The Hansen-MacDonald Family, Micco Group of Companies, Jim Spatz, The Steele Family backed Founders East Capital Partners acquired Maritime Beauty Supply from founder Maurice Doucet.
SeaFort Capital Fund II acquired majority stake in Parts for Trucks, Inc. from Raymond family. CEO Corey Miller and existing management team continue to lead the company.
Mara Renewables held initial close of $39.5M financing led by InvestEco Capital with participation of BDC Cleantech Practice, Export Development Canada, MacKinnon, Bennett & Company Inc., Thai Union Ingredients Co, CFFI Ventures, James Richardson & Sons and others. Mara will completed 2nd closing with Clear Creek Investments, LLC in the coming month.
Ted Grant and Hanspeter Stutz founded Fundy Drinks secured $2M non-dilutive funding from BDC Capital Growth & Transition Capital. Paul Ryan, Director of Growth & Transition Capital, led the transaction.
Mike Kelland, Dr. Greg Rau, and Brock Battochio founded Planetary Technologies raised $4.2M in pre-seed and seed funding from Innovacorp and Apollo Projects and others and $3.6M in grant funding.
Curv Health secured $5.1M seed funding led by iGan Partners and Build Ventures with participation from Kale Investment Fund, Globalive Capital and NewFund Capital. iGan's Joel Finlayson and Build Ventures' Patrick Keefe will join Curv Health board of directors.
Babcock & Wilcox Enterprises acquired Fossil Power Systems Inc. for CDN $75M from Trevor Siteman, Mark Donahue, Tim Stott, Paul Anderson, Jonas Hackmann and others
SeaFort Capital Inc. held $110M initial close for Fund II with $40M from founding Sobey and McCain families, $70M from external investors Export Development Canada (EDC), CIBC, BMO Capital Partners, Jessiman Family Investments Inc, successful entrepreneurs and family offices
Sandpiper Ventures held $10M initial close for Sandpiper Venture Fund I from institutional and individual investors and family offices including Annette Verschuren, Gerry Pond, Mark Dobbin, Brigus Capital, Technology Venture Partners, Roynat Capital
Proposify announced closing of $5M second round of investment from the Canadian Business Growth Fund and Innovacorp, for a total of $13 million over the last year
Talkatoo secured new financing from Klick Ventures, Blu Ventures, Concrete Ventures, Manifold Group, Globalive Capital, Dr. Ivan Zak (CEO at Galaxy Vets). Klick Group's Leerom Segal will join Talkatoo board of directors.
Coloursmith Labs secured $2M seed funding led by Sandpiper Ventures with participation of pre-seed investors Brigus Capital Inc., Island Capital Partners LP, and Killick Venture Fund LP.
Innovacorp backed Swarmio Inc. to go public on the Canadian Securities Exchange (CSE) by way of RTO and non-offering prospectus listing, at a deemed valuation of $20.7M