Representative Work Representative Work

Hydro One in its inaugural $1.05 billion offering of Medium Term Notes under New Sustainable Financing Framework

On January 24, 2023, Hydro One Inc., a wholly owned subsidiary of Hydro One Limited (collectively, “Hydro One”) priced an offering of $1.05 billion of Medium Term Notes (the “Notes”), consisting of $300 million aggregate principal amount of 3.93% Medium Term Notes, Series 53, due 2029, $450...

Lead Office: Toronto Date Closed: January 24, 2023 Value: $1.05 billion

Blockstream in its raising of US$125 million to develop their crypto mining services

On January 24, 2023, Blockstream raised US$125 million in a convertible notes and secure loan financing. The convertible note was led by Kingsway Capital and had participation from Fulgur Ventures. Blockstream plans on allocating this funding towards further developing their crypto mining services...

Lead Office: Montreal Date Closed: January 24, 2023 Value: US$125

Pender Ventures in connection with Traction Complete’s $5-million Series A financing round

On January 24, 2023, Traction Complete announced the closing of its $5-million Series A investment round led by Pender Ventures with participation by Thomvest Ventures. Through this funding, Traction Complete will focus on client relationships through advancing their marketing...

Lead Office: Toronto Date Closed: January 24, 2023 Value: $5 million

MoonPay in its acquisition of Nightshift

On January 19, 2023, MoonPay acquired Nightshift, a Web3 creative agency focusing on branding and strategy. MoonPay plans on utilizing Nightshift’s services to provide companies, brands and creative agencies with world-class, end-to-end support to unlock new revenue through...

Lead Office: Toronto Date Closed: January 19, 2023 Value: -

Notch in its raising of $13.7 million financing

On January 19, 2023, Notch raised $13.7 million in an all equity round led by Portage and saw participation from Golden Ventures, Math Ventures, Accomplice, Pre-Cursor Ventures, Garage Capital and Plexo Capital. The company plans to utilize the funding strengthen their platform and...

Lead Office: Toronto Date Closed: January 19, 2023 Value: $13.7 million

Waabi Innovation Inc. in connection with Volvo Group Venture Capital AB’s investment

On January 18, 2023, Waabi Innovation Inc. received an investment of an undisclosed amount from Volvo Group Venture Capital AB, the car-maker’s venture capital arm. This is Waabi’s first automaker investor and will increase their valuation significantly. Through this investment, Waabi plans on...

Lead Office: Toronto Date Closed: January 18, 2023 Value: -

Evok Innovations Inc. and BDC Capital’s Climate Tech Fund in connection with Summit Nanotech Corporation’s US$50-million Series A2 funding

On January 18, 2023, Summit Nanotech Corporation announced that they raised US$50 million in a Series A2 financing round. This round was led by EVOK Innovations Inc. and BDC Capital’s Climate Tech Fund with participation from Xora Innovation, Capricorn Investment Group, Volta Energy...

Lead Office: Toronto Date Closed: January 18, 2023 Value: $50 million

Winterlight Labs in its £7-million business combination with Cambridge Cognition Holdings plc

On January 11, 2023, Winterlight Labs announced that it was acquired by Cambridge Cognition Holdings plc for £7 million. This value is comprised of a cash payment of £3 million and £4 million of Cambridge Cognition shares. Collectively, the companies aspire to create digital health products to...

Lead Office: Toronto Date Closed: January 11, 2023 Value: £7 million

Excellon Resources Inc. in its US$50-million acquisition of La Negra Mine in Mexico

On January 9, 2023, Excellon Resources Inc. announced that it had entered into a definitive agreement to acquire the past producing La Negra Mine in Querétaro State, Mexico. Excellon will acquire Minera La Negra S.A. de C.V., the holding company of the mine, from Dalu S. à r.l., an entity managed...

Lead Office: Toronto Date Closed: January 9, 2023 Value: US$50 million

Radical Ventures in its launch of a US$550 million fund

On January 9, 2023, Radical Ventures announced that it had launched a fund that is focused on artificial Intelligence (AI) companies and is aiming to raise US$550 million.Radical Ventures is a Toronto-based venture capital firm that invests in deep tech.Osler, Hoskin & Harcourt LLP...

Lead Office: Toronto Date Closed: January 9, 2023 Value: US$550 million