Tag Archives: money raised

46 Canadian Tech Startups That Raised Money Last 3 Months (04-07 2018)

We have been taking some deserved time off and neglected to update some VCs’ moves and money raised in the last few months or so (April – July 2018). Here is recap of what happened in Canadian tech when it came to raising money. Once again, Toronto and Montreal companies dominated the tech scene. Congrats to all!

* Any money raised over $10M are in bold letters. 

  • #paid, Toronto startp and world’s leading influencer marketing platform for authentic brand collaborations, raised $9m
  • Agreement Express, a Vancouver onboarding automation software for the financial services industry, received an undisclosed investment
  • Airy3d, a Montreal startup that brings 3D machine vision to any camera, all without sacrificing battery life, footprint, or image quality, raised US$10M
  • Alavida Health, a Vancouver company, offering treatment of alcohol use disorder that combines drug therapy and counselling, raised $2M
  • Algolux , a Montreal startup, empowers cameras to see more clearly and perceive what cannot be sensed with today’s imaging and vision systems, raised $10M
  • ApplyBoard, a Waterloo startup for an AI-enabled marketplace uniquely designed for international students to apply to study at the best institutions , raised $13M
  • Atomic Reach, a Toronto startup that provides content intelligence platform built to help marketers and agencies create high quality, consistent and profitable content, raised $3.4M
  • Auvik Networks, a Waterloo startup, most efficient & profitable way for MSPs to manage network infrastructure, raised $20M
  • AvenueHQ, a Vancouver startup brings together designers, marketers, engineers, writers, and other creative minds, to help marketing for REALTORS®, closed a $4.5M
  • Avrij, a Fredericton, New Brunswick company that develops a tool that lets you determine what online information is important to you, when you want to know it, and how , raised $1.2M
  • BenchSci, a Toronto startup, a reagent intelligence platform that transforms published data into relevant insights for materials and methods, raised US$8m
  • Breather, a Montréal startup that creates modern workspaces you can keep for hours, days or months — all to yourself, raised $45M in additional funding
  • Canary Medical, a Vancouver medical data company, raised an undisclosed amount
  • Coveo, a Quebec City, provider of intelligent and predictive search technologies, raised $100m
  • Cozystay Holdings, a Vancouver vacation rental platform targeting Chinese vacationers, raised $4M
  • Dooly.ai, a Vancouver startup capturing, sharing, and finding the information needed to close business made as easy as taking a note, raised $2M 
  • ecobee, a Toronto home automation company that makes thermostats for residential and commercial use, raised an additional $47M
  • Eddyfi Technologies, a Quebec company that develops and markets advanced eddy current and electromagnetic solutions, purchased M2M, a Paris, France manufacturer of ultrasonic
  • Elastic Path, a Vancouver company, the leader in ecommerce software that empowers the world’s best brands, closed a $43M in additional funding
  • Eventbase Technology, a Vancouver leading mobile event platform trusted by some of the world’s most recognizable brands, raised $6.5M
  • Fiix (formerly known as Maintenance Assistant), a Toronto startup that provides cloud-based maintenance & asset management software, raised raised $12M
  • inkbox, a Toronto startup, providing tattoo that lasts only 4-6 days, raised $13M
  • Instant Financial, a Vancouver startup, provides workers with access to their pay after every shift, raised $11.4M
  • Inversago Pharma, a Montreal biotech startup, raised $7M
  • League, a Toronto company that’s re-imagining employee health benefits, and is on a mission to empower people to live healthier, happier lives —every day, raised C$62M
  • LoginRadius, a Vancouver startup, helps companies deliver a connected customer experience, build an integrated marketing ecosystem, and centralize customer data , raised $17M
  • MedAvail, a Toronto pharmarcy company allowing automated dispensing and medication management technologies, raised $16.6M
  • MindBridge Analytics, an Ottawa analytics company using artificial intelligence to uncover material irregularities in data, raised $8.4M
  • Miovision, a Kitchener startup thtat creates intelligent solutions for in-house and outsourced traffic data collection, raised $15M
  • Motorleaf, a Montreal startup , that uses artificial intelligence to allow crop to grow themselves, raised USD$2.85m
  • NorthOne, a Toronto startup building Canada’s first mobile-first API-based banking platform that helps startups and small businesses bank, manage their finances, raised $2M
  • Polystyvert, a Montréal startup on a mission to recycle polystyrene (PS), also known as Styrofoam, raised C$11M in funding
  • Primal, a Kitchener startup that allows companies to use artificial intelligence to read and interpret text in any form , received $2.3M loan
  • Raven Telemetry, an Ottawa company, that helps manufacturers leverage their data, raised $6.1m
  • Ritual, a Toronto startup that allows social ordering from your favourite local restaurants and coffee shops, closed a $70M
  • SensorUp, a Calgary startup that empowers developers to build applications that connect with everything in the world, raised $2M
  • Stay22, a Montreal startup, providing map-based accommodation tool , raised $750K 
  • Strainprint Technologies, a Toronto startup that provides mobile app for medical cannabis, raised $3.8M
  • Terminal, a Toronto startup that helps businesses build and manage world-class remote technical teams, raised $10M
  • The Stars Group , gaming and online gambling company traded on Nasdaq and the Toronto Stock Exchange, purchased Sky Betting & Gaming, a British-based gambling company
  • TouchBistro, a Toronto company, providing an easy and smart iPad-based POS system for restaurants, cafes, bars, & more, raised additional C$72M
  • TripStack, a Toronto startup, providing customers with all 100,000 direct flights and the billions of missing itineraries in one search , raised $6M
  • Uberflip, a Toronto staartup , content marketing platform, closed a $32m 
  • Veerum, a Calgary startup, tackling a global, epidemic problem that sees $1.6 trillion wasted every year through capital project cost and schedule overruns, raised $3.9M
  • Xanadu, a Toronto startup trying to create the world’s first practical quantum computer, raised $9M
  • Zucara Therapeutics, a Toronto developer of the first once-daily therapeutic to prevent hypoglycemia (low blood sugar) in patients with diabetes, raised US$3.9m

Breather, Montreal Startup similar to WeWork, raises $60m

Quebec based startup Breather, a network of beautifully designed workspaces offering individuals and businesses practical, distraction-free spaces, with more than 500 Locations worldwide and growing, raised $60m Canadian.

