Emerging and High Growth Companies Emerging and High Growth Companies

Wave Financial in its $537 million proposed acquisition by H&R Block.

On June 11, 2019, H&R Block Inc., announced it has entered into a definitive agreement to acquire Wave Financial, a Toronto based FinTech startup that provides business accounts and debit cards to small business. The acquisition, while still subject to regulatory approval and closing...

Lead Office: Toronto Date Closed: -- Value: $537 million

Radical Ventures in the launch of a new $471 million fund.

On May 7, 2019, Radical Ventures announced that it has launched a new $471 million fund that is focused on investing primarily in artificial intelligence. The company’s first fund, Radical Fund I, had just under $13 million and concentrated on pre-seed and seed stage investments. The planned...

Lead Office: Montreal Date Closed: -- Value: $471 million

Delta-v Capital in its US$23 million investment in OSF Global Services.

On May 7, 2019, OSF Commerce announced that it has successfully closed a $23 million equity investment round led by Delta-v Capital with participation from Salesforce Ventures. OSF Commerce will use the proceeds to accelerate global commerce capabilities, further their efforts, and lead innovation...

Lead Office: Montreal Date Closed: May 7, 2019 Value: US$23 million

Echosec in its $2 million secured loan from TIMIA Capital

On April 24, 2019, Echosec announced that it entered into an agreement with TIMIA Capital Corporation for a three year investment facility, which involves a secured loan of $2 million. The initial payment of $1 million was advanced, and the remaining $1 million will be spent throughout various...

Lead Office: Vancouver Date Closed: -- Value: $2 million

Togetherwork in its acquisition of UnionWare

On April 24, 2019, Togetherwork announced the acquisition of UnionWare. The acquisition will provide UnionWare resources to broaden its capabilities and cement Togetherwork’s growing footprint in the international market. Togetherwork, based in Columbus, Georgia, develops group management...

Lead Office: Toronto Date Closed: April 24, 2019 Value: -

Sauce Labs in its acquisition of Screener Technologies

On April 24, 2019,  Sauce Labs announced the acquisition of Screener Technologies.  The acquisition adds non-functional testing alongside functional testing to deliver a more comprehensive experience to customers. Sauce Labs provides cloud-based testing for mobile and web applications....

Lead Office: Vancouver Date Closed: April 24, 2019 Value: -

Coconut Software in its $1.75 million debt financing

On April 23, 2019, Coconut Software received $1.75 million in debt financing from CIBC Innovation Banking, with the company intending to support its strategic plan and to invest in its growth. Coconut Software, based in Saskatoon, provides enterprise-grade appointment scheduling solutions while...

Lead Office: Toronto Date Closed: April 23, 2019 Value: $1.75 million

Innovobot in its investment in Heyday Technologies

On April 24, 2019, Heyday Technologies announced that it has successfully closed a $2 million seed funding round which was led by Innovobot and Desjardins Capital and included certain other investors. Heyday will use the funds raised to expand its engineering, research and product teams, and...

Lead Office: Montreal Date Closed: April 15, 2019 Value: $2 million

Blume in its $3.3 million Seed financing round

On April 12, 2019, ElleBoxCo Incorporated (Blume) announced the close of a $3.3 million Seed financing round led by new investor Felicis Ventures. The round also included participation from other new investors including Victress Capital Fund, L.P., a fund managed by Victress Capital LLC, and...

Lead Office: Vancouver Date Closed: April 12, 2019 Value: $3.3 million

Generation Ventures in its $3.3 million investment in Synapse

On April 10, 2019, Synapse announced the close of a $3.3 million Seed funding round. Synapse will use the funding to help grow its Learning Design System, a cloud platform that automates instructional design best practices for businesses. The round was led by Generation Ventures with participation...

Lead Office: Toronto Date Closed: April 10, 2019 Value: $3.3 million