Emerging and High Growth Companies

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The Emerging and High Growth Companies Group at Osler is passionate about entrepreneurship and supporting the growth of early and growth stage ventures. Ranked Band 1 in Chambers Canada and located in offices across the country, including Toronto, Vancouver, Montréal, Ottawa and Calgary, our knowledgeable and experienced team members share their insights and expertise with emerging companies to drive business value and to ensure long-term success.

Our group works closely and collaboratively with our Venture Capital teams to help clients recognize, develop and move forward on significant and innovative venture capital opportunities. We advise both emerging and high growth companies and investors nationwide on the unique issues involved in venture capital deals. Osler was ranked as the number one Canadian law firm in the inaugural global venture capital league tables, being the only Canadian firm  ranked among the top five firms globally as advisor to both companies and investors.

We represent entrepreneurs and emerging and growth stage companies nationwide covering a broad spectrum of knowledge-based industries, supporting them through the stages of their lifecycle, providing legal advice on a wide range of issues and requirements faced along the way:

Laying the foundation

Osler’s Startup Package is designed to get your venture off to the right start.

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Protecting your product

You have worked hard to establish your product, and Osler’s leading Intellectual Property and Trademark teams will help you protect what you have built.

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Addressing Risk & Maintaining Compliance

Osler’s Privacy & Data Management team, will help you address the privacy & anti-spam issues that can often arise at various stages of a company’s lifecycle.

Building your team

Osler’s leading  Employment and Labour lawyers will support you in the hiring and management of your team.

Contracting

Our Osler TechSure™ and RetailScale™ teams will help you negotiate contracts with your customers.

Raising funds

Osler’s renowned Venture Capital lawyers focus on getting your deal over the finish line.

Exit

We are a leading firm for M&A transactions and IPOs.

 

Osler has vibrant and ongoing relationships with the most prominent players in both Canada and the United States, including:

  • leading venture capital funds
  • growth equity funds
  • private equity funds
  • pension funds
  • major corporations
  • institutions
  • growing private companies, and
  • IPOs

Through our established national network, our clients have access to potential funders, as well as to other sources of capital, service providers, potential board members, executives, customers and suppliers. Our strong legal referral community includes both international and domestic clients looking for business opportunities in Canada. 

Osler’s transactional deal flow

Osler acts for more than 1,500 early, growth and late-stage ventures and venture investors across Canada, United States and around the world. In the last five years, we have acted on more than 940 angel, venture and private equity financings. In 2022, despite the continued effects of COVID-19 on the fundraising landscape, Osler advised on 301 deals with more than $5.48 billion raised by EHG companies.

A summary of these deals is provided below.

Startup program for emerging companies

At Osler, we believe that establishing a foundation for your venture is the key to your future success. That is why we have carefully designed our startup-program to get your venture up and running as quickly as possible, taking into account the standards for venture-backed companies.

Our startup program reflects our long-term commitment when working with emerging companies by providing the highest level of strategic advice and service on a fixed-fee basis. Even after an emerging company has graduated from the program, we are proactive in considering our clients needs and we will continue to deliver legal services on, as much as possible, a competitive fixed-fee basis or a recurring monthly fee basis (instead of the traditional hourly rate model) to provide cost certainty as the company scales and throughout its lifecycle.

Notable graduates of our startup program which have gone on to be successful enterprises include Wealthsimple, Clearco, Xanadu and ApplyBoard.

 

First of its kind

Osler’s Emerging and High Growth Companies Group is proud to have worked on the following deals that were notably mentioned for being the largest or first of its kind.

  1. Verafin – in its sale to NASDAQ for US$2.75B – the largest private tech M&A transaction.
  2. ApplyBoard – in its $100M Series C financing – led the company to a valuation of $2B, obtaining unicorn status.
  3. Wealthsimple – in its $114M equity financing – led the company to a valuation of $1.4B, obtaining unicorn status.
  4. Prodigy – in its $159M Series B financing – one of the largest raises in the Canadian EdTech space.
  5. Waabi – in its US$83.5M Series A financing - one of the largest Series A rounds ever raised by a Canadian startup.
  6. Symend – in its $73M Series B financing – one of the largest Series B rounds in Alberta history.

Many of Osler’s Emerging and High Growth clients are leading the way in fighting COVID-19. We are proud to work with these innovative companies that are at the forefront of fighting this disease with made-in-Canada solutions.

Supporting innovation nationwide

As part of our commitment to Canada’s broader community of entrepreneurs, Osler sponsors a number of programs and organizations across the country that are dedicated to supporting emerging companies. We are committed to the idea that founders with passion, vision and a plan can access the legal and business guidance they need to launch their venture.

Osler helped launch and continues to support the following:

NEXT Canada (Next 36, Next AI and Next Founders), a non-profit charity that helps identify and fast-track the development of Canada’s most talented young innovators.

Creative Destruction Lab (CDL Toronto, CDL Rockies and CDL-Vancouver), a seed stage program for massively scalable science and technology-based companies.

