Hortau snaps up $10 mln

By Iris Dorbian — 1 week ago

San Luis Obispo, California and Quebec-based Hortau, a provider of precision irrigation management solutions, has raised $10 million in funding. Advantage Capital Agribusiness Partners LP led the round with participation from BDC Capital Inc, Avrio Ventures and Capital régional et coopératif Desjardins.

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ICV leads Series C round for Diablo Technologies

By Iris Dorbian — 1 month ago

Ottawa, Ontario and San Jose, California-based Diablo Technologies, a memory solutions provider, has raised $19 million in Series C funding. ICV led the round with participation from Battery Ventures, BDC Capital, Celtic House and Hasso Plattner Ventures. In addition to the funding, Diablo has appointed Mark Stibitz as chairman and CEO.

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Zymeworks scores $61.5 mln Series A

By Iris Dorbian — 1 month ago

Vancouver, British Columbia-based Zymeworks, a biotherapeutics company, has raised $61.5 million in Series A funding. BDC Capital and Lumira Capital led the round with participation from other investors that included Eli Lilly and Company, Celgene, CTI Life Sciences Fund, the Fonds de solidarité FTQ. Perceptive Advisors, Teralys Capital, Northleaf Venture Catalyst Fund, Brace Pharma Capital and Merlin Nexus. In addition to the funding, Dion Madsen, a senior managing partner at BDC Capital’s healthcare venture fund, has been added to Zymeworks’ board of directors while Dr. Daniel Hétu, a managing director at Lumira Capital, will become an observer.

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Trulioo snaps up $15 mln

By Iris Dorbian — 2 months ago

Vancouver, British Columbia-based Trulioo, a provider of identity verification solutions, has secured $15 million in funding. The investors included American Express Ventures, BDC Capital, Blumberg Capital and Tenfore Holdings. In conjunction with the funding, Andrew Lugsdin, a partner at BDC Capital, is joining Trulioo’s board of directors.

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Coveo grabs $35 mln Series D

By Iris Dorbian — 3 months ago

Coveo, a provider of intelligent search solutions, has raised $35 million in Series D funding. IQ Venture Capital led the round with participation from return backers that include Tandem Expansion Fund, BDC Capital, Propulsion Ventures SEC, Fonds de solidarité FTQ and Coveo CEO Louis Tetu. PRESS RELEASE QUEBEC–(Marketwired – November 05, 2015) – Coveo, a recognized […]

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Canadian startup Encycle Therapeutics nabs C$2.85 mln

By Iris Dorbian — 5 months ago

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.

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CENX rakes in $12.5 mln Series D

By Iris Dorbian — 6 months ago

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.

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Xagenic scores Series B funds

By Iris Dorbian — 7 months ago

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.

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Milestone Pharma raises $17 mln

By Luisa Beltran — 8 months ago

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.

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Milestone Pharmaceuticals picks up $17 mln

By Iris Dorbian — 8 months ago

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.

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GaN Systems snags $20 mln

By Iris Dorbian — 9 months ago

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.

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Extreme Venture Partners, BDC Capital invest in SensorSuite

By Luisa Beltran — 10 months ago

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.

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BDC Capital and SR One leads Series D round for Thrasos

By Iris Dorbian — 11 months ago

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.

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D-Wave Systems snags C$29 mln

By Iris Dorbian — 1 year ago

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.

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BitHound pulls in $2 mln seed

By Iris Dorbian — 1 year ago

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.

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LeddarTech ropes in $7 mln

By Iris Dorbian — 1 year ago

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.

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