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Nexus Venture Partners, BDC and Mark Cuban back Procurify

Procurify has received $1.2 million in seed funding. The investors included Nexus Venture Partners, Mark Cuban and the Business Development Bank of Canada. Based in Vancouver, British Columbia, Procurify is a cloud procurement software company.

Chaordix Secures Series A Financing

Chaordix has secured Series A financing, led by Yaletown Venture Partners and with participation by the Business Development Bank of Canada. Headquartered in Calgary, Canada, Chaordix crowdsourcing programs help global organizations gain market research, brand loyalty and innovation. PRESS RELEASE Chaordix(R) Inc., the global standard in crowdsourced market intelligence, today announced it has secured Series […]

Circle Cardiovascular Pumps Out $3.9M in Financing

Calgary-based Circle Cardiovascular Imaging Inc. has raised $3.9 million in a round led by the Business Development Bank of Canada. Foundation Equity, First Yellowhead Equities and undisclosed independent investors also contributed to the round. The infusion will help Circle Cardiovascular commercialize its software suite, designed for diagnosing a wide range of cardiovascular diseases.

Monteris Medical Closes $8.6M Round

Winnipeg-based Monteris Medical Inc. has closed on an $8.6 million financing round led by the Business Development Bank of Canada. BDC made the investment in partnership with US-based Southwest Michigan First, and undisclosed individual investors, the company said Thursday. The money will help Monteris to commercialize its technology for the treatment of brain tumors.

Milestone Pharma Inks $13M

Milestone Pharmaceuticals Inc., a Montreal-based cardiovascular drug development company, has raised $13 million in fresh capital. Pappas Ventures, the Business Development Bank of Canada and GO Capital co-led the round. Fonds de solidarité FTQ, iNovia Healthcare Ventures and Fonds Bio-Innovation also participated. The money will be used for continued development. As a result of the round, Eric Linsley, managing partner of Pappas Ventures; Scott Weiner, senior principal at Pappas Ventures; and Dominic Jaikaran, principal at BDC Health Venture Fund, will join Milestone’s board.

BDC Puts $2.5M into Nexterra

The Business Development Bank of Canada has put $2.5 million into Nexterra Systems Corp., a biomass gasification company. In addition to a recent $15 million infusion from Tandem Expansion Fund and ARC Financial, Nexterra has secured a total of $17.5 million this year. Nexterra is based in Vancouver.

Investors Launch Vancouver-based “Start-up Boot Camp”

Venture investors iNovia Capital, the Business Development Bank of Canada and BlackBerry Partners Fund have teamed up to launch a Vancouver-based accelerator program called GrowLab, the firms announced Thursday. Dubbed a “start-up boot camp” for entrepreneurs, participating companies can seal up to $25,000 in seed financing, four months of mentorship, free office space and the opportunity to pitch investors at the end of the program for follow-on funding.

General Fusion Rounds up Nearly $20M in Series B

General Fusion is having a happy Cinco de Mayo. The utility-scale fusion power company reeled in $19.5 million in a Series B round that included investors Cenovus Energy, through its Environmental Opportunity Fund, Bezos Expeditions, the personal investment company of Jeff Bezos, Chrysalix Energy Venture Capital, GrowthWorks, Braemar Energy Ventures, Entrepreneurs Fund, Business Development Bank of Canada (BDC), and SET Venture Partners.

AppNeta Secures $6.2M in VC

AppNeta, a cloud-based provider of network performance management technology, has closed on $6.2 million in new venture funding. Investors include Bain Capital Ventures, Egan-Managed Capital, JMI Equity, and Business Development Bank of Canada. The money will help AppNeta expand its cloud-based network performance management service. AppNeta is based in Wellesley Hills, Mass.

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