2016-10-31
Funds
CDPQ launches $250M artificial intelligence (AI) fund
Caisse de dépôt et placement du Québec (CDPQ) launched $250M fund dedicated to Québec businesses with a proven track record in artificial intelligence (AI).
BrandProject to raise second fund
BrandProject commenced fundraising for second fund, BrandProject Capital Fund LP, with unspecified fund target.
TIMIA Capital forms $10M limited partnership vehicle
TIMIA Capital formed $10.5M limited partnership (LP) and to receive $5M in cash and $2.4M LP interest for $8.2M portfolio to be transferred to the LP.
Panache Ventures Investment Fund 2018 holds third close
Fonds de Solidarité, Investissement Québec, Alberta Enterprise Corporation, TELUS backed Panache Ventures Investment Fund 2018 held third close
Deals
Scope AR secures US $9.7M Series A led by Romulus Capital
Scope Technologies, dba Scope AR, secured US $9.7M Series A from Romulus Capital, SignalFire, Susa Ventures, Haystack, New Stack Ventures, North American Corporation, and Angel List.
People
Onex hires João Pedro Silva as Managing Director – Group Procurement
João Pedro Silva joined Onex Corporation (TSX: ONEX) as Managing Director – Group Procurement in its New York office.
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 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.
Transparency at the expense of ‘looking good’?
Integrity and truthfulness do pay; manufactured “looking good” does not help
