Emerging and High Growth Companies Emerging and High Growth Companies

Chinova Bioworks in its $2.6 million Seed financing

On August 13, 2018, Chinova Bioworks Inc. announced it has completed its seed round of $2.6 million. The round was led by DSM Venturing BV and Rhapsody Venture Partners, with participation from AgFunder and Natural Products Canada. Chinova Bioworks plans to use the funding to build its...

Lead Office: Toronto Date Closed: August 13, 2018 Value: $2.6 million

Angiochem Inc. in its Series C financing round of $7.5 million

On August 1, 2018, Angiochem Inc. announced that it had completed its Series C financing round of $7.5 million. Angiochem Inc. plans to use the financing to support the development of ANG1005, its treatment for leptomeningeal carcinomatosis caused by breast cancer. There are currently no...

Lead Office: Montreal Date Closed: August 1, 2018 Value: $7.5 million

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

Genesys Capital in Inversago Pharma's $7 million Series A financing

On July 25, 2018, Inversago Pharma Inc. announced that it has secured a $7 million series A financing to pursue its development plan and advance its CB1 platform as a potent treatment for targeted diseases. Inversago’s first financing round was co-led by Genesys Capital and Amorchem,...

Lead Office: Toronto Date Closed: July 25, 2018 Value: $7 million

Inkbox in its financing of $17 million

On July 17, 2018, Inkbox announced that it has raised $17 million. The round was led by Maveron, along with participation from Founders Fund, Cassius, Golden Ventures, KDWC Capital, Flight Ventures and Novel TMT, while Silicon Valley Bank contributed $4 million in venture debt. Inkbox plans...

Lead Office: Toronto Date Closed: July 17, 2018 Value: $17 million

Interaxon in its acquisition of Meditation Studio

On July 10, 2018, Interaxon Inc. announced the acquisition of Meditation Studio. Meditation Studio is a top-rated and award-winning app that offers a library of original and exclusive guided meditations and courses from over 40 leading experts. Interaxon is a Toronto-based company that...

Lead Office: Toronto Date Closed: July 10, 2018 Value: -

ApplyBoard in its $17 million Series A financing

On June 28, 2018, ApplyBoard announced that it has raised $17 million in its Series A Financing. The round was led by Artiman Ventures, with follow-on investments from early investors 500 Startups, Candou Ventures, Think+, and others. ApplyBoard plans to use the funding towards growing...

Lead Office: Toronto Date Closed: June 28, 2018 Value: $17 million

Fitplan Technologies in its $4.7 million funding round

On June 28, 2018, Fitplan Technologies announced a $4.7 million funding round from leading venture capital firms, Lerer Hippeau, Bullpen, Advanceit and Imaginary VC. Fitplan will allocate the funds to further developing the product experience, growing its community and bringing on more of...

Lead Office: Vancouver Date Closed: June 28, 2018 Value: $4.7 million

Sanja Fidler in her appointment to lead Nvidia's new Toronto AI research facility.

On June 13, 2018, Nvidia Corporation announced plans to open an AI research facility in Toronto to further explore novel approaches to deep learning. The research facility will be led by Sanja Fidler, assistant professor in the computer science department at the University of...

Lead Office: Toronto Date Closed: -- Value: -

iNovia Capital in Careguide's $6 million Series A financing

On June 21, 2018, CareGuide announced that it has closed its Series A financing round of $6 million. iNovia Capital and Plaza Ventures led the round, with participation from Conconi Growth Partners, new Halifax-based venture capital firm, Metric, and US firms, Structure Capital and FJ...

Lead Office: Toronto Date Closed: June 21, 2018 Value: $6 million