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.Continue
Ranovus, a provider of multi-terabit interconnect solutions for data center and communications networks, has secured $24 million in financing. Its backers include Azure Capital Partners, T-Venture, BDC Venture Capital, OMERS Ventures and MaRS Investment Accelerator Fund.Continue
Flybits, a Toronto-based software start-up, has raised $3.75 million in Series A financing. Robert Bosch Venture Capital and Trellis Capital Corp. led the round with participation from MaRS Investment Accelerator Fund and Ryerson Futures.Continue
Intel Capital, the investment arm of chip maker Intel Corp., has struck four deals across a few industries that total up to a $24.5 million deployment. News of the deals came at a briefing in New York Monday where Intel Capital President Arvind Sodhani told attendees the latest venture investments bring to $10 billion the total amount of capital deployed on incubator investments by the tech titan.
Intel didn’t specify who got what from its VC arm, but the proud recipients of new funding include….Continue