2016-10-31
Funds
OTPP jumps back to dedicated VC investing with Teachers’ Innovation Platform
Ontario Teachers’ launched Teachers’ Innovation Platform (TIP) led by Olivia Steedman, a dedicated late-stage venture capital and growth equity investment platform
Sofinnova Investments forms Canadian subsidiary led by Dr. Maha Katabi
Menlo Park, CA based Sofinnova Investments established Canadian office led by Dr. Maha Katabi and may commence Canadian fundraising for its upcoming XI fund
ARC Financial holds second close for Fund 9
ARC Financial hold second close for its 9th energy fund, ARC Energy Fund Fund 9, a 2018-vintage fund.
TandemLaunch holds $23M initial close for TandemLaunch Ventures III
TandemLaunch Ventures III held $23M initial close with $5M from BDC Capital/VCCI. Émilie Boutros joined Helge Seetzen as GP of Fund III
Deals
GI Partners’ Togetherwork acquires UnionWare
GI Partners owned Togetherwork acquired UnionWare from founder Jim Perchaluk
People
Sofinnova Investments forms Canadian subsidiary led by Dr. Maha Katabi
Menlo Park, CA based Sofinnova Investments established Canadian office led by Dr. Maha Katabi and may commence Canadian fundraising for its upcoming XI fund
Sponsored Contents
Open Banking: what’s really at stake – by Richard Remillard
“Can Canada build such a national project when it is having such difficulty getting national projects for the 20th century economy off the ground, out of the ground and out to market?”
Analysis
Cannabis financing Series 4: US investors largest cannabis funders
US investors invested $6.03 billion, accounting for 61% of $10 billion disclosed cannabis investments, almost doubling of the total amount by Canadian investors ($3.1 billion)
Cannabis financing Series 3: US cannabis operating companies capture ever larger share
Ontario cannabis and related companies received lion’s share of cannabis investments. US and companies with major US operations captured increasing share of investments with $3.64B (23%)
Cannabis financing Series 2: The CSE most active exchange 349 deals for $4.65B
The CSE most active exchange in Canada leading with 349 cannabis and related deals for $4.65B (29% of the $16 billion total)
Cannabis financing Series 1: total funding surpasses $16B in 2018
Cannabis and related companies raised $16 billion in 2018, 445% increase over 2017 and 2,117% over 2016.
