Toronto-based ViXS Systems Inc., a semiconductor company which designs and develops high-performance media solutions, has entered into a going-public transaction whereby a subsidiary of ViXS will amalgamate with capital pool company W7 Acquisition Corp. Upon completion of the transaction, W7 shareholders will ultimately receive common shares of the publicly-traded ViXS. ViXS was founded in 2001 with the backing of Celtic House Venture Partners. Its other investors include Export Development Canada, New Enterprise Associates and Novacap.
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Ottawa-based BTI Systems Inc. has named software industry veteran Tod Nielsen to the company’s board of directors. Nielsen recently helped establish the EMC/VMware spin-off Pivotal Initiative. Prior to that he was with VMware, Borland and Microsoft. BTI, a provider of intelligent networking software and systems, has been venture-backed since 2000. Its investors include Bain Capital Ventures, BDC Venture Capital, Covington Funds, Export Development Canada, GrowthWorks and Kodiak Venture Partners.
EnerTech Capital has closed its lead investment in a $3.85 million financing round along with co-investor Export Development Canada in N-Dimension Solutions. The business is a smart Grid cyber security company based in Richmond Hill. PRESS RELEASE EnerTech Capital is pleased to announce the closing of its lead investment in a $3.85 million financing round [...]
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 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 [...]
DIRTT Environmental Solutions Ltd., a maker of pre-manufactured interior walls, has closed on $22 million in financing led by New York-based Expansion Capital Partners. Investment firms NGEN Partners, Apex Venture Partners, Export Development Canada and North Sky Capital also contributed. As a result, Expansion general partner Diana Propper de Callejon joins DIRTT’s board.
Mobile data intelligence company Neuralitic Systems has raised $8 million in Series B financing. New investor Export Development Canada led the round, which included participation from existing investors BlackBerry Partners Fund, BDC Venture Capital, Vertex Venture Capital and GO Capital LP. The money will help Neuralitic Systems expand its operations and development. The company, based in Montreal, has raised a total of $20 million to date.