BDC Venture Capital and Accel-Rx join forces to fund Canadian health science cos

BDC Venture Capital and the Accel-Rx Health Sciences Accelerator are joining forces to provide seed funding to new and emerging Canadian health sciences companies. Accel-Rx, BDC Venture Capital and CDRD Ventures Inc, which will provide the initial management to launch Accel-Rx operations, will focus on maximizing new health sciences company creation.

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Three Angels Capital and BDC Venture Capital back BitLit

BitLit has received an undisclosed amount of seed funding. The investors included Three Angels Capital and BDC Venture Capital. Based in Vancouver, British Columbia, BitLit is an app that helps readers get an ebook edition of a print book.

ARRIS buys VC-backed SeaWell Networks

ARRIS has acquired SeaWell Networks. No financial terms were disclosed. Based in Mississauga, Ontario, SeaWell Networks is a video company whose backers included BDC Venture Capital and Northwater Capital.

PHEMI Health Systems nets $2.8 mln seed funds

PHEMI Health Systems said Monday that it has closed $2.8 million in seed financing. The investors included BDC Venture Capital and Yaletown Venture Partners. Headquartered in Vancouver, British Columbia, PHEMI Health Systems is a big data platform company that provides solutions that improve clinic productivity, patient outcomes and medical research.

Trulioo snags $6 mln Series A funds

Trulioo has closed $6 million in a Series A financing. Tenfore Holdings led the round with participation from BDC Venture Capital and Blumberg Capital. Based in Vancouver, British Columbia, Trulioo is a provider of identity verification solutions.

Clementia Pharmaceuticals appoints

Clementia Pharmaceuticals, a privately held clinical stage biotechnology company has appointed three key executives with rare disease and orphan drug expertise: Donna Grogan, M.D., as chief medical officer, Jeff Packman as chief development officer and Eric Grinstead as chief commercial officer. The company is backed by OrbiMed Advisors and BDC Venture Capital.

Boris Wertz

Super angel Boris Wertz’s seed fund makes quick ascent to North America’s top 10

Boris Wertz launched Version One Ventures with the aspiration of making it “one of the top 10 seed funds in North America.” Less than a year later, he appears to have realized that ambition. U.S. data platform Mattermark last month ranked Vancouver-based Version One as No. 8 on a list of 115 leading VC investors. PeHUB Canada Editor Kirk Falconer sat down with Wertz to find out his secret to success.

Reuters – CA Technologies to Acquire Layer7

CA Technologies is to acquire Layer7, according to VentureBeat, writes Reuters. Neither company disclosed the terms of the acquisition. Layer7, founded in 2003, had raised about $20 million from BDC Venture Capital, GrowthWorks Capital, and Shoreline Venture Management.

Coveo Secures Funding Led by Tandem

Search technology provider Coveo has secured $18 million in funding led by Canadian late-stage technology investment firm Tandem Expansion Fund. All major existing investors also participated in the round, including BDC Venture Capital, Propulsion Ventures SEC and Fonds de solidarité FTQ.

3i Promotes Coveo’s Search Platform

3i Group has employed Coveo for its enterprise search-based platform, Insight Solutions. Coveo’s solutions have enabled 3i to be more effective at identifying and retrieving internal information and at identifying industry expertise among investment professionals. Quebec-based Coveo is backed by BDC Venture Capital, Propulsion Ventures, and The Solidarity Fund. PRESS RELEASE Today Coveo announced that […]

Teralys Capital, Eli Lilly and Others Back TVM Life Science Ventures VII

Teralys Capital has invested $65 million in TVM Life Science Ventures VII which has closed on $150 million. The fund, which is managed by international investment group TVM Capital, will focus on early stage drug development and life sciences companies. Other backers of the fund include Eli Lilly and institutional investors including BDC Venture Capital, […]

Celtic House Venture Partners Reaches First Close

Celtic House Venture Partners has reached a first close of Celtic House Venture Partners Fund IV LP at $105 million. Investors in the fund include Ontario Venture Capital Fund, Teralys Capital, Export Development Canada and BDC Venture Capital. PRESS RELEASE Celtic House Venture Partners today announced the first close of Celtic House Venture Partners Fund […]

Ericsson Acquires BelAir Networks

Ericsson has acquired BelAir Networks, a North American carrier-grade Wi-Fi company. Investors in BelAir Networks include Export Development Canada, Wellington Financial, BDC Venture Capital, Comcast Interactive Capital, McLean Watson, MMV Financial, Panorama Capital, T-Mobile Venture Fund, Trilogy Equity Partners, VenGrowth Capital Partners and Ventures West Management. PRESS RELEASE Ericsson (NASDAQ:ERIC) today announces the completion of […]

SeaWell Networks Inks $5M

Toronto-based SeaWell Networks Inc., a maker of multi-platform video delivery software for network operators, has raised $5 million in Series B financing. Northwater Intellectual Property Fund LP 2 led the round, with participation by BDC Venture Capital. The money will be used to support ongoing trials with customers, and to expand sales and distribution, the company said.

iNovia Capital Raises $110M Third Fund

iNovia Capital has raised $110 million for its third fund, iNovia Investment Fund III L.P. The firm said investors in the fund include Teralys Capital, BDC Venture Capital, AVAC Ltd., Alberta Enterprise and the BC Renaissance Capital Fund. iNovia focuses on investments in information technology companies in North America.

IBM Acquires Q1 Labs

IBM is acquiring Q1 Labs, a Waltham, Mass.-based company that sells security intelligence software. Financial terms of the deal were not disclosed, but Q1 Labs, founded in 2001and has received venture backing from Polaris Venture Partners, Menlo Ventures, BDC Venture Capital and Globespan Capital Partners among others over the years. PRESS RELEASE: IBM (NYSE: IBM) […]

REGEN Energy Adds $5.5M from NGEN, BDC

REGEN Energy Inc. has closed on $5.5 million in equity financing from from cleantech investors NGEN Partners and BDC Venture Capital. As a result, Robb McLarty of NGEN and Larry Lam of BDC join the company’s board. The company is developing wireless demand management and demand response products to help commercial and industrial facilities control their HVAC systems.

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