Bitcoin wallet company Flexcoin under investigation by Canadian police

Canadian police have launched an investigation after online bitcoin bank Flexcoin, which closed its virtual doors this week, said that it had lost about $600,000 worth of the digital currency in a hacker attack, Reuters reported. Flexcoin’s demise followed the collapse of Mt. Gox, once the world’s dominant bitcoin exchange, which filed for bankruptcy last week.

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.

Champlain-Backed Merger Creates Groupe JLD Laguë

JLD Group, which is owned by Canadian private equity firm Champlain Financial Corp., has merged with Équipements Laguë to form Groupe JLD Laguë. The merger is effective March 1, 2013, with each store retaining its brand name and logo.

CalPERS Gets Itself a New CFO: Cheryl Eason

The California Public Employees’ Retirement System (CalPERS) has named Cheryl Eason as its CFO, a newly created position to oversee the financial and risk management operations of the $243 billion pension fund. Eason was most recently a VP for the British Columbia Pension Corporation, one of the largest pension benefit administrators in Canada, and the largest in British Columbia.

Canada Gives Seed Money To Three Startups

The government of Canada said it gave $1,947,250 in seed money to three Ottawa-area startups: Toushay Inc.;  Protecode Inc.; and Benbria Corp. PRESS RELEASE Government of Canada Invests in Innovation, Jobs and Growth in Ottawa OTTAWA, ONTARIO – May 7, 2012 – The Honourable Gordon O’Connor, Minister of State and Member of Parliament for Carleton-Mississippi […]

Investors Poured 7x More Capital into Canadian VC Funds in Q3: Report

(Reuters) – Canadian venture capital funds raised C$365 million ($356.8 million) in the third quarter, more than seven times the C$47 million they raised in Q3 2010, according to a new report from the Canadian Venture Capital and Private Equity Association (CVCA). Fundraising for the first nine months of this year totaled C$739 million, just below […]

Canadian Venture Capital Investment Eases In Second Quarter; Fund Commitments Slid

TORONTO, Aug 16 (Reuters) – Venture capital investment in Canada slid 2% in the second quarter and new commitments to venture capital funds continued to fall, data showed on Tuesday. According to figures compiled by the Canadian Venture Capital and Private Equity Association and research partner Thomson Reuters, publisher of this blog, C$328 million ($334.7 […]

Consolidation In Canadian Venture Capital As Covington Swallows VenGrowth

While you were feasting on turkey and trimmings, Canadian venture capitalists were hard at work. Covington Fund II Inc. said Thursday it won approval to combine with five VenGrowth Asset Management funds. It offered no financial terms for the transaction, though VenGrowth assets are roughly $320 million. According to Covington, the deal will produce one […]

Bridgescale Adds Smyth to Focus On Social Media

Bridgescale Partners is adding a fifth partner. The firm is announcing today that Canadian Derek Smyth is joining the as a managing director, yet another indication that the growth stage investor is making a push in Canada. Smyth (pictured) previously served as a partner at EdgeStone Capital Partners and serves on the boards of RedMere […]

PEHUB Community

Join the 12493 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups