Andrew Irwin Andrew Irwin

Xanadu in its cross-border de-SPAC transaction

On November 3, 2025, Xanadu Quantum Technologies Inc. (Xanadu) announced its going-public transaction by way of a business combination with Crane Harbor Acquisition Corporation (Crane Harbor), a special-purpose acquisition corporation (SPAC) listed on the Nasdaq Stock Market. The transaction...

Lead Office: Toronto Date Announced: November 3, 2025 Value: US$3 billion

Blue J in its raising of US$122-million Series D financing

On August 4, 2025, Blue J announced it raised US$122 million Series D financing in a round led by Oak HC/FT and Sapphire Ventures and saw participation from Intrepid Growth Partners and previous investors Ten Coves Capital and CPA.com. It is noted that Blue J doubled its revenue and customer...

Lead Office: Toronto Date Announced: August 4, 2025 Value: US$122 million

Vessel in its raising of US$7.5-million Seed financing

On June 10, 2025, Vessel announced it raised US$7.5 million in a Seed financing round co-led by Inovia Capital and Afore Capital. The round also had participation from BY Venture Partners, FJ Labs, Golden Ventures, Telegraph Hill Capital and Four Cities Capital. Vessel plans to use the new...

Lead Office: Toronto Date Announced: June 10, 2025 Value: US$7.5 million

Collective Project Limited in its acquisition by Organigram Holdings Inc.

On April 1, 2025, Collective Project Limited announced its acquisition by Organigram Holdings Inc. The acquisition, valued at approximately $6.2 million in upfront consideration and a total deal value of $30 million including earnout, grants Organigram an immediate presence in the United States...

Lead Office: Toronto Date Announced: April 1, 2025 Value: $30 million

Pocketed (deepND) in its acquisition by Deloitte Canada

On March 10, 2025, Deloitte Canada announced the acquisition of Pocketed (deepND Inc.). Pocketed’s matching program and AI-powered capabilities will enhance Deloitte’s ability to deliver value to clients by expanding the firm’s grant and SR&ED suite of services, whilst enabling Pocketed...

Lead Office: Vancouver Date Announced: March 10, 2025 Value: --

StructureFlow in its acquisition of Blue J Diagramming

On February 18, 2025, StructureFlow announced its acquisition of the Blue J Diagramming platform from Blue J Legal. Following this acquisition, Blue J Diagramming customers will be migrated to StructureFlow, which is part of a greater strategic shift to leverage its generative AI solution for tax...

Lead Office: Toronto Date Announced: February 18, 2025 Value: --

Blue J in its securing of Series C financing from Ten Coves Capital

On December 17, 2024, Blue J announced its securing of its Series C investment round led by Ten Coves Capital. This investment will be used for advancing Blue J’s goal of advancing tax research using artificial intelligence technology. Blue J operates as a leading provider of generative...

Lead Office: Toronto Date Announced: December 17, 2024 Value: --

Boosted.ai in its US$15-million bridge financing

On November 25, 2024, Boosted.ai announced it raised US$15 million of financing. This all-equity round had participation from Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada and HarbourVest Partners, as well as “certain fund(s)” managed by Fidelity Investments...

Lead Office: Toronto Date Announced: November 25, 2024 Value: US$15 million

Reactiv in its raising of $5 million of Seed funding

On October 28, 2024, Reactiv announced its raising of $5 million of Seed funding. This financing round was led by Bonfire Ventures and saw participation from Foxe Capital and Anthemis, Daher Capital and Alumni Ventures. The company plans on utilizing the funding towards its meeting the demand for...

Lead Office: Toronto Date Announced: October 28, 2024 Value: $5 million

Fable in its raising of US$25 million of Series B financing

On October 16, 2024, Fable announced that it raised US$25 million of Series B financing with the sole participant being Five Elms Capital. The company will utilize this new capital towards providing support for individuals with hearing and cognitive disabilities. Furthermore, the company will...

Lead Office: Toronto Date Announced: October 16, 2024 Value: US$25 million