Justin Dharamdial Justin Dharamdial

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

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

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: --

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

ReadyWhen Tech (GoVeyance) in strategic investment by Teranet

On April 15, 2025, Teranet, a portfolio company of OMERS Infrastructure, announced its strategic investment in ReadyWhen Tech Inc., the developer of GoVeyance. This partnership underscores both companies’ shared commitment to delivering leading-edge technology that enhance real estate...

Lead Office: Vancouver Date Announced: April 15, 2025 Value: --

Page Technologies in its raising of $4.1 million of Seed funding

On March 20, 2025, Page Technologies announced that it raised $4.1 million in seed funding. This funding round was led by Twelve Below and saw participation from Go Global Ventures and Canaan Partners. The company plans to utilize the funding to expand its services into the United States and...

Lead Office: Toronto Date Announced: March 20, 2025 Value: $4.1 million

Boardy AI raises $8-million seed round

On January 14, 2025, Boardy AI announced it raised $8 million in a Seed financing round. This round was led by Creandum. The company also recently closed a pre-seed financing round. Boardy AI is an innovative artificial intelligence start-up. Osler, Hoskin & Harcourt LLP advised Boardy...

Lead Office: Toronto Date Announced: January 14, 2025 Value: $8 million

Mistral Venture Partners in connection with runQL raising of $1.6 million of pre-seed funding

On November 12, 2024, RunQL announced it raised $1.6 million of pre-seed funding in a round led by Mistral Venture Partners. This also included participation from MaRS Investment Accelerator Fund, Inovia Capital, University of Waterloo Velocity Fund, Philip Rathle, CTO of Neo4j and other...

Lead Office: Toronto Date Announced: November 12, 2024 Value: $1.6 million

Fable in its raising of US$25 million of Series B financing

On October 16, 2024, Fable announced that it raised US$25 million of Series B financing with the sole participant being Five Elms Capital. The company will utilize this new capital towards providing support for individuals with hearing and cognitive disabilities. Furthermore, the company will...

Lead Office: Toronto Date Announced: October 16, 2024 Value: US$25 million