CIBC Innovation Banking lends $2.7 mln to VC-backed CareGuide
CIBC Innovation Banking has closed a $2.7 million (US$2 million) growth financing with CareGuide, a Toronto-based provider of online care services. Founded in 2012 by Chief Executive Dad John Philip...
View ArticleGeorgian Partners leads Beam Dental’s $55 mln Series D round
Beam Dental, a Columbus, Ohio-based dental benefits provider, has raised US$55 million in a Series D financing. The round was led by Canadian growth equity firm Georgian Partners, with participation...
View ArticleThoma Bravo to acquire majority of EHSQ software provider Cority
U.S. private equity firm Thoma Bravo has agreed to acquire a majority stake in Cority, a Toronto-based provider of environmental, health, safety and quality (EHSQ) solutions. Terms weren’t released for...
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John Risley’s NPC to invest $35 mln in plastics tech company Loop
Northern Private Capital (NPC) has agreed to invest $35 million in Loop Industries Inc (Nasdaq: LOOP), a Terrebonne, Québec-based plastics technology company. The deal will give NPC, an investment arm...
View ArticleAuto prognostic startup Pitstop raises $1.5 mln in seed funding
Toronto-based automotive prognostic platform Pitstop has raised $1.5 million in a seed-stage financing. Ripple Ventures, a Canadian early-stage venture capital firm, led the round. It was joined by...
View ArticleNoblegen secures $25 mln in Series B deal, JRSL and BDC lead
Noblegen, a Peterborough, Ontario-based advanced ingredients maker, has raised $25 million in a Series B financing, bringing total funding to $42.5 million. The round was led by Richardson Ventures, an...
View ArticleCarlyle, Warburg Pincus to sell DBRS to Morningstar for $904 mln
Morningstar Inc (Nasdaq: MORN) has agreed to acquire DBRS, a Toronto-based credit ratings agency, for about $904 million (US$669 million). The sellers include U.S. private equity firms Carlyle Group...
View ArticleTwo Small Fish Ventures initially closes second fund at $9 mln
Canadian venture capital firm Two Small Fish Ventures has initially closed its second early-stage fund, securing $9 million in committed capital. Fund II, targeted to raise $15 million in total, was...
View ArticleElectronic glasses maker eSight raises $10 mln, picks new CEO
Toronto-based electronic glasses maker eSight has raised a debenture financing of $10 million. The investors were not identified. BetaKit reported the deal was led by Canadian healthcare technology...
View ArticleNarbe Alexandrian’s plan to invest Canopy Rivers, the ‘Google Ventures’ of pot
Subscription RequiredNarbé Alexandrian, CEO of Canopy Rivers, the venture arm of Canopy Growth, is leading an ambitious strategy to fill a funding gap for startups expected to drive growth in the...
View ArticleOntario Teachers’ appoints six new managing directors
Ontario Teachers’ Pension Plan has promoted six investment professionals to managing director. They include Maggie Fanari, who will assume this London-based role in the recently formed growth equity...
View ArticleRBC Ventures acquires venture-backed Smart Reno
RBC Ventures has acquired Smart Reno, a Montréal-based online home renovation marketplace that connects consumers and renovation professionals, for an undisclosed amount. Founded in 2012 by CEO Andrei...
View ArticleHome Capital makes $3 mln investment in VC-backed Lendified
Home Capital Group Inc (TSX: HCG) has made a $3 million strategic investment in Lendified, a Toronto-based financial technology company. Home Capital, a Canadian alternative lender, said the deal will...
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Narbé Alexandrian’s plan to invest Canopy Rivers, the ‘Google Ventures’ of pot
Narbé Alexandrian, CEO of Canopy Rivers, the venture arm of Canopy Growth, is leading an ambitious strategy to fill a funding gap for startups expected to drive growth in the burgeoning global pot...
View ArticleThoma Bravo buys Autodata Solutions from KKR’s Internet Brands
U.S. private equity firm Thoma Bravo has acquired Autodata Solutions Group, a London, Ontario-based provider of data and software solutions to the automotive industry. Terms weren’t disclosed....
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CAI Capital Partners initially closes $100 mln Fund VI, hires Rob Wildeman
CAI Capital Partners initially closed its sixth lower-mid-market fund, targeted to raise $100 million, the Vancouver private equity firm said in a news release. The amount of capital committed to the...
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Birch Hill-backed Citron Hygiene acquires 1st Class Hygiene
Citron Hygiene LP has acquired 1st Class Hygiene, a Moira, Leicestershire, U.K.-based provider of washroom hygiene, pest control services and related products. Terms weren’t disclosed. The seller was...
View ArticleNutrasource secures $2 mln in R&D funding from BDC Capital
BDC Capital has provided a non-dilutive facility of $2 million to Nutrasource Pharmaceutical and Nutraceutical Services, a Guelph, Ontario-based contract research organization for the health product...
View ArticleGeorgian Partners shooting for $1 bln in Fund V launch: G&M
Georgian Partners is preparing to launch a fifth growth equity fund with a target of about $1 billion (US$750 million), according to a report by the Globe and Mail. Georgian recently announced its...
View ArticleYellow Point invests in peer learning group MacKay CEO Forums
MacKay CEO Forums, a Vancouver-based peer-to-peer CEO network, has secured an investment from Yellow Point Equity Partners, a Canadian mid-market private equity firm. No financial terms were disclosed....
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