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Milestone Pharmaceuticals in its public offering of common shares and pre-funded warrants

On February 28, 2024, Milestone Pharmaceuticals announced its underwritten public offering of its common shares and pre-funded warrants with proceeds of approximately $30.0 million. Milestone Pharmaceuticals, headquartered in Montréal, Québec, is a biopharmaceutical company focused on the...

Lead Office: Montreal Date Announced: February 28, 2024 Value: $30 million

Ideogram in its closing of a $80 million Series A financing round

On February 28, 2024, Ideogram announced its closing of a $80 million Series A financing round. The company also released its update to its text-to-image generation platform and new subscription model. Ideogram is an artificial intelligence company whose platform offers state-of-the-art...

Lead Office: Toronto Date Closed: February 28, 2024 Value: 80 million

Sonus Microsystems in its C$2.1 million seed funding round led by LDV Capital

On February 27, 2024, Sonus Microsystems announced it closed its C$2.1 million seed funding round. This round was led by LDV Capital. Sonus Microsystems is a tech start-up in Vancouver that is developing and commercializing a novel and proprietary ultrasound technology. LDV Capital an early-stage...

Lead Office: Vancouver Date Closed: February 27, 2024 Value: $2.1 million

Helcim in its closing of $27 million Series B financing round

On February 26, 2024, Helcim announced its closing of a $27 million Series B financing round. This round was led by Headline and saw participation from Clocktower Ventures, Vesey Ventures, and SilverCircle, Information Venture Partners and Aquiline Technology Growth. The company plans on utilizing...

Lead Office: Toronto Date Closed: February 26, 2024 Value: $27 million

iCON Infrastructure in its investment in QSL

On February 23, 2024, QSL International Ltd. announced the arrival of new shareholders: funds advised by iCON Infrastructure LLP, CDPQ and the QSL management shareholders already active in the company's capital. QSL is a North American port terminal and logistics operator headquartered in...

Lead Office: Toronto Date Closed: February 23, 2024 Value: -

Zūm Rails in its closing of a $10.5 million Series A round

On February 22, 2024, Zūm Rails announced it closed a $10.5 million Series A round. This all-equity round was led by Arthur Ventures. The company plans on utilizing the funding towards its payment platform designed to merge open banking with instant payments. Zūm Rails is a fintech start-up...

Lead Office: Montreal Date Closed: February 22, 2024 Value: $10.5 million

General Motors in its US$150-million equity investment in Nouveau Monde Graphite

On February 15, 2024, General Motors announced its US$150-million equity investment in Nouveau Monde Graphite, which investment will be made in two tranches. At the closing of tranche 1, General Motors made an initial US$25-million equity investment to support the advancement of the Matawinie...

Lead Office: Vancouver Date Closed: -- Value: US$150 million

Mistal Venture Partners in connection with Armilla AI’s $4.5 million seed funding round

On February 15, 2024, Armilla AI announced it raising of $4.5 million in a seed funding round led my Mistral Venture Partners. This round also saw participation from MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital and Y Combinator, Greenlight Re and Chaucer.  Mistral...

Lead Office: Toronto Date Closed: February 15, 2024 Value: $4.5 million

Float in its closing of a $50-million credit facility from Silicon Valley Bank

On February 13, 2024, Float announced that it closed a $50-million credit facility from Silicon Valley Bank. This capital will allow for Float to expand its no-personal-guarantee credit program, Charge Card, which will offer small and medium-sized businesses up to 30 days of interest-free...

Lead Office: Toronto Date Announced: February 13, 2024 Value: $50 million

Sibli in its closing of $6 million of Seed funding

On February 13, 2024, Sibli announced its closing of $6 million in a Seed financing round led by Staircase Ventures. This round also saw participation from The Group Ventures, Burst Capital, MaRS and IAF. Sibli is an investment research company with a focus on artificial intelligence. Osler,...

Lead Office: Toronto Date Closed: February 13, 2024 Value: $6 million