Technology Technology

MindBeacon Software Inc. in its Series A Financing Round

On September 25, 2018, MindBeacon Software Inc. (“MindBeacon”) completed its Series A Financing Round, with participation from TELUS Ventures, Manulife, Elkland Capital, Strauss Interests, and several prominent private investors. MindBeacon is a leading provider of Cognitive...

Lead Office: Montreal Date Closed: September 25, 2018 Value: -

Beanworks Solutions Inc. in its Series B Financing Round of $10.1 million

On September 19, 2018, Beanworks Solutions Inc. (“Beanworks”), a Vancouver based accounts payable (AP) automation company, has raised $10.1 million in a Series B funding round. The round of funding was led by FINTOP Capital and supported by BDC Capital, in addition to private...

Lead Office: Vancouver Date Closed: September 19, 2018 Value: $10.1 million

Q4 in its US$38 million Series C financing

On September 12, 2018, Q4 Inc. ("Q4"), announced that it has closed a US$38 million financing round, led by Napier Park Financial Partners ("Napier Park"). The new funds will be used to support the continued development of the Company’s next generation, purpose-built...

Lead Office: Toronto Date Closed: September 12, 2018 Value: US$38 million

Integrate.ai in its Financing Round of US$30 million

On September 11, 2018, Integrate.ai completed a US$30 million financing round led by Portag3 Ventures, along with participation from existing investors Georgian Partners and Real Ventures. The new money will go towards building out Intergate.ai’s client base throughout the U.S. as well as an...

Lead Office: Toronto Date Closed: September 11, 2018 Value: US$30 million

DarwinAI in its $3.9 million Seed financing

On September 18, 2018, DarwinAI, a cutting-edge Artificial Intelligence start-up based in Waterloo, Ontario, announced that it has closed a $3.9 million seed financing round, co-led by Obvious Ventures and iNovia Capital, and angels from the Creative Destruction Lab accelerator in Toronto. ...

Lead Office: Toronto Date Closed: September 1, 2018 Value: $3.9 million

Goose Insurance in its financing round of $2.25 million

On August 27, 2018, Goose Insurance announced that it has raised $2.25 million in a financing round led by Impression Ventures. Goose also announced the launch of its new mobile app to provide Canadians with instant access to travel medical insurance.  Goose plans to use the...

Lead Office: Vancouver Date Closed: August 27, 2018 Value: $2.25 million

Canvass Analytics in its US$5 million financing

On August 21, 2018, Canvass Analytics announced that it has closed a US$5 million financing round, led by Gradient Ventures. Additional participation came from Bedrock Industries, Viaduct Ventures and existing investors Real Ventures and Barney Pell. Canvass Analytics’ use of...

Lead Office: Toronto Date Closed: August 21, 2018 Value: US$5 million

Zensurance in its sale of a majority stake to The Travelers Companies, Inc.

On August 15, 2018, The Travelers Companies, Inc. acquired a majority stake in Zensurance through a wholly-owned subsidiary. Pairing with Travelers would provide an opportunity to gain more insight into the insurance industry and build up Zensurance’s technology. It will also provide...

Lead Office: Toronto Date Closed: August 15, 2018 Value: -

Behaviour Interactive Inc. in its strategic partnership agreement with GAEA Interactive Entertainment Co. Ltd.

On October 16, 2018, Behaviour Interactive Inc. (“Behaviour”) and Beijing’s GAEA Interactive Entertainment Co. Ltd (“GAEA”) announced a strategic partnership. GAEA made a 20% strategic investment in Behaviour. This investment will fuel Behaviour’s continuous growth and accelerate its...

Lead Office: Montreal Date Closed: August 9, 2018 Value: -

Hubdoc in its acquisition by Xero

On July 31, 2018, Xero announced that it will acquire Hubdoc Inc., (“Hubdoc”) for US$70 million in a combination of cash and equity. The acquisition will continue to have Hubdoc operating independently, while allowing both companies to focus on co-marketing and bundling opportunities....

Lead Office: Toronto Date Closed: -- Value: US$70 million