Technology Technology

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

Investment Management Corporation of Ontario in its co-majority share acquisition with EagleTree Capital, in Corsair from Francisco Partners valued at US$525 million

On August 28, 2017, Investment Management Corporation of Ontario (IMCO) (on behalf of its client, Ontario Pension Board), Honeywell pension and EagleTree Capital completed a definitive agreement in partnership with current management to acquire a majority stake in Corsair from Francisco...

Lead Office: Toronto Date Closed: August 28, 2017 Value: US$525 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

AptoVision Technologies Inc. in connection with its sale to Semtech Corp.

On July 1, 2017, Semtech Corp. (“Semtech”) acquired the outstanding equity interests of AptoVision Technologies Inc. (“AptoVision”) for a cash purchase price of US$28 million and additional contingent consideration of up to US$47 million subject to achieving certain future...

Lead Office: Montreal Date Closed: July 1, 2017 Value: US$75 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: June 27, 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

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