Representative Work Representative Work

Ledn in its US$30 million Series A financing round

On May 26, 2021, Ledn completed its US$30 million Series A funding round led by UK-based hedge fund Kingsway Capital, with participation from new investors such as crypto venture fund Hashed, Susquehanna Private Equity Investments, and ParaFi Capital. The funding will be used to strengthen...

Lead Office: Toronto Date Closed: May 26, 2021 Value: US$30 million

7Shifts in its US$21.5 million Series B financing round

On May 25, 2021, 7Shifts completed its US$21.5 million Series B financing round led by Enlightened Hospitality Investments and including Ten Coves Capital, Relay Ventures and Conexus Venture Capital. The proceeds will be used to scale the company’s restaurant labour management...

Lead Office: Toronto Date Closed: May 25, 2021 Value: US$21.5 million

Ten Coves in 7Shifts’ US$21.5 million Series B financing round

On May 25, 2021, 7Shifts completed its US$21.5 million Series B financing round led by Enlightened Hospitality Investments and including Ten Coves Capital, Relay Ventures and Conexus Venture Capital. The proceeds will be used to scale the company’s restaurant labour management...

Lead Office: Toronto Date Closed: May 25, 2021 Value: US$21.5 million

ESI Technologies in its partnership and significant investment in Solsys

On May 25, 2021, ESI Technologies announced their partnership and significant investment in Solsys. As a result of the investment, ESI will complement the existing service offerings within its practices to complete its end to end offering of mission critical IT Digital Transformation...

Lead Office: Toronto Date Closed: May 25, 2021 Value: -

Xanadu in its US$100 million Series B Financing

On May 25, 2021, Xanadu secured US$100 million in a Series B financing round led by Bessemer Venture Partners. The funding will be used to help accelerate the development of Xanadu’s photonic quantum computer, amid a global race to commercialize the technology. Founded in 2016, Xanadu Quantum...

Lead Office: Toronto Date Closed: May 25, 2021 Value: US$100 million

Kaloom in an investment by Alternative Capital Group

In May 2021, Alternative Capital Group Inc. (ACG) completed a transaction to become the majority shareholder in Kaloom, a Quebec-based company that has developed innovative computing solutions, with a proven track record of delivering large-scale networking, analytics and AI-based...

Lead Office: Montreal Date Closed: May 20, 2021 Value: -

ALT TEX in its pre-seed financing

On May 19, 2021, ALT TEX completed its pre-seed funding round co-led by Garage Capital and Amplify Capital, with participation from Globalive Capital, Panache Ventures, Ramen Ventures, Spacecadet Ventures, and Presstar. Astronaut Chris Hadfield also invested in the round, as did...

Lead Office: Toronto Date Closed: May 19, 2021 Value: -

The Estée Lauder Companies Inc. in its agreement to increase its ownership in DECIEM Beauty Group Inc.

On February 23, 2021, The Estée Lauder Companies Inc. (ELC) announced that it has entered into an agreement to increase its investment in the Canadian-based, vertically integrated, multi-brand company, DECIEM Beauty Group Inc. from approximately 29% to approximately 76%. ELC has agreed to purchase...

Lead Office: Toronto Date Closed: May 18, 2021 Value: US$2.2 billion

Battle North Gold Corporation in its acquisition by Evolution Mining Limited

On March 14, 2021, Battle North Gold Corporation (Battle North) and Evolution Mining Limited (Evolution) announced that they have entered a definitive agreement for Evolution to acquire Battle North’s issued and outstanding shares at a price of $2.65 per common share in cash, for total...

Lead Office: Toronto Date Closed: May 18, 2021 Value: $343 million

Acton Capital in Knix Wear’s $53 million financing round

On May 18, 2021, Knix Wear completed a $53 million financing round led by TZP Group and including Acton Capital and supermodel Ashley Graham. Knix Wear will use the proceeds to expand into the United states, open more bricks-and-mortar stores, expand its product categories and grow its...

Lead Office: Vancouver Date Closed: May 18, 2021 Value: $53 million