It has almost been a year since the United States triggered NAFTA renegotiations. The historic free trade agreement was officially implemented on Jan. 1, 1994 after almost two decades of negotiations and amendments. Since 1994, Canadians have enjoyed a wider-selection of goods, increased trade volume, increased foreign direct investment and the development of new jobs.
On Feb. 6, 2018, Montreal-headquartered Enerkem announced it had secured CAD $280M in its largest investment round to date. The syndicate included existing investors Cycle Capital Management, Rho Ventures, Braemar Energy Ventures, Waste Management of Canada, Investissement Québec, Fonds de solidarité FTQ, Fondaction, The Westly Group, and the National Bank of Canada. The latest round
On Feb. 13, 2018, Vancouver-based Creative Energy announced a new partnership with InstarAGF Asset Management, an independent alternative asset management firm focused on North American middle-market opportunities. Through an investment by the InstarAGF Essential Infrastructure Fund, InstarAGF now owns a 50% interest in the energy solutions company, creating a district energy platform positioned for growth
On Feb. 13, 2018, Montreal-based Dialogue announced it had secured CAD $12M in Series A funding. The round was led by White Star Capital and included participation from CVCA members National Bank and Portag3 Ventures as well as HV Holtzbrinck Ventures and Walter Financial. Dialogue provides virtual health and telemedicine services to employers who are
(Photo: Mnubo’s Founders). On Jan. 30, Montreal-based Mnubo announced that it had raised $16.5 million in Series B financing. The round was led by HSB Group, part of Munich Re and included participation by its existing investors: White Star Capital and McRock Capital, as well as other value-added investors. Mnubo was founded in 2012 and
Photo (Credit) Daphné-Caron: BusBud Founders. On Jan. 30, 2018, Montreal-based BusBud announced it had secured CAD $14M in Series B funding. The round was led by iNovia Capital and included participation from a syndicate of new investors including Plaza Ventures, Teralys Capital, Real Ventures, as well as Claridge Investment Ltd. BudBud is an online marketplace
On Oct. 24 2017, Roynat Equity Partners announced the sale of its equity ownership interest in SKYTRAC Systems Limited to Drew Marine, a portfolio company of The Jordan Company. Roynat Equity Partners acquired its equity stake in SKYTRAC in 2012 in support of a management buyout. SKYTRAC is Kelowna, British Columbia-based developer and manufacturer of
On December 12, Montreal-based Cycle Capital Management announced the first closing of The Qingdao Haisi Cycle Fund a joint CAD $116M fund between Qingdao City Construction Investment Group and the firm. The fundraising process began in 2013 in collaboration between the Qingdao City Construction Investment Group and Cycle Capital Management which will target growth-stage industrial
On December 12, 2017, Portland, Oregon-based Energy Storage System (ESS) announced it had secured US $13 M in Series B funding. The round included original investors and CVCA members, Pangaea Ventures as well as Cycle Capital Management. Presidio Partners Investment Management, InfraPartners Management and BASF Venture Capital also participated in the deal. ESS is a developer of
Why Asian Investors are Seeking Better Access to Canada’s Tech Market When most startups and their investors talk about attracting outside capital, the U.S. usually comes to mind, or sometimes Europe or the U.K. Lately though, Canada’s technology startup ecosystem has been attracting investment from a new, emerging region of the world: Asia. The geographical
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.
