Andrew Irwin Andrew Irwin

Q4 Inc. in its IPO on the TSX

On October 29, 2021, Q4 Inc. completed its initial public offering of common shares on the Toronto Stock Exchange. Pursuant to the offering, Q4 raised gross proceeds of approximately $100 million. Q4 plans to use the proceeds to repay debts related to its credit facilities and pursue its growth...

Lead Office: Toronto Date Closed: October 29, 2021 Value: $100 million

Alida in its $20 million Series D financing round

On October 13, 2021, Alida, rebranded from Vision Critical in 2020, announced it had completed its $20 million Series D financing round led by Round13 Growth Fund, a late-stage growth equity investment fund, part of the Round13 Capital family of funds. The financing round will accelerate...

Lead Office: Toronto Date Closed: October 13, 2021 Value: $20 million

Blue J Legal in its US$9 million Series B financing round

On August 10, 2021, Blue J announced it had completed its US$9 million Series B financing round led by Generation Ventures and including participation from Relay Ventures, Mistral Venture Partners and LDV Partners. The funding will be used to accelerate the development and adoption of Blue...

Lead Office: Toronto Date Closed: August 10, 2021 Value: US$9 million

Notch in its US$10 million financing round

On July 27, 2021, Notch, an all-in-one software solution that digitally orders wholesale food supplies for restaurants and distributors, announced it had completed its US$10 million financing round led by Accomplice and BDC Capital. The capital raised will allow Notch to bring more supply...

Lead Office: Toronto Date Closed: July 27, 2021 Value: US$10 million

Joyride in its US$3.7 million funding round

On June 23, 2021, Joyride announced it had completed its US$3.7 million funding round led by Proexa Ventures and Urban Innovation Fund. The all-equity funding included participation from Lill Ventures, Eva Lau and Allen Lau through Two Small Fish Ventures, and Craig Miller’s Something...

Lead Office: Toronto Date Closed: June 23, 2021 Value: US$3.7 million

Xanadu in its US$100 million Series B Financing

On May 25, 2021, Xanadu secured US$100 million in a Series B financing round led by Bessemer Venture Partners. The funding will be used to help accelerate the development of Xanadu’s photonic quantum computer, amid a global race to commercialize the technology. Founded in 2016, Xanadu Quantum...

Lead Office: Toronto Date Closed: May 25, 2021 Value: US$100 million

Promise Robotics in its strategic investment by PSP Investments and Radical Ventures

On March 17, 2021, Promise Robotics, platform for the robotic manufacturing of houses and building components, announced its strategic investments from PSP Investments and Radical Ventures. This investment will allow Promise Robotics to build a team to develop core robotics technologies and...

Lead Office: Toronto Date Closed: March 17, 2021 Value: -

Snapcommerce in its US$85 million financing round

On March 4, 2021, Snapcommerce announced it had completed its US$85 million financing round. The funding was co-led by Inovia Capital through its Growth Find I and by Lion Capital. The growth financing will allow Snapcommerce to expand beyond the travel space and invest in its broader...

Lead Office: Toronto Date Closed: March 4, 2021 Value: US$85 million

Cambridge Brain Science in its round of expansion capital

On March 1, 2021, Cambridge Brain Sciences announced it closed a new round of expansion capital from Canadian Shield Capital, a Toronto-based private equity investment firm, closely aligned to Hatch, a global engineering consultancy. This institutional financing round will allow CBS to...

Lead Office: Toronto Date Closed: March 1, 2021 Value: -

Borrowell’s acquisition of Refresh Financial

On December 15, 2020, Borrowell announced it is acquiring Refresh Financial. The acquisition will integrate Refresh into Borrowell, increasing the breadth and accessibility of Borrowell’s offering by providing its user base with a way to build credit history and access payment...

Lead Office: Toronto Date Closed: February 22, 2021 Value: -