Representative Work Representative Work

Kepler in its US$60 million financing round

On June 9, 2021, Kepler Communications announced it had raised US$60 million in a new round of funding led by Tribe Capital. The funding will be used to aid in Kepler’s growth, including an expansion in the U.S. The company is working to put just over 200 satellites in orbit to...

Lead Office: Toronto Date Closed: June 9, 2021 Value: US$60 million

Waabi in its launch and US$83.5 million Series A financing round

On June 8, 2021, Waabi announced its launch to build the next generation of self-driving technology, funded by its US$83.5 million Series A financing round. The funding is one of the largest Series A rounds ever raised by a Canadian startup and was led by Khosla Ventures and included participation...

Lead Office: Toronto Date Closed: June 8, 2021 Value: US$83.5 million

Caisse de dépôt et placement du Québec on its acquisition, together with FFL Partners, of New Look

On March 18, 2021, Caisse de dépôt et placement du Québec (“CDPQ”) and NL1 Acquireco Inc., an entity created by a group composed of funds managed by FFL Partners, LLC (“FFL”), announced that they entered into an arrangement agreement to acquire New Look Vision...

Lead Office: Montreal Date Closed: May 26, 2021 Value: $800 million

PartnerStack in its US$29 million Series B financing round

On May 26, 2021, PartnerStack completed its US$29 million Series B financing round led by 3L and including Whitecap Venture Partners, Harbourvest and RRE Ventures. The funding marks PartnerStack’s fourth consecutive year of triple digit revenue growth and brings the company’s...

Lead Office: Toronto Date Closed: May 26, 2021 Value: US$29 million

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: -