Toronto/Vancouver based Zucara Therapeutics secured US $21M Series A funding from Perceptive Xontogeny Venture Fund. Chris Garabedian and Fred Callori joined Zucara board.
Gemspring Capital, a lower middle-market private equity firm investing in US and Canadian companies, closed US $750M second fund
Caisse de dépôt et placement du Québec (CDPQ) is allocating $4B funding to support Québec companies temporarily impacted by COVID-19.
Resilience Capital Partners invested in Leader Auto Resources LAR’s US business and rebranded it DealerShop
GreenSpace Brands (TSX-V: JTR) closed $2.55M second tranche of non-brokered private placement with PenderFund Capital Management becoming “control person” with 27.5% stake
Osisko Gold Royalties (TSX/NYSE: OR) to close $85M equity financing with Investissement Québec (IQ)
Crown Capital Partners (TSX: CRWN) through Crown Partners Fund provided a two-year, $5.5 million term loan to Calgary based CCI Wireless – Corridor Communications Inc.
TorQuest Partners held final closing for TorQuest Partners Fund V with $1.375B in total committed capital from Export Development Canada (EDC) and others
Dane Creek Capital Corporation (DCCC) controlled United Raw Pet Foods acquired Tollden Farms from Annette and Kevin McAleer
Ontario Teachers’ and Utilities Trust of Australia (UTA)/Morrison & Co acquired The Infrastructure Fund (TIF)’s ownership stake in Sydney Desalination Plant (SDP) to own 100% of the plant lease
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
Ada Support secured US $44M Series B funding round led by Accel with participation of Bessemer Venture Partners, FirstMark, Version One, Leaders Fund and Burst Capital
FinTech company WealthyPlanet secured undisclosed amount of seed funding from Mercanti Management Inc.
BluWave (BlueWave-ai) closed $1.5M equity seed financing with OCE and a group of international private investors and $2.43M in non-dilutive financing from Sustainable Development Technology Canada (SDTC)
Video platform for AI developer VXG secured $1 million in seed funding from Verstra Ventures and MaRS IAF.
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
Engineers Without Borders Canada (EWB Canada) launched $20M social impact fund, Hummingbird Impact, to invest in for-profit, impact-driven gender-lens African tech ventures
