Tech Funding Deals for the Month of March 2016 (Views: 2372)
Wed, 06 Apr 2016
During the month of March, 29 funding deals took place. Some of the most notable transactions were from Snapchat that acquired Bitstrips for $100 million, and Triotech, a Montreal-based startup that raised $80 million from Caisse de dépot et placement du Québec and Fonds de solidarité FTQ. Fundica would also like to congratulate, Mentio, last year's Vancouver Fundica Roadshow winner! Mentio was recently acquired by the Toronto-based FinTech company Lendified.
Want to learn more about new funding opportunities for your startup? Create a profile on Fundica.com and get access to a variety of Canadian funds including grants, loans, tax credits and equity funding from private, municipal, provincial, and federal funders.
Below is a list of all the publicly announced tech funding deals for the month of March 2016:
| Company | Sector | Prov. | Transaction | Amount | Investors/Acquirers |
|---|---|---|---|---|---|
| Influitive | Technology | ON | Fund Raise | $8.2M | Leaders Fund, Export Development Canada, Georgian Partners, Relay Ventures, BDC Capital IT Venture Fund, Our Crowd |
| Ironark Software | Technology | ON | Sold | N/A | Influitive |
| Wind Mobile | Technololgy | CA | Sold | $1.6B | Shaw |
| RentMoola | Technology | BC | Fund Raise | $5M | Alternative Investments |
| Kensingtion Venture Fund | Technology | CA | Investment to Fund | $300M | Kensington Capital Partners |
| Nanoleaf | Technology | ON | Fund Raise | $2.9M | Sustainable Development Technology Canada |
| Spring Loaded Technology | HealthTech | NS | Fund Raise | $1.9M | Build Ventures |
| Indochino | Technology | BC | Fund Raise | $42M | Dayang Group |
| Nano One | Technology | BC | Fund Raise | $2M | Sustainable Development Technology Canada |
| Resolver | Technology | ON | Fund Raise | $4M | Klass Capital |
| CrowdRiff | Technology | ON | Fund Raise | $2.6M | BDC Venture Capital, Gibraltar Ventures, High Alpha Capital, Foundation Capital |
| Sandvine | Technology | ON | Fund Raise | $15M | Provincial Governent |
| TriggerFox | Technology | ON | Sold | N/A | Influitive |
| Aterlo | Technology | ON | Fund Raise | $1M | MaRS IAF |
| Teralys Capital Fund | Technology | QC | Investment to Fund | $375M | Teralys Capital |
| QD Solar | Technology | ON | Fund Raise | $2.55M | Sustainable Development Technology Fund |
| Triotech | Technology | QC | Fund Raise | $80M | Caisse de dépot et placement du Québec (CDPQ), Fonds de solidarité FTQ |
| Aspire Financial | FinTech | ON | Fund Raise | $750K | Globalive Capital |
| Bitstrips | Technology | ON | Sold | $100M | Snapchat |
| Permission Click | Technology | MB | Fund Raise | $1.75M | Friesens Corporation, Real Ventures |
| Hopper | Technology | QC | Fund Raise | $16M | BDC Capital IT Venture Fund, OMERS Ventures, Brightspark Ventures |
| Wave | Technology | ON | Fund Raise | $6.7M | BDC Capital |
| Sales Prodigy | Technology | BC | Sold | N/A | Hootsuite |
| Cyberpost | Technology | ON | Fund Raise | $1.8M | Private Investors |
| Mentio | Technology | BC | Sold | N/A | Lendified |
| SkySquirrel | Technology | NS | Fund Raise | $1M | Innovacorp, Private Investors |
| Medgate | HealthTech | ON | Sold | N/A | Northwast Venture Partners |
| Ubique Networks | Technology | NS | Fund Raise | N/A | Extreme Venture Partners |
| 500 Startups Micro Fund | Technology | ON | Investment to Fund | $30M | 500 Startups |
Want to learn more about new funding opportunities for your startup? Create a profile on Fundica.com and get access to a variety of Canadian funds including grants, loans, tax credits and equity funding from private, municipal, provincial, and federal funders.
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Mike Lee ():
SkySquirrel and Permission Click are also Fundica Roadshow graduates. Congrats!
