Organization: Novacap

Eddyfi in Quebec expands global reach with back-to-back acquisitions

Eddyfi has acquired two overseas companies that expand the Quebec City-based tech firm’s capability and reach in the fest-growing global market for non-destructive technologies and services. More than $600 million in private equity and debt financing was raised to complete the acquisitions and pursue other strategic opportunities.

The Short Report, February 12, 2020: Canada takes a step toward joining Horizon Europe; NSERC funding for basic research takes a dive; Google pursues rapid Canadian expansion

Microsoft is partnering with Invest Ottawa and the Bayview Yards business accelerator to offer technical and business resources to entrepreneurs. Called Microsoft for Startups, the program gives innovative Ottawa companies access to its cloud services, enterprise sales team and partner ecosystem. – Ottawa Matters Canada Infrastructure Bank CEO Pierre Lavallée signalled the bank is considering an investment…

Feds name first set of VCCI investments

The federal government is backing five large venture capital (VC) fund of funds (FoF) to boost the much-needed late-stage capital available to Canadian tech firms.

Ryma receives $7 million in venture financing

Ryma Technology Solutions has received $7 million in series B venture financing to accelerate development and commercialization of its integrated product management software. The Montreal-based firm received funding for the first time from iNovia Capital and follow-on financing from Novacap. Ryma software applications target new segments of the enterprise software market, minimizing risk by anticipating…