Kirk Falconer

SalesRight, a Halifax-based software-as-a-service platform for business-to-business sales teams, has raised $250,000 in a pre-seed financing. The round was led by Concrete Ventures, a Canadian venture capital firm focused on early-stage opportunities in the Atlantic region. The investment is Concrete's first, according to a report by Entrevestor. Founded last year by CEO Bill Wilson, Head of Growth Taylor Bond and CFO Greg Toner, SalesRight helps sales teams enhance the buying experience through interactive and intelligent pricing. SalesRight will use the funds raised for new hires.

SalesRight, a Halifax-based software-as-a-service platform for business-to-business sales teams, has raised $250,000 in a pre-seed financing. The round was led by Concrete Ventures, a Canadian venture capital firm focused on early-stage opportunities in the Atlantic region. The investment is Concrete's first, according to a report by Entrevestor. Founded last year by CEO Bill Wilson, Head of Growth Taylor Bond and CFO Greg Toner, SalesRight helps sales teams enhance the buying experience through interactive and intelligent pricing. SalesRight will use the funds raised for new hires.

Pangaea Ventures, a Canadian pioneer of advanced-materials investing, has opened a new U.S. office to broaden its access to sector opportunities south of the border. Earlier this year, Pangaea set up shop in Phoenix, Arizona, increasing North American locations to three, including its Vancouver headquarters. Chris Erickson, Pangaea's founder and general partner, told PE Hub Canada the move recognizes the fact that a growing share of the firm’s deal flow and portfolio companies resides in the U.S. News of the U.S. market expansion follows this month’s close of Pangaea Ventures Fund IV at $95 million (US$70 million). The fund is the largest in the firm’s nearly two-decade history, up 19 percent from Fund III, which raised about $80 million (US$60 million) in 2012.

Baltimore, Maryland-based malvertising prevention platform Clean.io has raised US$2.5 million in a seed-stage financing. Real Ventures, a Canadian early-stage venture capital firm, led the round. Launched in 2017, Clean.io, formerly Clean Creative, has developed technology that uses behavioural analysis to protect publishers, advertisers and consumers from malicious advertising threats. It will use the funds raised to hire more engineering and security talent. Real Ventures is currently investing from its fourth fund, Real Ventures IV, which closed at $180 million in 2017.

Lane, a Toronto-based property technology company, has raised $2.5 million in financing, according to Real Estate Weekly and other media sources. The round was backed by Alate Partners, Panache Ventures and Colliers Proptech Accelerator, managed by Techstars. Founded in 2014 by CEO Clint Robinson and CPO Kofi Gyekye, Lane provides tenant engagement solutions geared to commercial office buildings. It will use the funds raised for new hires and U.S. market expansion, Real Estate Weekly said. Alate, a Toronto-based strategic property technology platform, was launched last November with a $40 million seed-stage financing backed by Dream Unlimited and Relay Ventures.

Pangaea Ventures, a Canadian pioneer of advanced-materials investing, has opened a new U.S. office to broaden its access to sector opportunities south of the border. Earlier this year, Pangaea set up shop in Phoenix, Arizona, increasing North American locations to three, including its Vancouver headquarters. Chris Erickson, Pangaea’s founder and general partner, told Venture Capital […]

Thentia, a Toronto-based provider of regulatory and compliance software, has secured an up-sized $2.5 million debt facility. The funding came from Espresso Capital, a Canadian lender to growth-stage technology companies. It follows a non-disclosed venture debt financing provided last September. Founded in 2014 and led by CEO Julian Cardarelli, Thentia offers database technology designed for regulatory bodies, licensing boards and private businesses to help them streamline operations in regulation, compliance and governance. It will use the facility's proceeds for continued growth and entering into new markets.

Sustainable Development Technology Canada (SDTC) has unveiled a pilot project to support clean technology companies in partnership with incubators and accelerators. The project, which will partner with up to eight accelerators, will provide up to 30 grants of $50,000 to $100,000 each this pilot year. SDTC announced initial grants for four companies. They are: Brisk Synergies, a Waterloo-based automated traffic safety analysis platform; Intelline, a Waterloo-based maker of mechanical cryocoolers; Direct-C, an Edmonton-based leak detection monitor for the energy industry; and SoilReader, a Winnipeg-based precision soil analysis specialist.

Montréal-based cardiovascular drug maker Milestone Pharmaceuticals Inc has priced its Nasdaq Stock Market initial public offering of 5.5 million common shares at US$15 per unit. The company expects to see proceeds of about $111 million (US$82.5 million). Founded in 2005, Milestone is the developer of etripamil, a nasal spray formulation of calcium channel blockers used to terminate episodes of transient cardiovascular conditions. Milestone raised roughly $220 million in financing. This includes $105 million raised last year, led by RTW Investments and joined by BDC Capital, Domain Associates, Fonds de solidarité FTQ, Forbion, GO Capital, Novo Holdings, Pappas Capital, Tavistock Group, Tekla Capital Management and Venrock.

Toronto-based cannabis company TerrAscend Corp has closed an up-sized private placement, raising about $70 million (US$52 million). The deal included a lead-order investment of about $23 million (US$17 million) from JW Asset Management, a U.S. hedge fund manager. Founded in 2014, TerrAscend cultivates cannabis in an indoor hydroponic facility and operates other businesses active in the medical and adult-use markets in Canada and the United States. It will use the deal's proceeds for its U.S. acquisition strategy and other priorities. TerrAscend is a portfolio company of Canopy Rivers, the venture capital arm of Canadian cannabis producer Canopy Growth Corp.