Evelyn Allen and Dr. Michael Pope founded Evercloak secured $2M in seed funding led by Bioindustrial Innovation Canada's Sustainable Chemistry Alliance fund with participation of Greensoil Ventures, Groundbreak Ventures, Ontario Centre of Innovation, and private investors.
Sam Scoten, Fraser Reid, and Paul Botelho led CheckSammy announced $45M strategic investment led by I Squared Capital, with participation of Zero Infinity Partners and others. Ross Berger from I Squared and John Kwaak from Zero Infinity Partners joined CheckSammy's board.
Kohlberg & Company and Graham Partners backed Myers Emergency Power Systems (Myers EPS) acquired Storage Power Solutions from founders Laszlo Lakatos-Hayward and Mike Oreskovic
Félix Bégin and Michel Déziel led Aquatech BM secured $1.7M in funding led by Fondaction with participation of Investissement Québec and $300K in repayable contribution from Canada Economic Development for Quebec Regions (CED).
Vision Marine Technologies Inc. secured up to US $3M investment by form of preferred shares from Government of Québec, through Investissement Québec
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.
Marny Investissement SA to invest $40.8M in Anaergia Inc. in three tranches. Anaergia to re-classify Subordinate Voting Shares as “common shares” and to eliminate Multiple Voting Shares within 60 days from closing of 3rd tranche. Dr. Andrew Benedek will agree to vote in favour of the reclassification.
Kayli Dale and Jacqueline Hutchings founded Friendlier secured $5M in seed extension funding led by Relay Ventures and Garage Capital, with support from private investors.
Ionomr Innovations officially announced US $20M Series A-4 funding led by NGIF Cleantech Ventures and Pallasite Ventures with support of Shell Ventures, Chevron Technology Ventures, Finindus, N.V. Bekaert, Asahi Kasei, Samsung Ventures and SAIC Capital.
Deep Sky closed $75M Series A funding, including conversion of $17.7M seed note and $57.5M in new capital co-led by Brightspark Ventures and Whitecap Venture Partners with participation from Investissement Québec, OMERS Ventures, and BDC Capital.
Parkland Corporation (TSX: PKI) secured up to $210M of financing from Canada Infrastructure Bank (CIB) to support multi-year growth of its electric vehicle (EV) charging network across Canada.
Nuha Siddiqui and Kritika Tyagi founded erthos secured $6.5M series A led by Horizons Ventures with participation of The51 Food & AgTech Fund, BDC Capital, Francis Family Fund, Telus Pollinator Fund for Good, DcarbonVC, Middle Cove Capital, Golden Ventures, Bee Partners. The51's Alison Sunstrum joined erthos board.
Fibracast Ltd. secured $44.6M Series A funding led by Cycle Capital with participation of Export Development Canada (EDC) and other investors. Cycle Capital's Shirley Speakman joined Fibracast board of directors.
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.