Emerging and High Growth Companies

KisoJi in its raising of $57-million Series B financing

On December 6, 2024, KisoJi announced it raised $57 million of Series B financing. This round was co-led by Investissement Québec and Lumira Ventures. The round also saw participation from Fonds de solidarité FTQ, adMare BioInnovations and Remiges Ventures. The company plans on utilizing the...

Lead Office: Montreal Date Announced: Dec 6, 2024 Value: $57 million

SRTX in its US$25-million convertible debt financing

On December 3, 2024, SRTX announced that it secured US$25 million in convertible debt financing from Investissement Québec, the Québec government’s investment arm. The company plans on utilizing the funding to scale its wholesale manufacturing operations. SRTX is a Montréal-based company...

Lead Office: Toronto Date Announced: Dec 3, 2024 Value: US$25 million

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: Nov 25, 2024 Value: US$15 million

Mistral Venture Partners in connection with runQL raising of $1.6 million of pre-seed funding

On November 12, 2024, RunQL announced it raised $1.6 million of pre-seed funding in a round led by Mistral Venture Partners. This also included participation from MaRS Investment Accelerator Fund, Inovia Capital, University of Waterloo Velocity Fund, Philip Rathle, CTO of Neo4j and other...

Lead Office: Toronto Date Announced: Nov 12, 2024 Value: $1.6 million

Neo Financial Technologies in its raising of $362 million in Series D financing

On November 11, 2024, Neo Financial Technologies announced its raising of $362 million in a Series D financing round. This financing is composed of $112 million of equity and $250 million in debt. The company plans on utilizing the funding towards expanding its offerings to Canadians. The...

Lead Office: Toronto Date Announced: Nov 11, 2024 Value: $362 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: Oct 28, 2024 Value: $5 million

Impression Ventures in connection with Ned’s $4.2-million Seed financing

On October 22, 2024, Ned announced it secured $4.2 million of Seed financing in a round led by Impression Ventures. This round also saw participation from Capital Eleven. This financing is a critical point in the financial services sector as lenders are aiming to scale loan books and qualify...

Lead Office: Toronto Date Announced: Oct 22, 2024 Value: $4.2 million

Phaseshift Technologies in its closing of $4.1 million of Seed financing

On October 21, 2024, Phaseshift Technologies announced its closing of $4.1 million of Seed financing. This round was led by Innospark Ventures and saw participation from Draper Associates and First Star Ventures. There was additional support from angel investors through Hustle Fund Angel Squad....

Lead Office: Toronto Date Announced: Oct 21, 2024 Value: $4.1 million

Rhino Ventures as lead investor in MyFO’s $3.5-million Seed funding round

On October 18, 2024, MyFO announced the closing of its $3.5-million Seed funding round led by Rhino Ventures. The funding will enable MyFO to expand its team, scale its operations to support a growing user base and deepen its product offering.MyFO, based in Vancouver, B.C., is the fastest-growing...

Lead Office: Vancouver Date Announced: Oct 18, 2024 Value: $3.5 million

Wyvern in its raising of a US$6-million financing

On October 18, 2024, Wyvern announced its raising of a US$6-million strategic investment round. This funding was led by Squadra Ventures and saw participation from Uncork Capital, Y Combinator, the College of Alberta Innovation Fund, Speed up Fund III and Brent Perrot. The company plans to utilize...

Lead Office: Toronto Date Announced: Oct 18, 2024 Value: $6 million