Canadian startup Encycle Therapeutics nabs C$2.85 mln

Toronto-based drug discovery company Encycle Therapeutics has closed C$2.85 million in funding. The investors were Takeda Ventures Inc, Accel-Rx Health Sciences Accelerator, BDC Capital and MaRS Investment Accelerator Fund. Encycle is a University of Toronto spin-out.


CENX rakes in $12.5 mln Series D

CENX, a provider of service orchestration solutions for software-defined networks, has secured $12.5 million in Series D funding. The investors were BDC Capital, Mistral Venture Partners, VMware, Highland Capital Partners, Mesirow Financial Private Equity Inc, Verizon Ventures, Ericsson, DCM Ventures and Cross Creek Advisors.

Xagenic scores Series B funds

Toronto-based molecular diagnostics company Xagenic has secured C$15 million in Series B funding. The investors included Domain Associates, CTI Life Sciences, BDC Capital and the Ontario Capital Growth Corporation.

Milestone Pharma raises $17 mln

Milestone Pharmaceuticals Inc. said Monday that it closed a $17 million series B financing led by Domain Associates. All of Milestone’s existing investors including Fonds de solidarité FTQ , Pappas Ventures, BDC Capital, GO Capital and iNovia Capital participated in the round. Montreal-based Milestone Pharma is a clinical stage cardiovascular company.

Milestone Pharmaceuticals picks up $17 mln

Canada-based Milestone Pharmaceuticals, a drug developer focused on cardiovascular diseases, has raised $17 million in Series B funding. Domain Associates led the round with participation from other investors that included Fonds de solidarité FTQ, Pappas Ventures, BDC Capital, GO Capital and iNovia Capital. In conjunction with the funding, Domain’s Debra Liebert has been added to Milestone’s board of directors.

GaN Systems snags $20 mln

Canada-based GaN Systems Inc, a developer of gallium nitride power switching semiconductors, has raised $20 million in financing. Cycle Capital Management led the round with participation from BDC Capital, Tsing Capital, Chrysalix Energy Venture Capital and RockPort Capital.


Extreme Venture Partners, BDC Capital invest in SensorSuite

SensorSuite Inc. said Monday that it closed a round of funding from Extreme Venture Partners, BDC Capital, and private angels. Financial terms weren’t announced. Mississauga, Ontario -based SensorSuite provides wireless monitoring and energy saving solutions for multi-residential, commercial, and industrial buildings.

BDC Capital and SR One leads Series D round for Thrasos

Montreal-based Thrasos Therapeutics, a biotherapeutics company focused on kidney disease, has closed $21 million in Series D funding. BDC Capital and SR One led the round. In conjunction with the funding, Ela Borenstein, a manager partner at BDC, has been added to the Thrasos board of directors.

D-Wave Systems snags C$29 mln

D-Wave Systems Inc, a quantum computing company headquartered in Burnaby, British Columbia, has secured C$29 million in funding. The investors in this round were not named; however, D-Wave’s previous backers include Bezos Expeditions, BDC Capital, DFJ, Goldman Sachs, Growthworks, Harris & Harris Group, In-Q-Tel, International Investment and Underwriting and Kensington Partners Limited.


CTI Life Sciences collects C$134 mln for second venture fund

Montreal-based CTI Life Sciences has raised C$134 million in the first close of its second venture fund. The pool’s limited partners include Teralys Capital and BDC Capital via the Government of Canada’s Venture Capital Action Plan. CTI II will invest mostly in biotherapeutics.


BitHound pulls in $2 mln seed

BitHound has received over $2 million in seed funding. The investors included Michael Wekerle of Difference Capital and BDC Capital. Headquartered in Kitchener, Ontario, BitHound is a software analytics solutions provider.


LeddarTech ropes in $7 mln

LeddarTech has raised $7 million in funding. BDC Capital and GO Capital led the round. Based in Quebec, LeddarTech provides advanced detection and ranging systems based on sensing technology.


Montreal-based Execution Labs snags C$6 mln Series A

Montreal-based Execution Labs, a game accelerator and investment platform, has received C$6 million in Series A funding. Corus Entertainment led the round with participation from return backers BDC Capital, Real Ventures and White Star Capital. In addition to the funding, Execution Labs has added Scott Dyer of Corus to its board.


AppMakr acquires rival VC-backed Appifier

App building platform AppMakr has bought Montreal-based rival Appifier. No financial terms were disclosed. Appifier was backed by BDC Capital and The National Research Council of Canada.


REGEN Energy closes Series B funding round on over $12 mln

REGEN Energy Inc., which provides a wireless smart grid technology platform for building owners to manage electrical demand, has closed its Series B funding round on more than $12 million. The funding round was led by new investors including a U.S. utility company, Export Development Canada and EnerTech Capital, and was supported by existing REGEN investors BDC Capital and NGEN Partners.


Blinq Networks raises $15.1 mln

Blinq Networks said Monday it raised $15.1 million in Series B funding led by the Win Fund. Kensington Global Private Equity Fund is a new investor. Existing investors BDC Capital, New Venture Partners and Summerhill Venture Partners also participated in the round. Plano, Texas-based Blinq, which has raised $32.5 million in total financing, provides network services that help mobile operators deliver mobile broadband services in high density areas.

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget