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.

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