We have profiled Breather before and you can access the article here.

This $60m will bring the total money raised to $120m. Most of the financing was done by the Caisse de dépôt et placement du Québec as well as Singapore wealth fund Temasek and several U.S. venture capital firms.

“Our customers include businesses of every size, from growing startups to leading enterprise organizations, to provide space solutions that scale to their needs,” said Julien Smith, founder and CEO of Breather. “Breather enables businesses to access the space they need when they need it, with the freedom to scale usage up or down when they want to. Working with our new equity partners increases our capacity to bring that freedom to even more businesses worldwide.”

The company is notably present in New York City, San Francisco, Toronto, and London, and revolutionizing the way in which companies utilize space. About 40% of its spaces are concentrated in NYC.

Now would be a good time to apply for jobs with Breather, as their current company’s size is about 250, and their team keeps on doubling every year.

Money Raised & Companies Acquired – Canadian 2018 March Edition

March was a quieter month with fewer deals going on but there were still quite a few deals taking place. The notable deals came from Toronto ecobee raising $80m and Vancouver hootsuite raising $65m. Even an interesting concept Cryptokitties game developed in Vancouver, where you breed, raise and sell cats, got $12m in funding. Most money discussed below are in Canadian dollars.

Happy Capitalism Boys & Girls!

List of Notable of Canadian Companies That Raised Money in March 2018

Swift Medical, Toronto based, wound care management software, received $11.6m in funding

The world’s most advanced and comprehensive wound care management software Industry leaders like Healogics and PointClickCare count on Swift Medical to deliver better outcomes for all. Swift Medical delivers the most advanced wound care management software for the healthcare enterprise.

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Hootsuite, a Vancouver social media company, received financing approval for up to $65m for the growth expansion.

Manage all your social media in one place From finding prospects to serving customers, Hootsuite helps you do more with your social media.

CryptoKitties, Vancouver based, blockchain game, received $12m

CryptoKitties is one of the world’s first blockchain games. ‘Blockchain’ is the technology that makes things like Bitcoin possible. While CryptoKitties isn’t a digital currency, it does offer the same security: each CryptoKitty is one-of-a-kind and 100% owned by you. It cannot be replicated, taken away, or destroyed.

iS5 Communications, Toronto based company, developer of Ethernet cards, received investment from Phoenix Contact Innovation Ventures

iS5Com is an integrated service and solutions provider. Manufacturer of intelligent, Industrial Ethernet products designed to be used in the harsh environments.

Green Tank Technologies, Toronto based firm specializing in cannabis vaporization hardware, got $4.3m in financing from Snoop Dogg’s VCs

Vaporizing hardware that is manufactured by a team of professionals that understand your extracts. Premium quality vapes and accessories with built-in True-Taste Ceramic Core Technologies. Find your vaporizer solutions with Green Tank Technologies.

CareWorx, Ottawa based senior care technology provider, received a $17m in funding

CareWorx delivers the very best in Managed Services to our customers. CareWorx Senior Care Division is the industry’s largest provider of managed point-of-care, eMAR, mobile computing and wireless solutions.

Poka, Quebec City, training and knowledge platform for manufacturers, got $10 million in financing

Poka is a Web and mobile app that gives factory workers the power to capture, consume and share critical information in real-time on the plant floor, leading to improved productivity. By creating a standardized multimedia knowledge base of procedures, training content and solutions related to each workstation and machine, Poka helps reduce production downtime, improve quality and safety, and facilitate communication across factories, departments and shifts.

Mojio, Vancouver, connected car cloud company, got an additional funding from their investors

Open, scalable and hardware agnostic, Mojio is the cloud platform of choice for the deployment of secure connected car apps and services. Mojio’s platform delivers a smarter, safer and more convenient driving and vehicle ownership experience to subscribers of major network operators, including Bell Canada, Deutsche Telekom, Rogers Communications, T-Mobile and TELUS.

Purpose Financial, Toronto based investment firm, has acquired Thinking Capital Financial Corporation, a Montreal based Canadian fintech lender

Today we are proudly the Canadian leader in alternative financing for small businesses. It has been a long road, including technological breakthroughs, key talent joining the team and relationships with major partners have all been key to our growth and success. This timeline summarizes our journey over the last 10 years.

ecobee, Inc., Toronto based provider of a smart Wi-Fi thermostat, received $80m in funding

ecobee is a home automation company that makes thermostats for residential and commercial use. The thermostats are controlled by using the built-in touchscreen or using an app.

ThoughtWire, Toronto based developer of an Industrial Internet of Things, got $20m in debt and financing

ThoughtWire’s vision is to deliver immediate business value by rapidly interconnecting software, people and the information they need in a more adaptable, scalable and focused way.