Technology

Borrowell Inc. in connection with its $12 million Series A round of financing led by Portag3 Ventures LP, Equitable Bank and White Star Capital and $45 million in new credit facilities provided by Concentra and FirstOntario Credit Union

Borrowell completed its $57 million in financing, consisting of $12 million (CAD) in equity funding and $45 million in new credit facilities. The Series A equity round is being led by Portag3 Ventures LP, Equitable Bank and White Star Capital, with participation by FirstOntario Credit...

Lead Office: Toronto Date Closed: June 1, 2017 Value: $57 million

Beanworks in connection with its $4.5 million Series A funding

On June 1, 2017, Beanworks announced the closing of its $4.5 million Series A funding, led by Vancouver Founder Fund and TIMIA Capital. Revolutionizing the way companies manage their accounts payable workflows and pay their vendors, Beanworks’ customizable FinTech platform empowers...

Lead Office: Vancouver Date Closed: June 1, 2017 Value: $4.5 million

Wave in its $32 million strategic financing from National Australia Bank, RBC, Portag3, and Exhibition Capital

On May 30, 2017, Wave announced a strategic financing round of $32 million from National Australia Bank, RBC, Portag3, and Exhibition Capital. The investment also includes funding from existing investors CRV, Social Capital, BDC IT Venture Fund and BDC Capital, OMERS Ventures, Harbourvest and...

Lead Office: Toronto Date Closed: May 30, 2017 Value: $32 million

Citizen Hex in its Seed financing round

On May 23, 2017, Citizen Hex announced the closing of its seed-stage financing round, led by Version One Ventures, OMERS Ventures, and Purpose Investments. Citizen Hex will use the proceeds of the round to build a world-class team of smart-contract programmers. Citizen Hex is a...

Lead Office: Toronto Date Closed: May 23, 2017 Value: -

Startup Calgary Inc. in its strategic combination with Calgary Economic Development Ltd.

On May 1, 2017, Startup Calgary Inc. completed its strategic combination with Calgary Economic Development Ltd. Startup Calgary Inc. is a local entrepreneurial start-up community. Calgary Economic Development Ltd. is a not-for-profit organization and conduit for entrepreneurs funded by the...

Lead Office: Calgary Date Closed: May 1, 2017 Value: -

Halogen in its sale to Vector Capital

On May 1, 2017, all of the issued and outstanding common shares of Halogen Software Inc. (“Halogen”) were acquired by Saba Software Inc. (“Saba”), Vector Capital and its affiliates (“Vector”), and Michael Slaunwhite, Halogen’s founder, executive chairman and largest shareholder. The...

Lead Office: Toronto Date Closed: May 1, 2017 Value: $293 million

NATS (Services) Limited in its acquisition of 50% of Searidge Technologies Inc.

On April 28, 2017, NATS (Services) Limited acquired a 50% interest in Searidge Technologies Inc. from its existing shareholders, including NAV CANADA and founders Alex Sauriol and Moodie Cheikh. With this investment, NATS has become an equal shareholder in Searidge Technologies...

Lead Office: Toronto Date Closed: April 28, 2017 Value: -

Symmetrics Business Intelligence Solutions Inc. in its acquisition by Calabrio, Inc.

On April 4, 2017, Calabrio, Inc. completed its acquisition of Symmetrics Business Intelligence Solutions Inc. This acquisition will further drive Calabrio’s growth in customer and employee engagement by combining best-of-breed visual reporting, analytics and data management with its...

Lead Office: Vancouver Date Closed: April 4, 2017 Value: -

Turnstyle Analytics Inc. in its acquisition by Yelp Inc.

On April 3, 2017, Turnstyle Analytics Inc. and Yelp Inc. entered into a share purchase agreement pursuant to which Yelp acquired all of Turnstyle’s issued and outstanding securities for approximately US$20 million, paid in cash. Turnstyle is a location-based marketing and analytics...

Lead Office: Toronto Date Closed: April 3, 2017 Value: US$20 million

EZShield, Inc. (a subsidiary of EdgeStone Capital Partners Inc.) in its acquisition by The Wicks Group of Companies, L.L.C.

On March 28, 2017, the Wicks Group completed its acquisition of EZShield from EdgeStone Capital Partners. The Wicks Group of Companies is a private equity firm based in New York City that invests in lower-middle-market companies operating in selected segments of the information...

Lead Office: Toronto Date Closed: March 28, 2017 Value: -