Photo (left to right): Anthony Lipschitz, Partner, Private Equity, Jared Kalish, Partner, Private Capital, Ilan Jacobson, Founding Partner & CEO. Credit: Firepower Capital. This morning, Toronto and Montreal-based Firepower Capital announced the closing of a pool of committed capital earmarked for private equity transactions. The raise is part of the expansion of Firepower’s private equity division,
This article is part one of a series on VC perspectives and how VCs are responding and supporting their portfolios in response to the realities of COVID-19. If you would like to provide commentary, please contact us here. Breezing past trade disputes and political volatility, yield-curves and domestic energy conflicts, venture capital in Canada is
On Monday, January 27, the TSX closed its worst day in four months. In the same week, all eyes were on the city of Wuhan in China where officials had just ordered a quarantine for the entire city. These seemingly drastic measures shook the public markets into a tailspin; the record bull market run was
On December 19, 2019, Alberta-based Decisive Farming announced it had been acquired by Vancouver-headquartered TELUS. The terms of the deal were not disclosed. CVCA members, McRock Capital, were early investors in the company and the acquisition represents a successful exit for the fund. According to AgFunderNews, Decisive Farming combines precision agronomics, crop marketing, and information
This article is part two of a two-part series providing insights from leading women in Canadian private capital in celebration of International Women’s Day. The CVCA will be publishing its 2019 year-end report next week and the preliminary numbers show Canadian venture capital heading towards another record year for investment and private equity continuing its
The CVCA will be publishing its 2019 year-end report next week and the preliminary numbers show Canadian venture capital heading towards another record year for investment and private equity continuing its momentum. However, there’s volatility at seemingly every turn. In Canada, we’ve been experiencing spin-off consequences from the federal natural gas pipeline project and the
Photo: mnubo Co-founders (left to right): Frédéric Bastien, Jean-Charles Beaudin, Jean-Christophe Cimino, Aditya Pendyala On July 12, Montreal-based mnubo Inc. announced it had been acquired by Massachusetts-based Aspen Technologies for CAD $102M. CVCA members White Star Capital and McRock Capital had been early investors in mnubo and the acquisition represents a successful exit for the funds.
In a CVCA Central first, we spoke with Lumira Ventures to go behind the scene of three of their recent deals. On April 8, Michigan-based medical device company HistoSonics, announced it had raised USD $54 million in a Series C financing including participation from Lumira Ventures. HistoSonics is a venture-backed medical device company developing a
On April 18, Toronto-based VC fund, iGan Partners, announced it had raised CAD $100M for its first fund, iGan Fund I; surpassing its initial goal of CAD $50M. The fund is focused on the health technology sector which includes digital health, medical devices, healthcare IT and AI. The fund will also provide diversified exposure to
This report offers a comprehensive analysis of the seed and pre-seed venture capital funding landscape in Canada, focusing on key trends across provinces, deal sizes, foreign investor participation, and top-performing verticals like AI, Web 3, and SaaS. It provides year-over-year and quarter-over-quarter insights, comparing Canada's seed investment activity with global trends. The report is a valuable resource for understanding venture investment dynamics at the earliest stages in Canada's startup ecosystem for 2024, providing detailed context on the evolving focus and funding environment.
