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brad meikle

Bee Vectoring Technologies International Inc (TSX-V: BEE), which went public in a reverse takeover deal in June, has raised an additional $1.1 million from a private placement offering. To date, the company has raised $4.2 million. Bee Vectoring has developed technology that uses bumblebees as a natural delivery mechanism for specialist powdered organic pesticides. It plans to use the net proceeds of the offering to further develop its manufacturing plant in Mississauga, Ontario and other purposes. The company also announced the appointment of Ashish Malik, an executive at Bayer CropScience, as an advisor.
Marketing.AI, a content marketing platform, has raised $2 million in Series A financing. The round was backed by Canadian private investment firm Marin Investments. Based in Vancouver, Marketing.AI has developed a software solution that helps align strategic messaging and company teams, products, departments and brands around content marketing activity. It plans to use the Series A’s proceeds to accelerate product development and support its customers. Marketing.AI was founded in 2012 by CEO Greg Marlin.
The C100 recently announced the names of Canadian startups selected to participate in the next 48 Hours in the Valley, the organization’s flagship program. On December 7-9 2015, participating companies will engage in 2.5 days of programming, mentorship and networking in Silicon Valley. The 17 selected startups, which join some 200 alumni companies supported by C100 programs over the past five years, are: BONE Structure, CareGuide, Community Sift, CrowdRiff, Flatbook, Foko, Graphite Software, LoginRadius, MappedIn, PostBeyond, Roadmunk, Sensibill, Sharethebus, Statflo, Storybird, ThinkData Works and Vantage.
Toronto-based cleaning products startup WHOOSH! has secured $1.5 million in financing from the Bank of Montreal. The investment, which is in the form of an operating and term credit facility supported by banking services, aims to support the company's growth. Founded in 2012, WHOOSH! provides products to clean digital screens, devices and other gadgets. Led by President and CEO Jason Greenspan, the company's solutions are now available at over 5,000 stores worldwide.
BlackBerry Ltd (NASDAQ: BBRY, TSX: BB) has tied up its buy of Good Technology Corp, a Silicon Valley-based mobile software provider. The deal, announced in September, was valued at US$425 million. BlackBerry said it plans to integrate Good's platform into its own software suites to provide a complete end-to-end solution that secures the entire mobile enterprise, while also protecting privacy. The acquisition resulted in exits for Good's venture capital investors: Blueprint Ventures, DFJ, ePlanet Capital, GKM, Meritech Capital Partners, Oak Investment Partners and Rustic Canyon Partners.
Canadian venture capital firms BDC Capital and Real Ventures are partnering with Hacking Health and MaRS Discovery District to launch the Hacking Health Accelerator, a digital health innovation platform. The platform will support entrepreneurs and startups focused on the digital transformation of the health, fitness and wellness sectors. For startups, it will provide up to $200,000 in funding along with mentoring and other resources and services to help accelerate commercialization initiatives. Other partners include Anges Québec, Cossette, Agile MV, Fasken Martineau, GCI Canada, MMA Group and several angel investors.
Vancouver-based e-commerce platform Elastic Path Software Inc has raised $10 million in follow-on funding. The round was led by Canadian venture capital investors Yaletown Venture Partners and BDC Venture Capital IT Fund, both of which invested in Elastic Path's $5.35 million financing in September 2014. Founded in 2000, Elastic Path provides enterprise commerce software that creates a personalized and unified buying experience for shoppers. To date, it has helped customers generate $40 billion in sales using its technology. The company plans to use the latest round's proceeds to grow revenue, deepen investment in partner channels, and continue development of its platform.
Pierre Chadi has been appointed vice president, investments, of Anges Québec Capital. Chadi, a former technology executive, will be responsible for overseeing, preparing and managing investments made by the Anges Québec Capital Fund, which was formed in 2012 to invest alongside members of angel investment network Anges Québec. In February, the fund was recapitalized at $85 million, most of which came from the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec and the Québec government.
Toronto-based Invixium, a maker of biometric security products, has secured $4 million in Series A financing. The round was led by McRock iNFund LP, an industrial Internet of Things fund managed by Canadian venture capital firm McRock Capital. Founded in 2012, Invixium provides biometric solutions that help ensure physical access security at enterprises and industrial facilities. It has so far sold over 3,500 products to customers in the Middle East, North Africa, India and North America. As a result of the investment, McRock Managing Partners Scott MacDonald and Whitney Rockley will join Invixium's board of directors. McRock iNFund LP raised $65 million in commitments in its final close in August.
Investissement Québec (IQ) has committed $10 million to the XPNDCroissance Fund, the second fund of Canadian growth equity firm XPND Capital. The commitment brings the fund's total capitalization to $37 million. XPNDCroissance Fund, which is ear-marked for investments in Québec-based companies that operate in sustainable transportation, innovative industries, technologies, and media and entertainment, is expected to reach $70 million by the end of 2015. Montréal-based XPND is led by Managing Partner Alexandre Taillefer. The firm's prior investments include Lumenpulse Inc (TSX: LMP), an LED lighting solutions provider that went public last year.
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