We are also partnering with a number of early stage accelerators such as:

Forum Funds, a SaaS-focused accelerator which provides entrepreneurs with an opportunity to connect with an extensive network of enterprise companies, mentors and investors within the early stage B2B SaaS and enterprise technology space; and

L-Spark, another leading SaaS-focused accelerator which is dedicated to connecting Canada’s SaaS experts to market ready SaaS and cloud companies.

Osler also works with programs to promote women-led businesses such The 51, a “Financial Feminist” platform where investors and entrepreneurs work together to connect women-led capital for women-led businesses.

As well, Osler is a founding sponsor of The Next Big Thing, an entrepreneur-led foundation committed to the next generation of Canadian entrepreneurs. We are committed to working with our fellow sponsors at these and other ventures, such as TandemLaunch, Peerscale (formerly AceTech Ontario), League of Innovators, CIX and the C100, to ensure that founders can access the support they need to launch their venture.


Deals

Osler represents companies and venture capital funds and investors from the pre-seed stage, right through to the high growth and exit stage. Our portfolio of experience demonstrates the broad range of deals and sectors that we have assisted and our ability to help companies to scale their business. Read about a selection of our recent deals below, or access the full list of representative work in the Deals & Cases section of this page.

Pre-Seed

  • ALT TEX in its $1.5 million financing
  • Snack in its US$3.5 million investment

Seed

Series A

  • Waabi in its launch and US$83.5 million Series A financing round
  • EVAH in its $20 million Series A financing round

Series B

  • Blockstream in its US$210 million Series B financing round
  • Canada Drives in its $100 million Series B funding round led by Honor Ventures           

Series C & Beyond

M&A and Exits

 

Industries we support

 

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Chad Bayne

Partner, Emerging and High Growth Companies

Toronto

Mark Longo

Partner, Emerging and High Growth Companies

Vancouver

Nathalie Beauregard

Partner, Emerging and High Growth Companies

Montréal

Manveer S. Bisla

Counsel, Emerging and High Growth Companies

Vancouver

Jean-Nicolas Delage

Partner, Emerging and High Growth Companies

Montréal

Justin Dharamdial

Partner, Emerging and High Growth Companies

Toronto

Jacques Du Plessis

Partner, Emerging and High Growth Companies

Vancouver

Michael Grantmyre

Partner, Emerging and High Growth Companies

Calgary

Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate

Montréal

Christian Jacques

Partner, Emerging and High Growth Companies

Montréal

David Jamieson

Partner, Emerging and High Growth Companies

Toronto

Gary Marshall

Partner, Emerging and High Growth Companies

Toronto

André Perey

Partner, Emerging and High Growth Companies

Toronto

Chima Ubani

Partner, Emerging and High Growth Companies

Montréal

Ryan Unruch

Partner, Emerging and High Growth Companies

Toronto

Ed Vandenberg

Partner, Emerging and High Growth Companies

Ottawa

Laura Webb

Partner, Emerging and High Growth Companies

Vancouver

Justin D. Young

Partner, Emerging and High Growth Companies

Vancouver

  • Active Impact

    Active Impact in its securing of over $70 million for its third fund

  • 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

  • Properly

    Properly in its business combination with Pine

  • 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

  • Erthos

    Erthos in its $6.5 million Series A financing round

  • Luge Capital Inc.

    Luge Capital in its closing of $71 million of its target $100 million fund

  • Simmunome

    Simmunome in its securing $2 million of pre-seed funding

  • Daylight Automation

    Daylight Automation in its acquisition by Quadient

  • Ontopical

    Ontopical in its raising of $3.3 million in a seed extension financing round

  • Parity Inc.

    Parity Inc. in its closing of a US$4 million loan facility from NY Green Bank

  • Northside Ventures

    Northside Ventures in its launch of US$6.25 million fund

  • FlipGive

    FlipGive in its $5 million Series B financing round

  • Passage

    Passage in its $40 million Seed financing round

  • Ideogram

    Ideogram in its launching of their platform with $22.3 million of seed funding

  • Voiceflow Inc.

    Voiceflow Inc. in its raising of US$15 million

  • Innerspace

    Innerspace in its $10 million Series A financing round

  • Solink

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

  • Vital Biosciences

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

  • ProShop ERP

    ProShop ERP (Adion Systems Inc.) in its CAD$42 million growth investment from Mainsail Partners

  • Metafold

    Metafold in its of US$1.78 million in Seed financing

  • Cloud Imperium Group

    Cloud Imperium Group in its acquisition of Turbulent

  • Shakudo

    Shakudo in its US$7.2 million Series A financing round

  • Hearst Ventures

    Hearst Ventures in connection with Optable’s $20 million Series A financing round

  • Find More

  • Chambers Canada: The World's Leading Lawyers for Business: Recognized in Startups & Emerging Companies (Band 1)
  • Refinitiv: Recognized as the #1 Canadian law firm in the Global Venture Capital League Tables