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Kirk Falconer

Other investors include MTR Corp Ltd, Marubeni Corp, Plenary Group and CIMIC Group Ltd.
Potloc, a Montréal-based provider of consumer intelligence, has raised more than $13 million in a Series A financing. The round, which brings total funding to $17 million, was led by Brightspark Ventures and Investissement Québec and joined by Fonds Ecofuel, Cap Horn and Desjardins Capital​. Founded in 2014 by CEO Rodolphe Barrerre, COO Louis Delaoustre and CTO Jérémy Lagrue, Potloc will use the funds raised for new hires, entering new markets, including the U.S., U.K. and elsewhere in Europe, and developing artificial-intelligence capabilities.
Knowlton Development Corp (KDC/ONE) has acquired Benchmark Cosmetic Laboratories Inc, an Irvine, California-based custom formulator for established and emerging beauty brands. No financial terms were disclosed. Based in Longueuil, Québec, KDC/ONE is a custom maker of beauty, health and personal care brands. Last year, the company was acquired by a consortium led by U.S. private equity firm Cornell Capital for more than $1 billion. The seller was Novacap.
Mylo, a Montréal-based automated savings and investment app, has secured $10 million in financing, bringing its total funding to $14 million. The latest round was led by NAventures, the venture capital arm of National Bank of Canada. It was joined by existing investors Desjardins Capital, Ferst Capital Partners and Tactico. Launched in 2015 by CEO Philip Barrar, Mylo will use the proceeds for product innovation, new hires, continued growth in Canada, and expansion internationally.
Luge Capital has raised additional resources for its debut early-stage financial technology venture capital fund, bringing it to a total size of $85 million. The new commitments came from iA Financial Group and BDC Capital, which join existing Luge investors Caisse de dépôt et placement du Québec, Desjardins Group, Sun Life Financial, Fonds de solidarité FTQ and La Capitale. Montréal- and Toronto-based Luge was founded last year by General Partners David Nault and Karim Gillani. It has to date led or co-led investments in Finaeo, Flare Systems, Flinks and Owl.co.
Flare Systems, a Montréal-based dark-net intelligence platform focused on helping financial institutions prevent cyber-crimes, has raised $1 million in a seed-stage financing. The round was led by Luge Capital, a Canadian fintech venture capital firm. Also participating was White Star Capital. Founded in 2017, Flare Systems will use the round's proceeds to expand its roll-out in Canada and the United States, and further develop its suite of products. Luge last year raised an initial $75 million for its inaugural fund.
TPG Capital raised $14.2 billion in the final close of its eighth flagship fund and a sidecar vehicle focused on healthcare investing, two people with knowledge of the matter told Buyouts. The private equity firm, based in Fort Worth, Texas, and San Francisco, recently wrapped up TPG Partners VIII at $11.5 billion, the people said, […]
City Wide Towing & Recovery Service Ltd, a Calgary-based provider of recovery services, has combined with ULS Maintenance & Landscaping Inc, a Rocky View, Alberta-based provider of snow and ice management, garbage collection, landscape maintenance and other services in Western Canada. Terms weren't disclosed. The companies said the deal creates one of Canada's largest municipal service businesses. Canadian mid-market private equity firm Signal Hill Equity Partners, which invested in City Wide in 2015, provided growth capital to support the merger.
Oxford Living, the Canadian seniors housing management and investment affiliate of U.S. real estate private equity firm Oxford Capital Group, has acquired six private-pay supportive living properties located across Ontario. No financial terms were disclosed. The deal, done in partnership with Starr Insurance Companies, increases Oxford Living's portfolio of Ontario retirement communities to fifteen.
The Sacramento Municipal Utility District (SMUD) is looking to raise a venture capital fund to back startups developing mobility technology, according to a report by the Sacramento Business Journal. The fund is targeting US$100 million, the report said, mostly from corporate investors, such as automotive and technology companies. EnerTech Capital, a Toronto-based energy technology venture capital firm, will manage the fund.
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