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MoonPay in its acquisition of Nightshift

On January 19, 2023, MoonPay acquired Nightshift, a Web3 creative agency focusing on branding and strategy. MoonPay plans on utilizing Nightshift’s services to provide companies, brands and creative agencies with world-class, end-to-end support to unlock new revenue through...

Lead Office: Toronto Date Closed: January 19, 2023 Value: -

Notch in its raising of $13.7 million financing

On January 19, 2023, Notch raised $13.7 million in an all equity round led by Portage and saw participation from Golden Ventures, Math Ventures, Accomplice, Pre-Cursor Ventures, Garage Capital and Plexo Capital. The company plans to utilize the funding strengthen their platform and...

Lead Office: Toronto Date Closed: January 19, 2023 Value: $13.7 million

Waabi Innovation Inc. in connection with Volvo Group Venture Capital AB’s investment

On January 18, 2023, Waabi Innovation Inc. received an investment of an undisclosed amount from Volvo Group Venture Capital AB, the car-maker’s venture capital arm. This is Waabi’s first automaker investor and will increase their valuation significantly. Through this investment, Waabi plans on...

Lead Office: Toronto Date Closed: January 18, 2023 Value: -

Evok Innovations Inc. and BDC Capital’s Climate Tech Fund in connection with Summit Nanotech Corporation’s US$50-million Series A2 funding

On January 18, 2023, Summit Nanotech Corporation announced that they raised US$50 million in a Series A2 financing round. This round was led by EVOK Innovations Inc. and BDC Capital’s Climate Tech Fund with participation from Xora Innovation, Capricorn Investment Group, Volta Energy...

Lead Office: Toronto Date Closed: January 18, 2023 Value: $50 million

Winterlight Labs in its £7-million business combination with Cambridge Cognition Holdings plc

On January 11, 2023, Winterlight Labs announced that it was acquired by Cambridge Cognition Holdings plc for £7 million. This value is comprised of a cash payment of £3 million and £4 million of Cambridge Cognition shares. Collectively, the companies aspire to create digital health products to...

Lead Office: Toronto Date Closed: January 11, 2023 Value: £7 million

Excellon Resources Inc. in its US$50-million acquisition of La Negra Mine in Mexico

On January 9, 2023, Excellon Resources Inc. announced that it had entered into a definitive agreement to acquire the past producing La Negra Mine in Querétaro State, Mexico. Excellon will acquire Minera La Negra S.A. de C.V., the holding company of the mine, from Dalu S. à r.l., an entity managed...

Lead Office: Toronto Date Closed: January 9, 2023 Value: US$50 million

Radical Ventures in its launch of a US$550 million fund

On January 9, 2023, Radical Ventures announced that it had launched a fund that is focused on artificial Intelligence (AI) companies and is aiming to raise US$550 million.Radical Ventures is a Toronto-based venture capital firm that invests in deep tech.Osler, Hoskin & Harcourt LLP...

Lead Office: Toronto Date Closed: January 9, 2023 Value: US$550 million

Pender Ventures in connection with its Series A investment in Traction Rec

On January 4, 2023, Pender Ventures announced its Series A investment in Traction Rec alongside existing investor, Salesforce Ventures. Pender Ventures is a Canadian based venture capital firm that is focused on investing in technology companies. Traction Rec is a leading software company built...

Lead Office: Vancouver Date Closed: -- Value: -

Sollum Technologies in its raising of $30 million

In January 2023, Sollum Technologies Inc. announced that it has completed a $30 million financing round. This consisted of $25 million from Idealist Capital and $5 million was from Fondaction. This funding will allow Sollum to accelerate its penetration of a growing market by enhancing the...

Lead Office: Montreal Date Closed: January 1, 2023 Value: $30 million

DarwinAI in its $8 million investment round

On December 22, 2022, DarwinAI completed its $8 million investment round led by BDC Capital’s Deep Tech Venture Fund. The company plans on using this capital to enhance their system for mass market deployment to speed hardware production.DarwinAI is an internationally recognized...

Lead Office: Toronto Date Closed: December 22, 2022 Value: $8 million