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 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
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
Photo (left to right): inovia capital General Partners, Patrick Pichette, Dennis Kavelman and Chris Arsenault On February 19, Montreal-based inovia capital announced it had raised a fourth USD $200M early-stage fund and a new USD $400M growth-stage fund. The firm also announced that it is expanding to core markets in Canada and Silicon Valley and opened a
Photo: Bold Commerce Founders – (Left to right) Jason Myers, Yvan Boisjoli, Stefan Maynard, Eric Boisjoli. On January 16, Winnipeg-based Bold Commerce announced the successful close of a CAD $22M Round A financing from Whitecap Venture Partners and Round13 Capital. Bold Commerce provides a range of e-commerce applications to 86,000+ wholesale and business-to-business merchants worldwide.
Photo (left to right): Aliah Lalani, Managing Director, COO Diligence Services, John Sharpe, EVP Hilco Commercial Industrial, Tom Boniface, VP- Central US & Canada
The Relentless Venture Fund embraces a hybrid venture model: a profit driven, venture capital, health fund with a social impact heart. We are a double bottom line fund. Digital Health & Data—The Enablers But how is it possible to be a true venture capital fund that delivers venture-level returns as well as social good? It