Venture Capital

Overview

Osler has a leading venture capital team dedicated to helping investors and emerging companies recognize, develop and realize upon significant and innovative venture capital opportunities. We have worked on more than 150 VC deals over the past three years, representing more than $1.6 billion of investment in Canadian private companies.

We advise clients in the information technology, life sciences, biotechnology, cleantech and alternative energy sectors and have worked with numerous SR&ED-based financings and collaborative research arrangements that access these and related funding sources. Our team advises both investors and Canadian companies accessing private capital on the unique issues involved in venture capital deals. In addition to working with Canadian funds, we also advise many U.S. funds on their Canadian investments and in M&A transactions for portfolio companies.

Cross-Border Expertise / Mergers and Acquisitions

Osler has pioneered some of Canada’s most innovative structures to accommodate the unique regulatory and tax constraints that affect cross-border investments. We have the know-how and experience to help U.S. and other foreign investors take equity positions in Canadian companies in ways that satisfy their tax objectives (both on the way into a Canadian venture and also with an eye to any potential exit transaction) and that also preserve relevant tax attributes of the Canadian business. Whether as counsel to a Canadian business or to the lead investors in that business, we have played a significant role in many of the notable M&A transactions involving venture-backed Canadian companies.

Fund Formation

Our venture capital team has worked closely with the managers of leading Canadian-focused funds on their fund formation activities. Our strong deal flow means that we are always on top of market practice, including issues as to fund structure, manager compensation, governance arrangements for the management/GP entity and the amount and structuring of carried interests. We also advise Canadian and U.S. private equity funds on acquisitions and divestitures of portfolio investments, on managing third-party funds and on secondary sale transactions.

Emerging Companies

In addition to our work with established companies, we work closely with emerging companies throughout their growth cycle to provide practical and cost-effective advice on all aspects of their development, including corporate structure, financing, IP, human resources, commercial matters and the preparation for and execution of IPO and M&A transactions.

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Related Expertise

Robert Lehodey Q.C.

Partner, Corporate
Calgary

Ed Vandenberg

Partner, Corporate
Ottawa

Chad Bayne

Partner, Emerging and High Growth Companies
Toronto

Shahir Guindi Ad. E.

National Co-chair
Montréal

André Perey

Partner, Emerging and High Growth Companies
Toronto

Mark Longo

Partner, Emerging and High Growth Companies
Vancouver
  • Verafin

    Verafin in its $515 million venture funding - the largest venture funding deal in Canada’s history

  • Fitplan

    Fitplan in its $4.5 million financing led by ARod, Corazon Capital and Mark Mastrov

  • TeraXion Inc.

    TeraXion in its restructured share-capital and finalized succession plan with support from BDC Capital and CIBC

  • Napier Park Global Capital

    Napier Park Global Capital in its additional $7.9 million financing of 7shifts

  • Element AI Inc.

    Element AI in its $200 million Series B financing round

  • Clio

    Clio in its record-setting US$250 million Series D equity financing from TCV and JMI

  • ODAIA

    ODAIA in its $1.6 million Seed round financing

  • Meritz Securities Co., Ltd.

    Meritz Securities Co., Ltd. in its $560 million financing of The One building

  • Acton Capital Partners

    Acton Capital in its $14.5 million financing round for Maple

  • Goldman Sachs Growth Equity

    Goldman Sachs Growth Equity in connection with Trulioo’s $70 million Series C financing

  • Airgraft Inc.

    Airgraft in its $33 million Series B financing

  • ePACT Network Ltd.

    ePACT Network Ltd. in its $4.5 million Series A funding round led by Yaletown Innovation Growth and Disruption Ventures

  • Interface Fluidics Limited

    Interface Fluidics Limited in its $6 million Series A financing

  • Drop Technologies Inc.

    Drop Technologies Inc. in $44 million Series B round of capital financing

  • Nudge Rewards Inc.

    Nudge Rewards Inc. in its US$9.3 million financing round

  • BlueDot Inc.

    BlueDot in its US$7 million Series A financing round

  • Properly Inc.

    Properly Inc. in its $22 million Series A financing round

  • SomaDetect Inc.

    SomaDetect in its $2.6 million financing round

  • Coatue Management L.L.C.

    Attabotics in its $25 million Series B Financing

  • Clearbanc

    Clearbanc in its US$50 million equity financing

  • Vendasta Technologies Inc.

    Vendasta Technologies Inc. in its $40 million growth funding

  • ProteinQure

    ProteinQure in its US$4 million Seed round

  • FlipGive Inc.

    FlipGive in its $5 million Series A financing

  • Radical Ventures

    Radical Ventures in RoadBotics’ US$7.5 million Series A financing

  • Manzil

    Manzil in its $1.15 million Seed round

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Refinitiv

  • Refinitiv: #1 Canadian law firm in the Global Venture Capital League Tables