Kirk Falconer

Toronto-based medical imaging company MolecuLight has sold its clinical oncology business to Photonamic GmbH & Co KG for an undisclosed amount. Launched in 2013 by CSO Ralph DaCosta, MolecuLight develops fluorescent imaging technology for clinical and commercial applications. Its initial solution, MolecuLight i:X, is a handheld imaging device for assessing wounds. Photonamic, an affiliate of Japan's SBI Holdings Inc, previously partnered with MolecuLight in the oncology field. It said the deal will expand its research and development activities. Moleculight has been backed since its founding by Canadian healthcare technology venture capital firm iGan Partners and other investors.

Lightspeed POS (TSX: LSPD), a Montréal-based retail and restaurant point-of-sale and e-commerce platform, has filed a preliminary supplement to an August 6 prospectus for an offering of subordinate voting shares. A total of about 6.6 million shares will be offered for sale, about 5.4 million of which will be offered by selling shareholders, including Caisse de dépôt et placement du Québec (CDPQ) and Inovia Capital. The price of the shares to be sold was not released. The offering includes a greenshoe option. Lightspeed completed an initial public offering (IPO) in Canada earlier this year, raising $276 million. The IPO valued the company at $1.5 billion.

A venture capital fund affiliated with Japan's Recruit Co Ltd has made an undisclosed investment in Properly, a Toronto-based real estate technology provider. Properly earlier announced the close of its $22 million Series A financing, the equity portion of which was led by Prudence Holdings and FJ Labs. Recruit was not identified as an investor. Based in Tokyo, Recruit is a provider of recruitment advertising, sales promotion and staffing services. It said it aims to support the growth of Properly along with improvement of the company's services.

Toronto-based real estate technology provider Properly has raised $22 million in Series A financing, consisting of $12 million in equity and an initial $10 million debt facility. The equity funding was led by U.S. venture capital firms Prudence Holdings and FJ Labs, with participation from Golden Ventures, AlleyCorp's Kevin Ryan and others. Founded in 2018 by CEO Anshul Ruparell, COO Sheldon McCormick and CTO Craig Dunk, Properly uses machine learning to help homeowners discover what their home would sell for on the open market, with the option to sell directly to Properly. The company will use the funds raised to accelerate expansion in Canada, enhance its technology, and add to its team.

Hazel Technologies Inc, a Chicago-based agricultural technology company focused on combating food waste, has raised US$13 million in a Series B financing. The round was led by Pangaea Ventures, a Canadian advanced materials venture capital firm, and S2G Ventures, a U.S. food and agriculture venture capital firm. They were joined by existing investors. Founded in 2015, Hazel develops new technologies to extend the quality shelf life of fresh produce. It plans to use the funds raised to grow the company's main product line and launch new solutions. Earlier this year, Pangaea closed its fourth fund, securing $95 million (US$70 million).

Fiix, a Toronto-based maintenance and asset management software provider, has acquired Alchemy IoT, a Lafayette, Colorado-based industrial asset intelligence company. No financial terms were disclosed. Fiix said the acquisition will bring artificial intelligence capabilities to its computerized maintenance management system (CMMS) products. The deal follows the close earlier this year of Fiix's $53 million (US$40 million) Series C financing. The round was led by Georgian Partners and joined by BuildGroup.

Fredericton-based agricultural technology company SomaDetect has closed a seed-stage financing, raising about $2.6 million (US$2 million). New Brunswick Innovation Foundation, the Western New York Impact Investment Fund and New York Ventures invested in the round. SomaDetect previously secured seed funding from Builders VC, Cavallo Ventures, Dairy Farmers of America and iGan Partners. Founded in 2016 by CEO Bethany Deshpande, SomaDetect has created an in-line sensor that measures critical indicators of dairy quality and health from cows at milking. It will use the financing's proceeds to expand its collection of data points from farms across North America.

Corvus Energy, a Richmond, British Columbia-based developer of maritime energy storage solutions, has raised additional, undisclosed financing. The investor was Shell Ventures, the venture capital arm of Anglo-Dutch energy and chemical group Royal Dutch Shell plc. Founded in 2009, Corvus provides energy storage in the form of modular lithium-ion battery systems for maritime, offshore, subsea and port applications. Its solutions optimize energy consumption and reduce costs and emissions. Led by CEO Geir Bjørkeli, Corvus will use the funds raised to expand internationally and further enhance its technology. Corvus' other backers include Equinor Technology Ventures and Norsk Hydro.

Reebee, a Kitchener, Ontario-based retail technology company, has secured undisclosed financing led by RHI Group, a Canadian digital marketing investment firm. M33 Growth, a U.S. venture capital and growth equity firm, also invested. Founded in 2012 by Tobiasz Dankiewicz and Michal Martyniak, reebee provides brick-and-mortar retailers with an interactive, online marketing platform that helps them reach shoppers. The platform has so far engaged some 5 million users. The funds raised will help accelerate reebee’s growth strategy. RHI Group, led by Executive Directors Alex Moorhead and Brian Sinclair, was recently capitalized by M33 Growth.