Representative Work Representative Work

Canadian Business Growth Fund in its minority equity investment in Connected Lab

On June 23, 2021, Canadian Business Growth Fund completed its minority equity investment in Connected Lab, a Toronto-based product development services firm. The investment will be used to fuel the company’s growth and expand its team. The Canadian Business Growth Fund (CBGF) provides...

Lead Office: Toronto Date Closed: June 23, 2021 Value: -

ResQ in its $9.75 million seed round of funding

On June 22, 2021, ResQ announced its $9.75 million round of seed funding. The all-equity round, which originally closed in December, was led by Homebrew, Golden Ventures, and Inovia Capital. The capital will primarily help ResQ double or triple its 60-person team across engineering, sales...

Lead Office: Toronto Date Closed: June 22, 2021 Value: $9.75 million

Longbow Capital and BDC in Clir Renewables’ $27 million Series E financing

On June 1, 2021, Clir Renewables, a cloud-based AI platform in the renewable energy industry, completed its $27 million Series E financing round, co-led by Longbow Capital and ArcTern. The capital raised in the financing round will further develop ‘smart’ products utilizing...

Lead Office: Calgary Date Closed: June 17, 2021 Value: $27 million

ApplyBoard in its US$300 million Series D financing

On June 15, 2021, ApplyBoard announced its US$300 million Series D funding round led by Ontario Teachers’ Pension Plan Board and including participation from Fidelity Management & Research, BDC, Harmonic, Index Ventures, Garage Capital and Blue Cloud Ventures. The funding supports...

Lead Office: Toronto Date Closed: June 16, 2021 Value: $300 million

TRC in its acquisition of Quatric

On June 16, 2021, TRC Companies announced the acquisition of the business assets of Quatric, provider of operational technology expertise and engineering services. The strategic acquisition will strengthen TRC’s investment in digital technologies. In addition, the acquisition will...

Lead Office: Montreal Date Closed: June 16, 2021 Value: -

SkyWatch in its US$17.2 million Series B funding round

On June 15, 2021, SkyWatch announced it had completed its US$17.2 million Series B financing round led by Drive Capital and including BDC ICE Venture Fund, Golden Ventures, Space Capital and Bullpen Capital. The funding will be used to globally scale the company’s technology and leverage its...

Lead Office: Toronto Date Closed: June 15, 2021 Value: US$17.2 million

Kepler in its US$60 million financing round

On June 9, 2021, Kepler Communications announced it had raised US$60 million in a new round of funding led by Tribe Capital. The funding will be used to aid in Kepler’s growth, including an expansion in the U.S. The company is working to put just over 200 satellites in orbit to...

Lead Office: Toronto Date Closed: June 9, 2021 Value: US$60 million

Waabi in its launch and US$83.5 million Series A financing round

On June 8, 2021, Waabi announced its launch to build the next generation of self-driving technology, funded by its US$83.5 million Series A financing round. The funding is one of the largest Series A rounds ever raised by a Canadian startup and was led by Khosla Ventures and included participation...

Lead Office: Toronto Date Closed: June 8, 2021 Value: US$83.5 million

Caisse de dépôt et placement du Québec on its acquisition, together with FFL Partners, of New Look

On March 18, 2021, Caisse de dépôt et placement du Québec (“CDPQ”) and NL1 Acquireco Inc., an entity created by a group composed of funds managed by FFL Partners, LLC (“FFL”), announced that they entered into an arrangement agreement to acquire New Look Vision...

Lead Office: Montreal Date Closed: May 26, 2021 Value: $800 million

PartnerStack in its US$29 million Series B financing round

On May 26, 2021, PartnerStack completed its US$29 million Series B financing round led by 3L and including Whitecap Venture Partners, Harbourvest and RRE Ventures. The funding marks PartnerStack’s fourth consecutive year of triple digit revenue growth and brings the company’s...

Lead Office: Toronto Date Closed: May 26, 2021 Value: US$29 million