Canadian Private Financing and M&A News Roundup – Week of Aug. 18

  • Cleantech
    • Ottawa’s Renewable Energy Co-op announced it hopes to raise up to $3M for local solar rooftop projects with its third shareholder offering.
  • Manufacturing
    • Montreal’s Supremex Inc., a manufacturer and marketer of a broad range of stock and custom-manufactured envelopes and growing provider of packaging and related products, secured a new $40M credit facility with HSBC Bank Canada. The three-year facility consists of a $15M operating facility and a $25M non-revolving term loan.
  • Natural Resources and Mining
    • Vancouver’s New Gold Inc. entered into a $300M revolving credit facility with a syndicate of banks led by The Bank of Nova Scotia and RBC Capital Markets. The Facility has a term of four years and replaces the company’s previous $150M revolving credit facility.
  • Tech
    • Montreal’s Algolux, a company specializing in computational optics, closed a $2.6M Series A round led by Real Ventures, with participation from a consortium of angels.
    • Flybits Inc., a Toronto start-up that has created a context-aware experience development platform for mobile environments, has closed a $3.75 million Series A financing.
    • Toronto’s WhoPlusYou Inc. closed $257,200 in debt financing. Yje company operates a social media platform that provides employment and professional networking opportunities for individuals, employers, researchers, and students.
    • Toronto’s Vantage Analytics closed a $1.1M seed round led by Real Ventures, PBX Innovations, Brad Badeau and Greg Wolfond. The company offers today’s leading online business managers a collection of powerful predictive analytics and data mining modules, served up in an accessible interface that makes data excitingly easy to work with.
    • Toronto’s Matter and Form Inc. received a $2M funding injection led by Sandstone Asset Management Inc. and joined by the MaRS Investment Accelerator Fund (IAF). The company produces the first affordable, crowdfunded high resolution 3D scanner.
    • Toronto-based software company Volley raised an undisclosed amount under its seed round.



Fundingportal leverages innovation to help businesses, nonprofits, and municipalities like yours to get grants and funding.

Read Previous

FundingSources – Must Reads

Read Next

QP Briefing. Premier says $100-million small-town infrastructure fund is ready

coding4pro honey homes