Blinq Networks raises $15.1 mln

Blinq Networks said Monday it raised $15.1 million in Series B funding led by the Win Fund. Kensington Global Private Equity Fund is a new investor. Existing investors BDC Capital, New Venture Partners and Summerhill Venture Partners also participated in the round. Plano, Texas-based Blinq, which has raised $32.5 million in total financing, provides network services that help mobile operators deliver mobile broadband services in high density areas.


Xagenic rakes in $25.5 mln Series B

Toronto-based molecular diagnostics firm Xagenic said Monday that it has closed $25.5 million in Series B funding. New backer BDC Capital joined the round. In addition to the financing, Dion Madsen, senior managing partner at BDC Capital, has been added to Xagenic’s board of director.

Beyond the Rack Racks up $36M Equity Round

Canadian e-tailer Beyond the Rack reeled in $36 million in VC bucks from investors Panorama Capital, the California VC that read the round, and other investors Export Development Canada, Tandem Expansion Fund, Rho Canada, Inovia Capital, Highland Capital Partners and BDC Capital. Shahan Soghikian, a MD with Panorama Capital, will join Beyond the Rack’s board.

Whatsnexx Raises $2.4M in VC

Montreal-based marketing automation software developer Whatsnexx has raised $2.4 million in financing from GO Capital LP and the Business Development Bank of Canada‘s venture capital arm, among other investors. GO Capital focuses on Quebec seed-stage technology firms in the fields of cleantech, information technologies and life sciences.

Trillium Adds $1M for Clinical Trials

Biopharmaceutical company Trillium Therapeutics Inc. has closed on $1 million in equity financing from a new, undisclosed investor. The funds will help Trillium support clinical trials for a treatment for interstitial cystitis, also known as bladder pain syndrome. Toronto-based Trillium has previously raised funding from investors including Vengrowth Private Equity Partners, Growthworks Capital and BDC Capital.

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