Blockstream secured US $125M in convertible note and secured loan. Kingsway Capital led the convertible note with Fulgur Ventures and others participation. Cohen & Company Capital Markets acted as exclusive financial advisor while Osler, Hoskin & Harcourt LLP acted as legal counsel. Continue Reading
Jean-Guy Desjardins, founder and Executive Chairman of Fiera Capital Corporation and controlling shareholder, returned as CEO effective immediately, replacing Jean-Philippe Lemay who became Global President & CEO in January 2022. Continue Reading
NorthStar Earth & Space Inc. secured US $35M Series C led by Cartesian Capital Group, LLC with participation of Telesystem Space Inc., Luxembourg Future Fund – Co-Investments SA, Investissement Quebec, and Luxembourg Space Sector Development Fund SCSp. Continue Reading
Sym-Tech Dealer Services, a subsidiary of Madison Dearborn Partners backed Amynta Group, closed acquisition of SSQ Dealer Services from Beneva Group. Francis Vallée will continue to lead SSQ Dealer Services, to be rebranded as Sym-Tech Dealer Services. Continue Reading
Fonds de solidarité FTQ and Crédit Mutuel Equity backed Searchlight Pharma to acquire Nuvo Pharmaceuticals Inc. dba Miravo Healthcare for $91.4M from Deerfield Management Company, Red Oak Partners, LLC, and other shareholders.Continue Reading
Sagard Private Equity Canada led investment group including Fondaction and Roynat Equity Partners invested in Routhier Monette family led Courchesne, Larose. Debt financing was provided by National Bank of Canada, CIBC, RBC, Scotiabank, Roynat Capital, Roynat Equity Partners, Fondaction, Fonds de solidarité FTQ.Continue Reading
Power Sustainable Capital Inc. increased stake in The Lion Electric Company (NYSE/TSX: LEV) from 33.9% to 35.4% with investment of US $25M, part of Lion Electric’s US $50M offering led by B. Riley Securities and National Bank Financial Inc. Continue Reading
Winter Farm secured $46M financing led by Investissement Québec with participation of Desjardins, Farm Credit Canada, Financière Agricole du Québec, Capital Financière Agricole Inc., two private partners. Investissement Québec became the largest shareholder in Winter Farm. Continue Reading
Fondaction and Priori-T Capital launched $160M Inlandsis II with $115M initial close from the Lucie and André Chagnon Foundation, Sabius Private Institutional Mandate (Dalpé Wealth Partners), Société Financière Bourgie, HEC Montréal, Horizon Capital Holdings, Capital Benoit and Genus Capital Management, and Fondaction and Priori-T Capital.Continue Reading
Karim Benabdallah, Chase Belair, Malik Yacoubi, Damien Charbonneau founded nesto secured $80M Series C funding led by IGM Financial with participation of Diagram Ventures, Portage, NAventures/National Bank of Canada, BMO Capital Partners, and Michael Rowell and Michael Paulus. Damon Murchison, CEO of IG Wealth Management, has joined nesto board of directors.Continue Reading
Zoya Shchupak, Sylvain Carle, Mario Venditti and Danny Grant led Innovobot Resonance Ventures held $14M first close of $40M targetted Deep Tech for Good from The Lorne Trottier Holding Company and private investors. Continue Reading
Dr. Christian Dansereau and César Laurent’s Perceiv AI secured $1.M in seed funding led by Plug & Play Ventures with participation of Centre for Aging + Brain Health Innovation (CABHI), Boreal Ventures, IKJ Capital, Red Abbey Labs, Investissement Québec, private investors. Continue Reading
Caisse de dépôt et placement du Québec (CDPQ) invested additional $150M in Pomerleau, playing a significant role in Pomerleau’s recent acquisition of ITC Construction Group. Continue Reading
Mid-Day Squares secured new financing following recent Series A led by Siddhi Capital with participation of Canadian, US, European and Asian investors.
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Mathieu Lavoie, Israël Hallé, Yohan Trépanier, Norman Menz led Flare Systems secured $3M Series A add-on from Fonds de solidarité FTQ and Theodorus, adding to $9.5M initial Series A led by Inovia Capital with participation from White Star Capital and Luge Capital. Continue Reading
Power Sustainable Energy Infrastructure Canada Fund I secures $600M in “Vintage II” commitments from founding partners Desjardins Group, Empower Annuity Insurance Company of America, and Après-demain SA, new commitments from Fonds de solidarité FTQ, the Coutu Family Office and Canada Post Corporation Registered Pension Plan. Continue Reading
Felix Deschatelets and Jacomo Deschatelets founded Emma Labs raised $6M venture debt funding from Silicon Valley Bank (SVB), following its $6M Series A led by Investissement Québec, Luge Capital, and Tactico. Continue Reading
