Vendasta Technologies closed recap with $20M new capital infusion and conversion of $52.5M outstanding debenture. Foundry led the financing, with Brad Feld, partner and co-founder of Foundry, joining Vendasya board of directors.
Brendan King founded and Vanedge Capital, BDC Capital, Lugard Road Capital backed Vendasta celebrated 15th year in operation and expected to announce new financing, adding to $160M raised so far.
PFM Capital held initial close for Apex IV Investment Fund with commitments primary from accredited investors from Saskatchewan.
PFM Capital Inc., BDC Capital and Roynat Equity Partners, acquired a majority interest in Sexton Family of Companies. Sexton Investments will retain a minority ownership interest.
Kyle Folk led Ground Truth Ag secured $4M seed funding led by Conexus Venture Capital Inc. with participation of SaskWorks Venture Fund Inc., Tall Grass Ventures, Golden Opportunities Fund Inc., WTC Investments LP, private investors.
Westcap Mgt. Ltd., through Golden Opportunities Fund Inc. and Westcap MBO III Investment LP, acquired significant stake in WBM Technologies LP. JoeAnne Hardy and Brett Bailey retain their ownership and leadership roles and Bob Hardy is retiring from company.
Vantage Chance Limited converted 157,325,071 Western Potash Holdings Corp. shares into 219,729,258 common shares of Western Resources Corp., becoming largest and controlling shareholder.
Tom Ross and Erik Frederiksen founded Andgo Systems secured $5.6 million in Series A funding co-led by First Ascent Ventures and Waterline Ventures.
BVI domiciled Chinese firm Vantage Chance Limited completed $80M tranched investment in Western Potash Holding Corp. for 54% stake with the remaining 46% owned by Western Resources Corp. (TSX: WRX).
Western Potash Corp., wholly owned subsidiary of Western Resources Corp. (TSX: WRX), closed $45M first tranche of $85M loan transaction with Appian Capital Advisory LLP.
Natasha Vandenhurk and Elysia Vandenhurk led Three Farmers Foods secured $6.2M new funding from District Ventures Capital, Export Development Canada, Golden Opportunities Fund Inc., and PIC Investment Group.
Mark Wolff and Neil Reddekopp founded myComply raised US $4.5M in seed funding round, consisting US $1.5M non-dilutive government grants/investment and US $3M equity funding from private investors.
Scott Love's StoreToDoor secured $1.25M seed funding from Inverted Ventures, LEX Capital Corp., Golden Opportunities Fund, Startup TNT, and private investors.
PFM Capital Inc. and Roynat Equity Partners acquired undisclosed stakes in Wayne Grund's GHC Systems Inc., supplier of high-performance hair care products for salons and stylists.
7shifts raised $80M in Series C funding led by SoftBank Vision Fund 2 with participation from Ten Coves Capital and Enlightened Hospitality Investments. David Boriss, Director of SoftBank Investment Advisers, joined 7shifts board of directors.
HomeTeam Live raised $450,000+ pre-seed capital funding from external high net-worth investors, as well as angel investors from Saskatchewan and across Western Canada.
Westcap Mgt. Ltd. held final close for Westcap MBO III Investment LP, securing $285M in total capital commitments. Fund III will be led by Grant Kook, Rob Connoly, Jamie Schwitzer and Lee Jebb.