Daniel Tyberg Daniel Tyberg

Cybrid in its $10-million Series A financing

On October 22, 2025, Cybrid Technology announced it completed a $10-million Series A funding round led by the Growth Venture Fund at BDC Capital with participation from Golden Ventures, Luge Capital and Panache Ventures. This financing will accelerate Cybrid’s mission to drive stablecoins as the...

Lead Office: Toronto Date Announced: October 22, 2025 Value: $10 million

Spellbook in its US$50-million Series B financing

On October 9, 2025, Spellbook announced that it raised US$50 million of Series B financing in a round led by Khosla Ventures. Spellbook, headquartered in Toronto and St. John’s, Newfoundland, is a legal software company which launched its first generative AI contract drafting tool in...

Lead Office: Toronto Date Announced: October 9, 2025 Value: US$50 million

Blue J in its raising of US$122-million Series D financing

On August 4, 2025, Blue J announced it raised US$122 million Series D financing in a round led by Oak HC/FT and Sapphire Ventures and saw participation from Intrepid Growth Partners and previous investors Ten Coves Capital and CPA.com. It is noted that Blue J doubled its revenue and customer...

Lead Office: Toronto Date Announced: August 4, 2025 Value: US$122 million

InfoSec Global in its acquisition by Keyfactor

On May 13, 2025, Keyfactor announced that it acquired InfoSec Global. This strategic acquisition will contribute to Keyfactor’s position as a leader in developing solutions to discover cryptographic assets with automated certificate lifecycle management and quantum-ready PKI and signing...

Lead Office: Toronto Date Announced: May 13, 2025 Value: --

FundThrough in its US$25-million Series B financing round and acquisition of Ampla

On April 22, 2025, FundThrough announced that it raised a US$25-million Series B funding round, led by existing investor Klister Credit Corp. The investment will support FundThrough’s aggressive growth strategy, including further acquisitions, advancements in AI and technology, enhanced user...

Lead Office: Toronto Date Announced: April 22, 2025 Value: US$25 million

Adaptis Technologies in its US$4-million Seed financing

On April 8, 2025, Adaptis Technologies announced US$4 million in Seed financing. The firm plans to use this new capital towards expanding operations in Canada and the United States. Adaptis Technologies is a sustainability startup for whole life cycle carbon reduction planning of existing and...

Lead Office: Toronto Date Announced: April 8, 2025 Value: US$4 million

Collective Project Limited in its acquisition by Organigram Holdings Inc.

On April 1, 2025, Collective Project Limited announced its acquisition by Organigram Holdings Inc. The acquisition, valued at approximately $6.2 million in upfront consideration and a total deal value of $30 million including earnout, grants Organigram an immediate presence in the United States...

Lead Office: Toronto Date Announced: April 1, 2025 Value: $30 million

Ribbon AI in its $8 million financing

On March 31, 2025, Ribbon AI announced that it raised $8 million of funding. This round was led by Radical Ventures and had participation from Social Leverage, Cadenza Ventures and GD1. The company plans on utilizing the funding towards expanding operations and development initiatives. Ribbon...

Lead Office: Toronto Date Announced: May 31, 2025 Value: $8 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: --

Boosted.ai in its US$15-million bridge financing

On November 25, 2024, Boosted.ai announced it raised US$15 million of financing. This all-equity round had participation from Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada and HarbourVest Partners, as well as “certain fund(s)” managed by Fidelity Investments...

Lead Office: Toronto Date Announced: November 25, 2024 Value: US$15 million