brad meikle
Vena Solutions, a developer of advanced functionality for spreadsheet documents and processes, has raised $3 million in a recent funding round. Toronto-based Klass Capital participated in the round.
BuildDirect, a Vancouver-based online wholesaler of building products, announced that it has raised $4 MM from BDC Venture Capital. The company had recently raised $16 MM from OMERS Ventures in June.
AFS Technologies, a Phoenix-based provider of business enterprise and on-demand software solutions, announced that it has acquired Quofore, Inc., an Atlanta-based provider of mobile software solutions, and MEI Computer Technology Group, a provider of trade promotion management solutions based in Montreal. Quofore was previously venture-backed backed by ABS Capital Partners, while MEI was previously a portfolio company of Innovatech Grand Montréal and Propulsion Ventures, among others.
Thrasos Therapeutics has raised $35 million for its treatment of acute kidney injury. SR One led the round, with additional funds coming from the GSK Canada Life Sciences Innovation Fund, SW Co., Advanced Technology Ventures, Fonds de solidarité FTQ, Lumira Capital, MP Healthcare Venture Management and Pappas Ventures.
French VC firm Iris Capital announced it has opened its doors in North America with a $15 MM investment from Teralys Capital to focus on opportunities in the IT sector in Quebec. Iris Capital is supported by France-based Orange and Publicis Group.
Prepaid Expense Card Solutions Inc., provider of a commercial prepaid card program, has raised $3.2 million in Series B financing from iNovia Capital, Bluff Point Associates and Augury Capital. The company has now raised nearly $5 million in total.
Beyond The Rack, a Montreal-based online shopping club for women and men, previously raised $36 Million from Panorama Capital Partners , Rho Canada, Tandem Expansion Fund , Export Development Canada , Highland Capital Partners, BDC Venture Capital , and iNovia Capital in November 2011.
Academics at Harvard and Insead, the premier business school in France, have just produced new research suggesting that institutional investors who've been increasingly making direct investments are smart to do so.
QuickMobile, a Vancouver-based provider of mobile conference solutions for meetings, events, and trade shows, announced it has raised $3.3 Million from BDC Venture Capital. QuickMobile had previously raised capital from VanCity Capital and angel investors in Sepember, 2011.
Vestec, a Waterloo, Ontario-based maker of artificial intelligence-based speech products, has secured up to $6.4 million in funding from Sansar Private Equity Partners, which purchased $3 million in stock and obtained warrants with an option to invest another $3.4 million. The institutional funding round is Vestec's second.