Arteria AI in its $46 million Series B financing round

On October 26, 2023, Arteria AI announced a $46 million Series B financing round led by GGV Capital and was supported by Illuminate Financial, Information Venture Partners (Information VP), BDC Capital, and Citi. The company plans on using the funding towards its market and product development...

Lead Office: Toronto Date Closed: October 26, 2023 Value: $46 million

CentML in its securing of $37 million of seed funding

On October 25, 2023, CentML announced it has secured $37 million in seed funding in a round led by Gradient Ventures, Google’s AI-focused venture fund. The round also had participation from Nvidia, Deloitte Ventures, Thomson Reuters Ventures and existing backer, Radical Ventures.CentML...

Lead Office: Toronto Date Closed: October 25, 2023 Value: $37 million

Procurify in its closing of a $68 million Series C financing round

On October 17, 2023, Procurify announced that it closed a $68 million Series C financing round. This all-equity, all-primary round was led by United States-based FinTech investor Ten Coves Capital and included a co-investment from fellow new investor Export Development Canada. The round also saw...

Lead Office: Toronto Date Closed: October 17, 2023 Value: $68 million

Significant decision at the Supreme Court of Canada: five judge majority finds the Impact Assessment Act unconstitutional

On October 13, 2023, The Supreme Court of Canada released its reasons opining on the constitutionality of the federal Impact Assessment Act, SC 2019, c 28, s 1 and Physical Activities Regulations, SOR/2019-285 (together, the IAA).A majority of the Court, comprised of five judges, held that...

Lead Office: Calgary Date Closed: October 13, 2023 Value: -

Lead investor in its strategic placement in Aimia

On October 13, 2023, Aimia announced a strategic investment by way of a private placement by several arm's length, seasoned strategic investors, including current and former Fortune 500 company CEOs and executives. Mithaq Capital was subsequently unsuccessful in its application to the...

Lead Office: Toronto Date Closed: October 13, 2023 Value: -

Properly in its business combination with Pine

On October 5, 2023, Properly announced that it has been acquired by Pine. Through this acquisition, the companies will be better positioned to offer more services in the Canadian real estate market. This announcement follows a separate transaction between Properly and US-based Compass, which...

Lead Office: Toronto Date Closed: October 5, 2023 Value: -

Diversified Royalty Corp. acquires trademarks and other intellectual property rights of BarBurrito Restaurants Inc.

On October 4, 2023, Diversified Royalty Corp. announced its acquisition of the trademarks and certain other intellectual property rights of BarBurrito Restaurants Inc. in Canada for $108 million. Pursuant to the transaction, Diversified Royalty Corp. licensed the BarBurrito Rights back...

Lead Office: Toronto Date Closed: October 4, 2023 Value: $108 million

Ten Key Labs in its raising of $10.5 million in Seed financing

On October 4, 2023, Ten Key Labs, announced that they raised $10.5 million in Seed funding and launched a new equity management platform called Mantle. The financing round included participation from Eniac, Craft Ventures, Vaynerfund, Sierra Ventures, and Leaders Fund and Varma.Ten Key...

Lead Office: Toronto Date Closed: October 4, 2023 Value: $10.5 million

ConocoPhillips in its acquisition of the remaining Surmont interest from TotalEnergies EP Canada Ltd. for approximately $3.7 billion

On October 4, 2023, ConocoPhillips closed the acquisition of the remaining 50% interest in the Surmont oilsands project (“Surmont”) from TotalEnergies EP Canada Ltd. for approximately $3.7 billion plus contingent payments of up to $0.4 billion. The transaction gives...

Lead Office: Calgary Date Closed: October 4, 2023 Value: $3.7 billion

Relocalize in its raising of $4.78 million in seed funding

On October 3, 2023. Relocalize announced it had raised $4.78 million in a seed funding round. The company plans on utilizing the funding towards its autonomous production platform growth for hyperlocal food distribution.Relocalize is a cleantech start-up.Osler, Hoskin & Harcourt LLP...

Lead Office: Toronto Date Closed: October 3, 2023 Value: $4.78 million