Emerging and High Growth Companies Emerging and High Growth Companies

Milestone Pharmaceuticals Inc., in connection with the first tranche closing of a Series C financing led by Novo Holdings A/S

On July 1, 2017, Milestone Pharmaceuticals Inc. (“Milestone”) secured US$55 million in the first tranche of its Series C financing round. The round was led by Novo Holdings A/S (“Novo Holdings”). Milestone is a clinical stage drug development company focused on...

Lead Office: Montreal Date Closed: July 1, 2017 Value: US$55 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

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: -

Wealthsimple in its $50 million Series B investment from the Power Financial Corporation group of companies

On May 11, 2017, Wealthsimple announced the completion of its Series B investment of $50 million (US$37 million) from the Power Financial Corporation group of companies, bringing their total investment in Wealthsimple to $100 million (US$74 million) to date. Wealthsimple plans to use the...

Lead Office: Toronto Date Closed: May 11, 2017 Value: $50 million

Professor Raquel Urtasun in her hiring by Uber to lead a new Toronto-based research and development centre for its Advanced Technologies Group

On May 8, 2017, Raquel Urtasun, an Associate Professor from the University of Toronto, joined Uber Inc. Professor Urtasun, known for conducting world-leading research on self-driving vehicles, will bring Uber's first international research lab to Toronto and will head up self-driving efforts in...

Lead Office: Toronto Date Closed: May 8, 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: -

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