The Deal Digest (May 2024)

The Deal Digest (May 2024)

Welcome to the May edition of The Deal Digest, a monthly briefing powered by CVCA Intelligence!

Each month, we bring you details about the industry's latest transactions and provide a carefully crafted snapshot of the Canadian VC and PE landscape.

CVCA members are privy to a more detailed, timelier digest of transaction details, delivered directly to their inboxes every Monday morning. As a member, you'll not only stay ahead with our comprehensive deal listings but also enjoy a suite of exclusive benefits including special event invitations, access to private networking groups, discounts at partner events, the latest job opportunities, and much more.

Become a CVCA member today and be part of a network that's shaping the future of the industry. Learn more about membership here.


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BDC Capital (Canada) 's 2024 edition of the report highlights key metrics from last year, significant progress that has been made over the past 10 years and the work that remains to be done to return to sustainable growth for the ecosystem.

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?? New CVCA Members

MUFG Investor Services

Beringer Capital

Staircase Ventures

Mireille Fontaine

GroundBreak Ventures

Velocity Fund

Providence Health Care Ventures


Venture Capital Deals

Qohash Secures $17.4 Million in Series B Funding for Data Security Platform

Netskrt Systems Secures $10 Million CAD in Series A Financing to Improve Streaming Speeds in “Underserved” Communities

Galatea Secures $2.7 Million to Help Oil and Gas Companies Tackle Waste Disposal

Save Da Sea Closes Seed Financing, Becomes the First Investment of BDC’s Thrive Lab

AlterBiota Closes $4-Million Seed Round in Mission to Decarbonize Concrete

Maia Farms Secures $2.3 Million as it Looks to Turn Mushrooms into Meat Alternatives

Potential Motors Nabs $2 Million to Commercialize Terrain-Perception Tech for Off-Road Vehicles

Nfinite Nanotech Closes $8.9 Million CAD to Nanocoat Sustainable Packaging

Thinklabs AI Spins Out of GE With $6.8 Million CAD to Simplify Electrical Grid Management

Bōde Secures New Funding to Streamline Home Sales with AI

Relocalize Closes $2.3 Million to Decarbonize the Food Supply Chain with Micro-Factories

Diversio Acquires CCDI Consulting to Expand its Workplace-Inclusion Services

CoLab Raises $28.6-Million CAD Series B to Grow its Team and Incorporate AI

Relocalize Closes $2.3 Million to Decarbonize the Food Supply Chain with Micro-Factories

Forma.AI’s First Acquisition Nets Fellow Toronto Sales Software Startup Seamonster

Busbud Acquires South African Revenue Management Platform Ratality


Private Equity Deals

Joseph Ribkoff Secures Strategic Investments to Propel Global Expansion and Innovation

GNI Management Group Inc. Acquires McPherson Products

AppDirect Acquires Low-Code B2B Marketplace Builder Builtfirst

W Investments Group, in Partnership with Desjardins Capital, Acquires Group BFL And its Subsidiaries, Bousquet Technologies and Nagas Innovation

Skyline Roofing Partners Announces Inaugural Partnership with Elo Roofing

Desjardins Capital injects capital into LOC International

Canadian broker Westland acquires Dupuis Langen Group

KV Capital’s Private Equity Division Partners with Nelson Lumber to Launch Building Products Portfolio

Certus Pest Control to Accelerate Growth and Acquisitions with New Capital Investment


Exits

FinTech Startup Fluence Technologies Agrees to be Acquired by Anaplan

Novacap Enters into a Definitive Agreement for the Sale of Mailhot Industries

Kanuk Changes Hands

Ironbridge Exits Advance Engineered Products

Garaga Inc. announces the acquisition of Novatech Group Inc. - Canadian Manufacturing


Fundraising

Conexus Venture Capital launches its second $30-million fund to back Saskatchewan tech startups

Allison Transmission Announces $10 Million Strategic Investment in EnerTech Capital


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