Venture Capital

Miru Smart Technologies in its US $20-million Series A financing co-led by BDC Capital and TNG Capital Corp.

On August 8, 2024, Miru Smart Technologies (Miru) announced the closing of its US$20-million Series A financing round. The round was co-led by BDC Capital and TNG Capital Corp, with participation from Greensoil Proptech Ventures. The investment will enable Miru to establish new pilot lines in...

Lead Office: Vancouver Date Announced: Aug 8, 2024 Value: US $20 million

Clio in its record-setting US$900-million Series F investment round led by New Enterprise Associates (NEA)

On July 23, 2024, Clio announced the closing of its US$900-million Series F investment round, at a US$3-billion valuation, led by New Enterprise Associates (NEA) and including new investors Goldman Sachs Asset Management, Sixth Street, CapitalG, and Tidemark. This deal represents the largest...

Lead Office: Vancouver Date Announced: Jul 23, 2024 Value: US$900 million

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: Jul 22, 2024 Value: US$500 million

Artificial Agency in its raising of $17 million of Seed Funding

On July 18, 2024, Artificial Agency announced it raised $17 million in a seed funding round that was led by Radical and Toyota Ventures. This round also had participation from Flying Fish VC and BDC Capital’s Deep Tech Fund and had follow-on support from Tirta and Kaya. The financing will be...

Lead Office: Calgary Date Announced: Jul 18, 2024 Value: $17 million

PathFactory in its strategic acquisition of Uberflip

On July 15, 2024, PathFactory announced its strategic acquisition of UberFlip, which was conducted through a stock-for-stock transaction. The combined entity, which will lead under the PathFactory name will be strongly positioned to equip B2B buyers. PathFactory is a prominent content...

Lead Office: Toronto Date Announced: Jul 15, 2024 Value: --

e-Zinc in its raising of US$31 million in an oversubscribed Series A2 round led by Evok Innovations

On June 27, 2024, e-Zinc announced it raised US$31 million on an oversubscribed Series A2 round led by Evok Innovations. This round also saw participation from Mitsubishi Heavy Industries, Export Development Canada, Ultratech Capital Partners, Toyota Ventures, Eni Next, Anzu Partners, BDC,...

Lead Office: Toronto Date Announced: Jun 27, 2024 Value: US$31 million

Parity Inc. in its securing of $25 million of Series B Funding

On June 12, 2024, Parity Inc. announced that it closed its $25 million Series B financing round led by Idealist Capital, joining current investors ArcTern Ventures, Wyse Meter Solutions, and RET Ventures. The proceeds of this financing will be used towards advancing the creation of...

Lead Office: Montreal Date Announced: Jun 12, 2024 Value: $25 million

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: Jun 18, 2024 Value: US$200 million

ResVR in its oversubscribed financing seed round of $1.7 million

On June 6, 2024, ResVR announced a series of financings that closed a total of $1.7 million in aggregate. This consists of $1.43 million in pre-seed and seed funding and $270,000 in non-dilutive capital. The funding was led by Inverted Ventures and Weave VC and saw participation from Bluesky...

Lead Office: Calgary Date Announced: Jun 6, 2024 Value: $1.7 million

Raven Indigenous Outcomes Funds in its securing of $20.4 million for its first fund

On June 5, 2024, Raven Indigenous Outcomes Funds (RIOF) announced that it had closed $20.4 million for its first fund out of its goal of $50 million. Investors in the first close included Boann Social Impact, Trottier Family Foundation, Lawson Foundation, the Christensen Fund, and the Sorenson...

Lead Office: Vancouver Date Announced: Jun 5, 2024 Value: $20.4 million