's new Toronto AI research facility
    • ScribbleLive in connection with its $35 million expansion of financing and acquisitions of Appinions, Visually, Scompler and Linkdex; and in its acquisition of ion interactive, inc., an interactive content platform provider
    • Sensibill in connection with all of its financings, including its $17 million Series A financing
    • SkyWatch Space Applications Inc. in its $10 million Series A financing round
    • SnapTravel in its $28 million Series A financing
    • Solink in its $16.3 million Series A financing
    • Statflo in its $12 million Series A financing
    • Tencent in connection with its US$50 million investment in Kik
    • The Logic in its minority stake acquisition by Postmedia
    • The Rubicon Project in connection with its US$122 million acquisition of Chango by way of statutory arrangement
    • ThoughtWire in its combined $20 million Series A and debt financing
    • Turnstyle in its US$20 million sale to Yelp
    • Uberflip in its US$32 million Series A financing
    • Uken Games in the sale of Bingo Pop to Jam City
    • Universe in connection with its sale to Ticketmaster
    • Untether AI in its US$13 million Series A financing
    • Untether AI in its $20 million Series A financing with Radical Ventures
    • Upchain in its $7.4 million Series A financing
    • Verafin in connection with the $60 million financing by Spectrum Equity (the largest venture capital financing of an Atlantic Canadian software company)
    • Vision Critical in connection with its $76 million secondary sale financing lead by W Capital Partners and Georgian Partners
    • Wave in its $32 million strategic financing from National Australia Bank, RBC, Portag3, and Exhibition Capital; in its acquisition of Every Inc.
    • Wealthsimple in connection with its strategic relationship with, and planned investments by, Power Financial and its acquisition of ShareOwner; and its $65 million investment from Power Financial
    • Xanadu in its $9 million Seed financing; in its $32 million Series A financing
    • Zoom.ai in its acquisition of SimplyInsight; and in its $3.1 million Seed financing
    • 360insights in its acquisition of Through-Channel
    • 500px in its acquisition by Visual China Group

     

    OTHER

    • General Motors of Canada in connection with its acquisition of Suzuki Corporation’s interest in CAMI Automotive
    • Kinross in connection with its US$150 million strategic investment in Harry Winston and Harry Winston Diamond Limited Partnership and in its acquisition of Aurelian Resources by way of take-over bid
    • Lundin Mining in connection with HudBay Minerals proposed acquisition by way of statutory arrangement
    • Riverfront Medical Services in connection with its sale to SCM Insurance Services
    • TMX Group in connection with the formation of FTSE TMX Debt Capital Markets joint venture with FTSE
    • United States Steel in connection with its acquisition of Stelco for approximately $1.1 billion in cash by way of statutory arrangement
    • WorleyParsons in connection with various Canadian acquisitions, including The Colt Companies for $1.035 billion in cash and exchangeable shares, WorleyParsons MEG, HG Engineering and Komex Engineering, and its joint venture with Cegertec
  • Find More

  • Chambers Canada: Canada’s Leading Lawyers for Business: Recognized in Startups and Emerging Companies (Band 1)
    • "Chad's domain knowledge on how the startup and venture capital ecosystem works is unmatched in the country."

    • "Chad Bayne is one of the most respected people in tech in Toronto. He's always working hard for his clients."

    • "Chad is one of the top lawyers in our ecosystem and an incredible partner to the companies he works with."
    • "Chad's an amazing lawyer."

       

  • Chambers FinTech – Canada: Canada’s Leading Lawyers in FinTech: Recognized in FinTech Legal
    •  He is an influential figure in the Canadian FinTech ecosystem, and is described as "occupying a unique position in the market – he is famous in the tech scene." Chad is well thought of by his clients for his responsiveness, knowledge and deal-making expertise
    • “Unbelievably commercial and understands what is happening in the market. His ability to articulate opportunities to technology companies is unbelievably strong.
  • The Canadian Legal Lexpert Directory: Recognized in Corporate Commercial Law; Corporate Mid-Market; Toronto’s top corporate mid-market lawyers; Mergers & Acquisitions; Technology Transactions; Ontario’s best technology transactions lawyers
  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada: Recognized in Corporate Commercial Law; Technology
  • The Lexpert Guide to the Leading US/Canada Cross-border Corporate Lawyers in Canada: Recognized in Lawyers to Watch
  • Best Lawyers in Canada: Recognized in FinTech Practice; Mergers and Acquisitions Law; Technology Law; Venture Capital Law; "Lawyer of the Year", Venture Capital Law
  • Who's Who Legal Thought Leaders: Global Elite: Recognized in Fintech 

  • Canadian Bar Association
  • Ontario Bar Association
  • Canadian Venture Capital Association

Media Mentions

  • Quoted in DealTech: Increased use of AI in M&A due diligence will change legal profession - experts, Mergermarket article, written by Mark Coakley and Rupert Cocke, March 2022