Chad Bayne Chad Bayne

Ferrot Security in its $14-million Series A financing

On November 19, 2025, Feroot Security announced that it raised $14 million of Series A financing. This round was led by True Ventures and saw participation from Industry Ventures, Preface Ventures and Y Combinator. The funding will be used towards expanding Feroot's AI Agent capabilities, scaling...

Lead Office: Toronto Date Announced: November 19, 2025 Value: $14 million

Wealthsimple in its $750-million Series E round at a post-money valuation of $10 billion

On October 27, 2025, Wealthsimple announced that it has signed a Series E round of up to $750 million at a post-money valuation of $10 billion. The round, which includes both a $550-million primary offering and a secondary offering of up to $200 million, is co-led by Dragoneer Investment Group and...

Lead Office: Toronto Date Announced: October 27, 2025 Value: $750 million

Beacon Software in its US$250-million Series B financing

On November 4, 2025, Beacon Software announced that it secured US$250 million in Series B financing. This round was led by General Catalyst, D1 Capital and Lightspeed Venture Partners and saw participation from BDT & MSD Partners, Chris Rogers (CEO of Instacart) and Sator Grove. With this new...

Lead Office: Toronto Date Announced: November 4, 2025 Value: US$250 million

Xanadu in its cross-border de-SPAC transaction

On November 3, 2025, Xanadu Quantum Technologies Inc. (Xanadu) announced its going-public transaction by way of a business combination with Crane Harbor Acquisition Corporation (Crane Harbor), a special-purpose acquisition corporation (SPAC) listed on the Nasdaq Stock Market. The transaction...

Lead Office: Toronto Date Announced: November 3, 2025 Value: US$3 billion

Felix Health in its $53-million growth financing

On October 23, 2025, Felix Health announced that it secured $53 million of growth financing from the Canadian Business Growth Fund (CBGF) and other existing investors. The capital will be used towards the growth of personalized health options for Canadians. Felix Health Inc. is a patient-driven...

Lead Office: Toronto Date Announced: October 23, 2025 Value: $53 million

Wealthsimple in connection with Tetra Trust’s $10-million financing

On September 8, 2025, Tetra Trust announced that its new parent company, Tetra Digital Group, closed $10 million in funding with investors including Wealthsimple, Shopify, National Bank, ATB Financial, Purpose Unlimited and Shakepay. Tetra Trust will use the new capital to launch a Canadian-dollar...

Lead Office: Toronto Date Announced: September 8, 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

HyperComply in its acquisition by SecurityScorecard

On September 15, 2025, SecurityScorecard announced it had acquired HyperComply. This acquisition will empower using artificial intelligence driven automation for supply chain management. HyperComply is a Toronto-based software company that develops AI and automated security questionnaires for...

Lead Office: Toronto Date Announced: September 15, 2025 Value: --

Float in its securing of $70-million Series B financing led by Goldman Sachs Alternatives

On January 13, 2025, Float Financial announced it secured a $70-million Series B financing round that was led by Goldman Sachs Alternatives. The round also saw participation from OMERS Ventures, FJ Labs, Teralys and existing investor Garage Capital. Float plans on utilizing the funding towards...

Lead Office: Toronto Date Announced: January 13, 2025 Value: $70 million

Cohere announced it has raised US$500-million financing at a US$6.8-billion valuation

On August 14, 2025, Cohere announced that it raised US$500 million with a US$6.8-billion valuation. The round was led by Radical Ventures and Inovia Capital and included investments from AMD Ventures, Nvidia, PSP Investments, Salesforce Ventures and the Healthcare of Ontario Pension...

Lead Office: Toronto Date Announced: August 14, 2025 Value: US$500 million