Organization: Export Development Canada

MPs see resource industry’s problems as potential boon for clean tech

Clean technology and traditional resource industries like oil and gas may seem like strange bedfellows but federal politicians hope closer ties between the sectors will enable Canada to meet two of its biggest challenges: reducing greenhouse gas (GHG) emissions and creating jobs. Debbie Lawes reports

Influitive raises another $8.2 million in series B financing

Toronto-based Influitive has raised $8.2 million in a series B extension bringing its total series B financing to $38 million and facilitating the acquisition of Ironark Software. Influitive is an advocate marketing firm established in 2010 to develop marketing software to help B2B firms execute customer advocate programs with web based solutions. Ironark is a…

Ranovus receives $24 million in follow-on financing

Ottawa telecommunications start-up Ranovus Inc has received US$24 million in a new round of equity and growth capital to further develop and market its interconnect products for data centre and communications networks. With operations in Ottawa, San Jose and Nuremberg Germany, the funding follows an initial $11-million round in 2013 for the three-year-old firm, which…

Celtic House launches media communications fund

Celtic House Venture Partners has closed a $105-million fund that will invest in promising early-stage media communications technology (MCT). This is the fourth fund launched by Celtic House, which currently manages three other funds with $425 million in assets. Fund IV is backed by the Ontario Venture Fund, Teralys Capital, Export Development Canada and BDC…

SR&ED changes to benefit companies that export

Export Development Canada (EDC) is hoping to make it easier for exporting firms to invest in R&D by providing loan guarantees from banks against scientific research and experimental development (SR&ED) tax credits. Firms performing eligible R&D can now receive advances against their SR&ED tax refund. In other developments, the Office of the Taxpayers’ Ombudsman is…

Tira Wireless raises US$13 million

Toronto-based Tira Wireless has secured US$13 million in series C financing to expand its software platform for mobile content deployment. It is one of several jumpstarted by early-stage investors Brightspark Ventures (R$, October 27/03). Brightspark participated in the latest financing along with Lehman Ventures, Flagship Ventures and Export Development Canada. Tira’s Jump platform lowers the…