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SomaDetect in its $2.6 million financing round

On August 12, 2019, SomaDetect Inc. completed its $2.6 million financing round that included investments from New Brunswick Innovation Foundation, the Western New York Impact Investment Fund, and New York Ventures. The startup will use the funds to expand as it works with dairy farmers and...

Lead Office: Toronto Date Closed: August 12, 2019 Value: $2.6 million

Cowen and Company and the underwriters in Sundial Growers’ US$143 million U.S. and Canadian IPO of common shares and NASDAQ listing

On August 6, 2019, Sundial Growers Inc. completed its initial public offering in the United States and Canada for gross proceeds of US$143 million. Sundial Growers Inc. intends to use the proceeds from the IPO to complete the construction, expansion, and transition of its cultivation and...

Lead Office: New York Date Closed: -- Value: US$143 million

Right-Health Inc. in its acquisition by Telus Corporation

On August 1, 2019, Right-Health Inc. was acquired by Telus Corporation. Right-Health Inc. owns and operates the Akira virtual care platform, including the Akira healthcare app as well as in-person healthcare clinics. The health-tech company will continue to operate under the Akira brand...

Lead Office: Toronto Date Closed: August 1, 2019 Value: -

Mann+Hummel’s Tri-Dim Canada Inc. in its acquisition of Hardy Filtration Inc.

In August 2019, Tri-Dim Canada Inc., an affiliate of multinational Mann-Hummel, based in Germany, completed the acquisition of Hardy Filtration Inc., a Canada-based air filtration company. This will expand the global footprint and manufacturing capabilities of Tri-Dim Filter...

Lead Office: Montreal Date Closed: August 1, 2019 Value: -

Caprion Biosciences in its sale to Arsenal

On July 31, 2019, Arsenal, an American private equity fund, announced its acquisition of Montreal-based company Caprion Biosciences. This acquisition, along with Arsenal’s simultaneous acquisition of HistoGeneX, creates a global leader in immune monitoring, protein characterization,...

Lead Office: Montreal Date Closed: July 31, 2019 Value: -

Interface Fluidics Limited in its $6 million Series A financing

On August 27, 2019, Interface Fluidics Limited announced its $6 million Series A financing round for its nanotechnology platform that optimizes oil production. Interface Fluidics Limited sees this investment as a strategic opportunity to accelerate the technology development, which will...

Lead Office: Calgary Date Closed: -- Value: $6 million

Aura Power Renewables Ltd. in its Fox Coulee Solar Project approval by the Alberta Utilities Commission

On August 13, 2019, the Alberta Utilities Commission approved the Aura Power Renewables Ltd. Fox Coulee Solar Project in Drumheller, Alberta. This was the first commercial solar project to go to a hearing, and is presently the largest solar project in Alberta. Aura Power Renewables Ltd., an...

Lead Office: Calgary Date Closed: -- Value: -

Drop Technologies Inc. in $44 million Series B round of capital financing

On August 22, 2019, Drop Technology Inc. announced a $44 million Series B round of capital, led HOF Capital. The Royal Bank of Canada joined the round as a strategic investor. Drop Technology Inc. will use this investment to further its mission of rewarding consumers by delivering relevant...

Lead Office: Toronto Date Closed: -- Value: $44 million

JPMorgan Chase & Co. in its strategic investment in FreshBooks

On August 7, 2019, FreshBooks announced JPMorgan Chase & Co. has made a strategic investment in the company. The investment from JPMorgan Chase follows two previous institutional funding rounds for FreshBooks, including a US$30 million Series A funding round in July 2014, and a US$43...

Lead Office: Toronto Date Closed: -- Value: -

Nudge Rewards Inc. in its US$9.3 million financing round

On August 16, 2019, Nudge Rewards Inc. announced a US$9.3 million financing round. Nudge Rewards Inc. will use this financing to help scale its go-to-market capacity and drive innovation in employee experience management. The new capital will also be put toward growing the startup’s...

Lead Office: Toronto Date Closed: -- Value: US$9.3 million