TriWest Capital Partners and Manitoba First Fund (MFF) launched TriWest Opportunities Fund Manitoba with Gary Coleman leading as Senior Director. TriWest became 2nd fund manager, following Westcap Mgt. Ltd., to receive MFF funding to establish Winnipeg based investment fund.
Nicolas Beique, Marjorie Junio-Read, and Brett Popkey led Helcim secured US $20M Series B funding led by Headline with participation of Clocktower Ventures, Vesey Ventures, SilverCircle, Information Venture Partners and Aquiline Technology Growth. King Goh, Partner at Headline, joined Helcim board.
Cornell Capital LLC and TorQuest Partners backed S.i. Systems ULC acquired HVN Solutions Ltd. and affiliated companies from founders Andrew Kieran, Nicholas Allard.
Will Zhang led OpenHouse ai secured $1.5M seed funding led by Trico Ventures Corp. with participation from home builders from across the US and Canada. Eleanor Chiu from Trico joined OpenHouse board of directors.
Dustin Hoffman and Dan van Kessel led Parallax Energy L.P. secured equity commitment from Carnelian Energy Capital Management, L.P.
iA Financial Group invested $25M for a 10% equity interest in AutoCanada's business unit that will sell finance, insurance and warranty products to buyers of private owner-sold vehicles on Kijiji's online marketplaces.
Canada Growth Fund to invest up to $200M in Entropy Inc. for 20% stake with Advantage Energy, Allardyce Bower Consulting, and Brookfield Global Transition Fund I holding remaining stakes. Brookfield would control Entropy once its $300M hybrid investment is fully drawn.
Jonah Chininga, James Muhato and Sergio Fernandez founded Woveo secured $2.3M in seed funding from BKR Capital, Relay Ventures, The Northpine Foundation, Gary Schwartz and The Canadian Lenders Association. BKR's Lise Birikundavyi, Relay's Alex Baker, and Schwartz joined Woveo board.
Aeterna Zentaris Inc. and Ceapro Inc. to combine in an all-stock merger of equals transaction with combined company under a new name listing on NASDAQ and TSX and Ceapro being delisted from TSX Venture.
Waterous Energy Fund held initial close for its 3rd flagship fund, Waterous Energy Fund III, with close to $1 billion in total capital commitments.
PSP Investments managed Canada Growth Fund invested $90M in Series B-1 stock in Eavor Technologies Inc., brining Eavor' Series B-1 funding to $149M, joining OMV AG (Vienna: OMV), bp Ventures, Eversource Energy, Vickers Venture Partners.