Representative Work Representative Work

Forma.ai in its US$10 million financing round

On March 11, 2021, Forma.ai announced it had completed its US$10 million Series A financing round. The funding was led by Crosslink Capital and will be used to scale Forma.ai’s engineering teams and allow the company to maintain its pace with mid-market and enterprise demand. Forma.ai...

Lead Office: Toronto Date Closed: March 11, 2021 Value: US$10 million

CURO in its acquisition of Flexiti Financial

On February 1, 2021, CURO Group Holdings Corp. (CURO) announced that it had agreed to acquire FLX Holding Corp. and its operating subsidiary, Flexiti Financial Inc. (Flexiti) for CAD $108.6 million, plus earn-out amounts of up to CAD $46.5 million. The transaction is expected to close in...

Lead Office: Toronto Date Closed: March 10, 2021 Value: $155.1 million

Trufan in its $2.3 million seed round of funding

On March 9, 2021, Trufan announced it raised $2.3 million in a seed round of funding. The seed round was led by Moneta Ventures with participation from GP Ventures and Protocol Ventures. The funds will be used to consolidate its two core products and offer a first-party audience analytics...

Lead Office: Toronto Date Closed: March 9, 2021 Value: $2.3 million

Snapcommerce in its US$85 million financing round

On March 4, 2021, Snapcommerce announced it had completed its US$85 million financing round. The funding was co-led by Inovia Capital through its Growth Find I and by Lion Capital. The growth financing will allow Snapcommerce to expand beyond the travel space and invest in its broader...

Lead Office: Toronto Date Closed: March 4, 2021 Value: US$85 million

Xello in its secured follow-on investment round from Canadian Business Growth Fund

On March 4, 2021, Xello secured a follow-on investment round from the Canadian Business Growth Fund (CBGF). The funds will support the expansion of its college and career readiness initiatives, Xello received an initial minority equity investment from CBGF in May 2020. Xello is a modern...

Lead Office: Toronto Date Closed: March 4, 2021 Value: -

Interac Corp. in Canada's new real-time payments system

On March 2, 2021, Interac Corp. announced its role as the exchange solution provider for Canada's new real-time payments system, the Real-Time Rail (RTR). Interac has been selected by Payments Canada to design, build, and operate the technology platform and infrastructure underlying the RTR,...

Lead Office: Toronto Date Closed: March 2, 2021 Value: -

Cambridge Brain Science in its round of expansion capital

On March 1, 2021, Cambridge Brain Sciences announced it closed a new round of expansion capital from Canadian Shield Capital, a Toronto-based private equity investment firm, closely aligned to Hatch, a global engineering consultancy. This institutional financing round will allow CBS to further...

Lead Office: Toronto Date Closed: March 1, 2021 Value: -

HYAS in its $20 million Series B financing round

On February 26, 2021, HYAS announced the completion of its $20 million Series B financing round. The round was led by S3 Ventures with participation from Uncorrelated Ventures, Tightline Holdings, Cyber Mentor Fund and Dcode Capital. Previous investors M12, Startup Capital Ventures, and 205...

Lead Office: Vancouver Date Closed: February 26, 2021 Value: $20 million

Purpose Financial in its $53.5 million investment by Allianz X

On February, 26, 2021, Allianz X completed its $53.5 million investment in Purpose Financial. The proceeds from the investment will be used to accelerate growth and expand product development, and is the first step in a strategic cooperation between Purpose Financial and Allianz X to...

Lead Office: Toronto Date Closed: February 26, 2021 Value: $53.5 million

Yolk in its acquisition by Astreya

On February 4, 2021, Astreya announced it has signed an agreement to acquire Yolk. The acquisition of Yolk will reinforce Astreya's commitment to building technology-enabled services that elevate human potential and experience in a digitally transformed work environment. Yolk is an...

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