Toronto/Vancouver based Zucara Therapeutics secured US $21M Series A funding from Perceptive Xontogeny Venture Fund. Chris Garabedian and Fred Callori joined Zucara board.
Osisko Gold Royalties (TSX/NYSE: OR) to close $85M equity financing with Investissement Québec (IQ)
Cummins (NYSE: CMI) made additional milestone investment in Loop Energy, provider of fuel cell electric range extenders for medium and heavy-duty transport applications. Wayne Eckerle, Cummins VP of Global Research and Technology, joined Loop Energy’s Board
Mill Road Capital III acquired additional shares of Major Drilling Group International to own 8,145,840 common shares (10.10%) and may wish to engage in a constructive dialogue with the company
Validere secured US $15M Series A funding from Wing VC (lead), Greylock Partners and Sallyport Investments. Aaref Hilaly, Wing VC Partner, will join Validere board.
SaaS insurtech company Relay Platform secured US $3M seed funding led by NFP Ventures with participation of American Family Insurance, Highline Beta, Plug and Play Ventures, and business angels from the reinsurance world
Birch Hill Equity Partners entered into an agreement with Tidewater Midstream and Infrastructure to nominate two Birch Hill nominees and a new independent individual on the slate of directors in upcoming AGM
PolicyMe secured $3.3M funding co-led by Consorcio – HCS Capital and Westdale Properties. Luis Felipe San Martin and Jeffrey Kimel to join PolicyMe board
Caisse de dépôt et placement du Québec (CDPQ) acquired Plenary Group (Canada) from Sydney, Australia based Flag Group and Plenary Group Holdings (Plenary Asia Pacific)
Affinity acquired assets of OMERS Ventures backed Nudge Software, including Nudge technology, Intellectual Property and the majority of its product and engineering team
GradeSlam/Paper secured US $7.5M funding from Reach Capital (lead), Bullpen Capital, Birchmere Ventures, BDC Capital, Real Ventures, Google, Red House Education, Edovate Capital, and Anges Quebec.
Checkfront secured $9.3M Series A funding led by Framework Venture Partners with participation of PenderFund, Conconi Growth Partners and Royal Bank of Canada. Andrew Lugsdin of Framework will join Checkfront board.
Caisse de dépôt et placement du Québec (CDPQ) increased stake in Azure Power Global Limited (NYSE: AZRE) to 50.9%
Former Managing Director of Google Canada Chris O’Neill joined Portag3 Ventures as a Partner based in San Francisco.
Innovacorp backed Metamaterial Technologies closed RTO with Continental Precious Minerals. The resulting issuer “Metamaterial Inc.” will commence trading on CSE under “MMAT”
ONCAP owned Walter Surface Technologies acquired Aerochem from founders Michel Caron, Vincent Houde, and Yvon Carrier.
Fonds de solidarité FTQ and Investissement Québec (IQ) acquired stakes in CIF Metal, together with Desjardins Capital collectively gaining control of the company
