Organization: BDC Capital

Kinova steps up to ‘Factory 4.0’ with $25M investment

Quebec’s Kinova, a robotics designer and manufacturer, has raised $25 million in new investments to expand its R&D, sales and marketing, and manufacturing operations. The funds were pooled from four major investors led by Fonds Manufacturier Québecois S.E.C. II. The co-investors include KTB Network Co of South Korea, Foxconn of Taiwan, and BDC Capital. The new…

Tandem Launch incubator raises another $12 million

TandemLaunch, a Montreal-based technology incubator and accelerator, has announced the first closing of its third fund, raising $12 million to support a dozen new ventures. The lead investor in TandemLaunch Ventures II (TLVII) is BDC Capital which is contributing $4 million. BDC was also the lead investor in TandemLaunch I, which raised $9.8 million. The…

Encycle raises $2.85 million in start-up funding

Encycle Therapeutics Inc has completed financing of $2.85 million to support development of its nacellin platform chemistry and advance its therapeutics pipeline. The investment in the Toronto-based firm — spun off from the Univ of Toronto in collaboration with MaRS Innovation — will allow it to build on its relationships with pharmaceutical companies and position…

GAN Systems raises US$20 million in venture funding

GAN Systems Inc has raised US$20 million in venture capital financing from a consortium of funders led by Montreal-based Cycle Capital Management. The Ottawa-based developer of gallium nitride power switching semiconductors will use the latest funding to ramp up sales and marketing internationally and continue to expand its production line of electronics transistors. GAN is…

GAN Systems raises US$20 million in venture funding

GAN Systems Inc has raised US$20 million in venture capital financing from a consortium of funders led by Montreal-based Cycle Capital Management. The Ottawa-based developer of gallium nitride power switching semiconductors will use the latest funding to ramp up sales and marketing internationally and continue to expand its production line of electronics transistors. GAN is…

Clean tech firms receive BDC convertible notes

Vancouver-based Foresight Clean Technology Accelerator and BDC Capital have announced the first two companies to receive assistance under BDC’s convertible note program. Dark Vision Technologies, Vancouver, and Pyrowave Inc, Oakville ON were provided with $250,000 in pre-series A financing, which must be matched by angel and institutional investors for a minimum total financing of $500,000.…

Corsa raises $16.5 million to further SDN hardware

Corsa Technology — a Kanata ON-based provider of networking switching hardware focused on delivering programmable data planes for Software Defined Networking (SDN) — has raised $16.5 million in series B financing. The funding round is led by Roadmap Capital Inc, Toronto, and includes Celtic House Venture Partners, BDC Capital and an unnamed “strategic technology company”.…

Clean tech firms receive BDC convertible notes

Vancouver-based Foresight Clean Technology Accelerator and BDC Capital have announced the first two companies to receive assistance under BDC’s convertible note program. Dark Vision Technologies, Vancouver, and Pyrowave Inc, Oakville ON were provided with $250,000 in pre-series A financing, which must be matched by angel and institutional investors for a minimum total financing of $500,000.…

Corsa raises $16.5 million to further SDN hardware

Corsa Technology — a Kanata ON-based provider of networking switching hardware focused on delivering programmable data planes for Software Defined Networking (SDN) — has raised $16.5 million in series B financing. The funding round is led by Roadmap Capital Inc, Toronto, and includes Celtic House Venture Partners, BDC Capital and an unnamed “strategic technology company”.…