Representative Work Representative Work

Portage Capital in connection with Valsoft Corporation raising of US$150 million

On January 3, 2025, Valsoft Corporation announced its raising of $US150 million in a growth equity round that was led by Portage Capital. The round also saw participation from Propelr Growth and Viking Global. Valsoft plans to utilize the funding toward expanding its portfolio and launching new...

Lead Office: Montreal Date Announced: January 3, 2025 Value: US$150 million

Stokes Inc. in its restructuring proceeding and successful sale under the Companies’ Creditors Arrangement Act

In November 2024, Stokes obtained creditor protection and initiated proceedings under the Companies’ Creditors Arrangement Act. Given the company’s financial difficulties, Stokes set out to restructure its operations by notably closing 45 out of 95 stores throughout the country.Nonetheless,...

Lead Office: Montreal Date Closed: December 23, 2024 Value: --

M3-Brigade Acquisition III Corp. and Brigade Capital in the sale of its equity interests in Greenfire Resources to Waterous Energy

On December 23, 2024, M3-Brigade Acquisition III Corp. and Brigade Capital announced its sale of its equity interests in Greenfire Resources to Waterous Energy for an aggregate purchase price of US$81,853,033.15. M3-Brigade Acquisition III Corp. is a special purpose acquisition company...

Lead Office: Toronto Date Announced: December 23, 2024 Value: US$81.8 million

Starboard in its US$5.5-million Seed financing

On December 20, 2024, Starbord Systems announced the closing of its US$5.5-million Seed financing led by Eclipse, with participation from existing investors Garuda Ventures and Everywhere Ventures. The new funding will be used to fuel Starboard’s mission in creating the default digital...

Lead Office: Toronto Date Announced: December 20, 2024 Value: US$5.5 million

Cadstrom in its securing of $6.8 million Seed funding

On December 19, 2024, Cadstrom announced that is raised $6.8 million in Seed funding in a round led by Bison Ventures. This round also saw participation from Innovation Endeavors and AI2 Incubator. Cadstrom is an AI expert system that assists electrical engineers with designing electronic...

Lead Office: Toronto Date Announced: December 19, 2024 Value: $6.8 million

Deep Sky in its securing of US$40-million grant from Breakthrough Energy Catalyst

On December 18, 2024, Deep Sky announced it secured a US$40-million grant from Breakthrough Energy Catalyst. These funds will be utilized towards research and testing of direct air capture technologies. It is noted that this is Breakthrough Energy Catalyst's first-ever investment in both a...

Lead Office: Montreal Date Announced: December 18, 2024 Value: US$40 million

Flare in its raising of a $42.5-million Series B financing and related secondary transactions

On December 12, 2024, Flare announced that it raised a $42.5-million Series B financing. This round was led by Base10 Partners and also saw participation from Fonds de solidarité FTQ, Inovia Capital and White Star Capital. The company plans on utilizing the funding towards its marketing efforts...

Lead Office: Montreal Date Announced: December 12, 2024 Value: $42.5 million

Blue J in its securing of Series C financing from Ten Coves Capital

On December 17, 2024, Blue J announced its securing of its Series C investment round led by Ten Coves Capital. This investment will be used for advancing Blue J’s goal of advancing tax research using artificial intelligence technology. Blue J operates as a leading provider of generative...

Lead Office: Toronto Date Announced: December 17, 2024 Value: --

Amplitude Ventures and Lifearc Ventures in connection with Fluid Biomed's $27-million financing

On December 16, 2024, Fluid Biomed announced the close of its $27-million Series A funding round co-led by Amplitude Ventures and an undisclosed investor, with follow-up investment from LifeArc Ventures. Fluid Biomed plans to use the funds to fuel the development of its innovative stent for brain...

Lead Office: Calgary Date Announced: December 16, 2024 Value: $27 million

Maverix Private Equity in connection with Raptor Maps’s securing of $35-million financing

On December 10, 2024, Raptor Maps announced that it raised $35 million in a Series C round that was led by Maverix Private Equity. This round also saw participation from MacKinnon, Bennett & Co. Inc., Blue Bear Capital LLC, Congruent Ventures, Buoyant Ventures Inc. and Y Combinator Inc. Raptor...

Lead Office: Toronto Date Announced: December 10, 2024 Value: $35 million