Venture Capital

Lightspeed POS Inc. in a US$166 million transaction involving an acquisition of shares by the Caisse de dépôt et placement du Québec

On October 17, 2017, Lightspeed POS Inc. (“Lightspeed”) announced the closing of a US$166 million transaction in which the Caisse de dépôt et placement du Québec ("Caisse") acquired Accel Partners' stake in Lightspeed. The transaction also involved additional...

Lead Office: Ottawa Date Closed: October 17, 2017 Value: US$166 million

Ritual in its US$43.5 million Class B Preferred Share financing

On September 25, 2017, Ritual announced its Series B financing round of approximately US$43.5 million. The round was led by Insight Venture Partners, and was joined by existing investors Greylock Partners, Mantella Venture Partners, Golden Venture Partners and Mistral Venture Partners....

Lead Office: Toronto Date Closed: September 25, 2017 Value: US$43.5 million

Foodee Media Inc. in its Series A Financing round (second tranche) of $10 million

On September 12, 2017, Foodee Media Inc. announced its Series A financing round (second tranche) of $10 million. The round was led by BDC Capital Inc. Foodee is a leading platform that connects offices across North America with top restaurants, serving Fortune 500 companies such as Apple, Amazon,...

Lead Office: Vancouver Date Closed: September 12, 2017 Value: $10 million

Finaeo in its Seed financing round of $2.25 million

On September 5, 2017, Finaeo raised $2.25 million in a seed-stage financing. The round was led by Impression Ventures, with participation from 500 Startups, Robo Ventures, and iGan Partners. Finaeo is a Canadian insurtech platform built for financial advisors, particularly with a focus...

Lead Office: Toronto Date Closed: September 5, 2017 Value: $2.25 million

Rho Canada Ventures and Anges Quebec Capital in the $5 million Series A financing for SPORTLOGiQ

On August 30, 2017, SPORTLOGiQ secured $5 million in its Series A financing round. The round was led by Rho Canada Ventures L.P. ("Rho Canada") and Anges Quebec Capital S.E.C. SPORTLOGiQ is an artificial intelligence powered sports analytics company based in Montreal...

Lead Office: Toronto Date Closed: August 30, 2017 Value: $5 million

PreciThera Inc. in its $36 million Series A Financing

On July 27, 2017, PreciThera Inc., a privately-held, precision medicine company dedicated to the design and development of innovative biological therapeutics for the treatment of orphan bone diseases, announced the completion of a Series A Financing in an aggregate amount of $36 million....

Lead Office: Montreal Date Closed: July 27, 2017 Value: $36 million

Acerta in its US$1.625 million Seed financing

On July 7, 2017, Acerta Analytics Solutions Inc. ("Acerta") secured US$1.625 million in its Seed Financing round. The round was led by OMERS Ventures III, LP. Acerta is a software company that delivers machine learning technology to the manufacturing and automotive...

Lead Office: Toronto Date Closed: July 7, 2017 Value: US$1.625 million

Milestone Pharmaceuticals Inc., in connection with the first tranche closing of a Series C financing led by Novo Holdings A/S

On July 1, 2017, Milestone Pharmaceuticals Inc. (“Milestone”) secured US$55 million in the first tranche of its Series C financing round. The round was led by Novo Holdings A/S (“Novo Holdings”). Milestone is a clinical stage drug development company focused on...

Lead Office: Montreal Date Closed: July 1, 2017 Value: US$55 million

Represented Power Survey and Equipment Ltd. in its Class A2 preferred financing of US$24 million

On June 27, 2017, Power Survey and Equipment Ltd. secured US$24M in its Class A2 preferred financing round. The round was initiated by the company’s majority investor EnerTech Capital and Investissement Québec alongside new investors led by Cycle Capital Management joined by Fonds de...

Lead Office: Montreal Date Closed: 27 June 2017 Value: US$24 million

Element AI in its $137 million Series A financing

On June 14, 2017, Element AI announced the recently completed closing of its $137 million Series A financing round, representing the largest Series A financing round for an artificial intelligence company in history. With this funding, Element AI will accelerate its capabilities and invest...

Lead Office: Montreal Date Closed: June 14, 2017 Value: $137 million