The Deal Digest (October 2024)

Welcome to the October 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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Venture Capital Deals

Koho Secures $40 Million CAD in Equity and $150 Million in Debt to Bolster Banking License Efforts

• CVCA Members: BDC Capital (Canada)

IndieGraf Secures $2.2 Million in Seed Funding to Supercharge Local Media Entrepreneurship

• CVCA Members: StandUp Ventures

Hyivy Health Secures $2M Seed to Unlock New Model for Treating Pelvic Pain

• CVCA Members: FACIT

Flora Fertility Closes $1.5M Pre-Seed Funding to Revolutionize Fertility Insurance

• CVCA Members: Highline Beta

Ex-PathFactory Ceo’s Sparrow Bioacoustics Closes $10 Million to Turn Smartphones into Stethoscopes

• CVCA Members: Pelorus Venture Capital Ltd.

Moselle Secures $2.1 Million CAD to Help Brands Manage their Inventory with AI

• CVCA Members: MaRS Investment Accelerator Fund , Highline Beta , AQC Capital

Rivercity Innovations Adds $2 Million to Further Expand Cold Chain Monitoring Around the World

• CVCA Members: WestCap

Repeat Founders Return with $1.1M to Help SaaS Firms Launch API Integrations via Unified.To

• CVCA Members: Techstars

Flinks Co-Founders Trade Open Banking for Open Utility with New Startup Deck

• CVCA Members: Luge Capital , Golden Ventures

Montréal-Based Trustii Raises $2.8 Million CAD to Boost Employee Risk Management Software

• CVCA Members: Boreal Ventures , Accelia Capital , AQC Capital

Montréal Healthtech Startup with Transatlantic Ties Raises $43 Million CAD For RNA-Based Cancer Immunotherapies

• CVCA Members: Fonds de solidarité FTQ , CTI Life Sciences Fund , Investissement Québec , adMare BioInnovations

Planetary Technologies Secures $15.8-Million CAD Series A ro Alkalize the Oceans and Fight Climate Change

• CVCA Members: BDC Capital (Canada) , Amplify Capital , Evok Innovations

New Funding for Wyvern Headline Busy Month in Canadian Space Tech

• CVCA Members: Yaletown Partners

Family Office Software Myfo Secures $3.5 Million USD Seed Round Led by Rhino Ventures

• CVCA Members: The51 Ventures

Phaseshift Technologies Raises $3 Million USD to Fuse Material Discovery with AI

• CVCA Members: First Star Ventures

Parachute Closes $1.5 Million to Help Struggling Canadians Improve their Financial Health

• CVCA Members: Archangel Network of Funds , Highline Beta

Spark Real Estate Acquires Juniper Homeowner Care to Expand Home Developer CRM Offering

• CVCA Members: BDC Capital (Canada) , Pender Ventures , GroundBreak Ventures

Private Equity Deals

CDPQ Makes Additional C$378M Investment in Saputo

• CVCA Members: Caisse de dép?t et placement du Québec (CDPQ)

Idealist Capital, Sanimax and Fondaction Invest $58 Million to Accelerate Entosystem's Growth and Support the Development of a Second Commercial Plant

• CVCA Members: Fondaction

Moose Knuckles Secures Strategic Investment from Down Apparel Leader Bosideng and Current Shareholders to Fuel Expansion as a Global Luxury Outerwear Brand

• CVCA Members: Cathay Capital

Beringer Capital Portfolio Company, Dig Insights, Expands Innovation Capabilities with the Acquisition of Ebco Trends

• CVCA Members: Beringer Capital

Syntax Systems Acquires Argon Supply Chain Solutions

• CVCA Members: Novacap

Exits

Swedish Investment Group adds CCM to its Roster as it Makes a Play for Growth

• CVCA Members: Birch Hill Equity Partners

Castle Harlan Acquires Educational Furniture Manufacturer Alumni

• CVCA Members: Ironbridge Equity Partners

Vizimax Inc. Gets Acquired by Power Grid Components

• CVCA Members: Yaletown Partners , BDC Capital (Canada)

Fundraising

GreenSky's $15-Million First Close of Fund VI Puts VC Firm in Rare Company

Diagram Ventures Beats Target to Close First ClimateTech Fund at $80 Million

GreenSky's $15-Million First Close of Fund VI Puts VC Firm in Rare Company

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