Jennifer Humphrey Jennifer Humphrey

Xaba in its $8-million Seed extension financing

On April 14, Xaba announced it raised $8 million in a Seed extension financing led by Hitachi Ventures and with participation from Hazelview Ventures, the Crown corporation BDC Capital, Exposition Ventures and Impact Venture Capital. Xaba plans to use the financing towards improving the...

Lead Office: Toronto Date Announced: April 14, 2025 Value: $8 million

Cents in its acquisition of Laundroworks

On August 8, 2024, Cents announced it had acquired Laundroworks, a hardware-based payments system powering how consumers pay for laundry at laundromats and shared laundry rooms within multi-family buildings, hotels, universities and more, to reinforce its existing hardware product line. Cents...

Lead Office: Toronto Date Announced: August 8, 2024 Value: --

Cohere announced it has raised US$500 million in its Series D financing round at a US$5.5-billion valuation

On July 22, 2024, Cohere announced that it closed its Series D financing round, raising US$500 million with a US$5.5-billion valuation. The round was led by PSP Investments and included investments from NVIDIA, Fujitsu, Cisco, AMD Ventures and Export Development Canada. This round of financing...

Lead Office: Toronto Date Announced: July 22, 2024 Value: US$500 million

Flosonics Medical’s US$20-million Series C funding round with participation from iGan Partners and Genesys Capital

On March 20, 2024, Flosonics Medical announced it raising of US$20 million in a Series C financing round. This round was led by New Leaf Venture Partners and saw participation from Genesys Capital, iGan Partners and Arboretum Ventures. Flosonics Medical will utilize the funding towards product...

Lead Office: Toronto Date Announced: March 20, 2024 Value: $20 million

Ideogram in its closing of a $80 million Series A financing round

On February 28, 2024, Ideogram announced its closing of a $80 million Series A financing round. The company also released its update to its text-to-image generation platform and new subscription model. Ideogram is an artificial intelligence company whose platform offers state-of-the-art...

Lead Office: Toronto Date Closed: February 28, 2024 Value: 80 million

Float in its closing of a $50-million credit facility from Silicon Valley Bank

On February 13, 2024, Float announced that it closed a $50-million credit facility from Silicon Valley Bank. This capital will allow for Float to expand its no-personal-guarantee credit program, Charge Card, which will offer small and medium-sized businesses up to 30 days of interest-free...

Lead Office: Toronto Date Announced: February 13, 2024 Value: $50 million

Xaba Inc. in its closing of a $2 million seed extension round

On January 9. 2024, Xaba Inc. announced it had closed a US$2 million seed extension round, led by BDC Capital’s Deep Tech Venture Fund with participation from Hitachi Ventures and Hazelview Ventures. The investment amount will be used to establish and staff a new robotics lab and to accelerate...

Lead Office: Toronto Date Announced: January 9, 2024 Value: US$2 million

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

On August 24, 2023, Ideogram launches its platform with $22.3 million of seed funding. This round was led by a16z and Index Ventures and saw participation from AIX Ventures, Golden Ventures, and Two Small Fish Ventures. The company plans on utilizing the funding for their generative artificial...

Lead Office: Toronto Date Closed: August 24, 2023 Value: $22.3 million

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

On June 21, 2023, Optable announced that it raised $20 million in a Series A financing round from a syndicate of investors which included among other Hearst Ventures, Brightspark Ventures, Desjardins Capital, Deloitte Ventures and asterX. Optical plans to utilize this funding towards their...

Lead Office: Toronto Date Closed: June 21, 2023 Value: $20 million

Cohere in its announcement of raising of US$270 million in a Series C financing round

On June 8, 2023, Cohere announced that it raised US$270 million in a Series C financing round. This round was led by iNovia Capital with additional participation from other institutional and strategic investors, including NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders...

Lead Office: Toronto Date Closed: June 8, 2023 Value: US$270 million