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Tailscale in its US$160-million Series C financing

On April 8, 2025, Tailscale announced that it raised US$160 million of Series C financing. This round was led by Accel and had participation from returning investors including CRV, Insight Partners, Heavybit and Uncork Capital. Tailscale plans to utilize the funding towards its global expansion...

Lead Office: Toronto Date Announced: April 8, 2025 Value: US$160 million

Agnostiq Inc. in its acquisition by DataRobot

On February 10, 2025, DataRobot announced that it acquired Agnostiq. Through this acquisition, the company plans to advance its agentic AI application with compute orchestration and optimization. Agnostiq develops software to make quantum and high-performance computing resources easily...

Lead Office: Toronto Date Announced: February 10, 2025 Value: --

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: October 18, 2024 Value: $6 million

Nomic Bio in its raising of $42 million in a Series B financing round

On September 17, 2024, Nomic Bio announced its closing of a $42-million Series B financing round. This round was led by a U.S.-based life-sciences-focused investor and also saw participation from Amplitude Ventures, AVANT BIO, Lux Capital, Real Ventures and SR One. Through this funding, the...

Lead Office: Toronto Date Announced: September 17, 2024 Value: $42 million

Difenda in its acquisition by Quorum Cyber

On September 13, 2024, Quorum Cyber announced its acquisition of Difenda. Collectively the companies will strengthen their leadership position as a leader of Microsoft Security services and accelerate its global expansion and scale meaningfully into new regions. Difenda is a Microsoft Security...

Lead Office: Toronto Date Announced: September 13, 2024 Value: --

Waabi in its raising of US$200 million in a Series B Financing Round

On June 18, 2024, Waabi announced it has raised US$200 million in an oversubscribed Series B Financing round. This round was led by Uber and Khosla Ventures and saw participation from NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments. The...

Lead Office: Toronto Date Announced: June 18, 2024 Value: US$200 million

ArenaX Labs in its closing of a $6 million financing round

On January 12, 2024, ArenaX Labs announced the closing of a $6 million financing round led by Framework Ventures. This round also saw participation from SevenX Ventures, FunPlus, Xterio, and Moore Strategic Ventures. The company plans to utilize the funding towards developing ArenaX Labs’...

Lead Office: Toronto Date Closed: January 12, 2024 Value: $6 million

Koho Financial in its raising of $86 million in a Series D funding round

On December 7, 2023, Koho Financial announced it raised $86 million in a Series D financing round. This is an all-primary, all equity round that consisted of new and existing investors including Portage, BDC, Drive Capital, Eldridge Industries, HOOPP, Round13, and TTV. Koho Financial plans...

Lead Office: Toronto Date Closed: December 8, 2023 Value: $86 million

Ionomr Innovations Inc. and NGIF Cleantech Ventures in Ionomr’s $20 million Series A-4 financing round led by NGIF Cleantech Ventures

On December 5th 2023, Ionomr Innovations announced it has closed a US$20 million Series A-4 funding round, led by NGIF Cleantech Ventures and Pallasite Ventures. The funding will allow Ionomr to further scale its ion-exchange membranes and polymers, that are fundamental to accelerating the...

Lead Office: Vancouver Date Announced: December 5, 2023 Value: $20 million

Shakudo in its US$7.2 million Series A financing round

On July 5, 2023, Shakudo announced the completion of a US$7.2 million Series A financing round that was led by GreatPoint Ventures. The round had support from England’s RTP Global, Golden Ventures and Parade Ventures. Pursuant to the round, Shakudo plans to use the funding towards...

Lead Office: Toronto Date Closed: July 5, 2023 Value: US$7.2 million