Technology Technology

Spire Global in its agreement to sell its maritime business for approximately US$241 million

On November 13, 2024, Spire Global announced its agreement to sell its maritime business for approximately US$241 million to Kpler. Spire Global intends to use the proceeds of the sale to retire all outstanding debt and invest in near-term growth opportunities. The transaction consists of a...

Lead Office: Toronto Date Announced: November 12, 2024 Value: US$241 million

Neo Financial Technologies in its raising of $362 million in Series D financing

On November 11, 2024, Neo Financial Technologies announced its raising of $362 million in a Series D financing round. This financing is composed of $112 million of equity and $250 million in debt. The company plans on utilizing the funding towards expanding its offerings to Canadians. The...

Lead Office: Toronto Date Announced: November 11, 2024 Value: $362 million

Reactiv in its raising of $5 million of Seed funding

On October 28, 2024, Reactiv announced its raising of $5 million of Seed funding. This financing round was led by Bonfire Ventures and saw participation from Foxe Capital and Anthemis, Daher Capital and Alumni Ventures. The company plans on utilizing the funding towards its meeting the demand for...

Lead Office: Toronto Date Announced: October 28, 2024 Value: $5 million

Impression Ventures in connection with Ned’s $4.2-million Seed financing

On October 22, 2024, Ned announced it secured $4.2 million of Seed financing in a round led by Impression Ventures. This round also saw participation from Capital Eleven. This financing is a critical point in the financial services sector as lenders are aiming to scale loan books and qualify...

Lead Office: Toronto Date Announced: October 22, 2024 Value: $4.2 million

Rhino Ventures as lead investor in MyFO’s $3.5-million Seed funding round

On October 18, 2024, MyFO announced the closing of its $3.5-million Seed funding round led by Rhino Ventures. The funding will enable MyFO to expand its team, scale its operations to support a growing user base and deepen its product offering.MyFO, based in Vancouver, B.C., is the fastest-growing...

Lead Office: Vancouver Date Announced: October 18, 2024 Value: $3.5 million

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

Fable in its raising of US$25 million of Series B financing

On October 16, 2024, Fable announced that it raised US$25 million of Series B financing with the sole participant being Five Elms Capital. The company will utilize this new capital towards providing support for individuals with hearing and cognitive disabilities. Furthermore, the company will...

Lead Office: Toronto Date Announced: October 16, 2024 Value: US$25 million

Deck Software in its raising of $6.2 million of Seed financing

On October 15, 2024, Deck Software announced that it raised $6.2 million in a Seed financing round. This all-equity, all-primary round was co-led by Golden Ventures and Better Tomorrow Ventures. This round also saw participation from Luge Capital. Deck Software is a new application programming...

Lead Office: Toronto Date Announced: October 15, 2024 Value: $6.2 million

Birdseye Security Solutions in its equity investment from GreyLion Partners LP

On October 15, 2024, Birdseye Security Solutions announced its equity investment from GreyLion Partners LP. The company plans to utilize the investment to further advance the company’s technology platform and increase growth. Birdseye Security Solutions offers remote video monitoring and...

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

Chevron Canada Limited on the sale of its interest in the Athabasca Oil Sands Project and the Kaybob Duvernay Shale Gas Project to Canadian Natural Resources Limited for US$6.5 billion

On October 7, 2024, Chevron Canada Limited announced its sale to Canadian Natural Resources Limited of Chevron’s 20% interest in the Athabasca Oil Sands Project and 70% interest in the Kaybob Duvernay Shale Gas Project, as well as certain other oil sands and petroleum and natural gas rights...

Lead Office: Calgary Date Announced: October 7, 2024 Value: $6.5 billion